The rise and rise of property stamp duty

Realestate.com.au has published interesting data showing the rapid rise in stamp duty costs as property prices have inflated:

“Buyers now are paying more in stamp duty as a proportion of their income than they were in the past,” [PropTrack economist Anne Flaherty said].

Grattan Institute economic policy program director Brendan Coates said average rates of stamp duty have risen substantially in all states and territories over the past two decades, because thresholds have not kept pace with rising house prices.

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