NSW Pushes to Convince Residents to Opt out of Stamp Duty for Land Tax

A real estate sign is seen at a property in Sydney, Australia, on Sept. 6, 2022. Lisa Maree Williams/Getty Images

The New South Wales (NSW) government has launched an online calculator to allow first home buyers in the Australian state to see how much money they would save by switching to an ongoing land tax instead of the current stamp duty.

This comes as the NSW government is set to introduce legislation to trial the First Home Buyer Choice scheme in January 2023.