Stamp Duty 6 Times More Expensive Than a Generation Ago

While all states have recorded dramatic increases in stamp duty, Victoria, in particular Melbourne, is an outlier with an increase of over 6 times.
Stamp Duty 6 Times More Expensive Than a Generation Ago
Prospective buyers attend an auction of a residential property in Sydney, Australia, on May 8, 2021. Lisa Maree Williams/Getty Images
|Updated:

Property analysts have uncovered property stamp duty in Australia is at record highs when compared with a generation ago, providing another hurdle to those looking to get on the property ladder in a rebounding economy still in the throes of the cost-of-living crisis.

A poll conducted by the Philanthropic McKinnon Foundation found the cost of housing impacted the life plans of over a third of respondents.

Jim Birchall
Jim Birchall
Author
Jim Birchall has written and edited for several regional New Zealand publications. He was most recently the editor of the Hauraki Coromandel Post.
Related Topics