NSW residents could soon be free of compulsory stamp duty after the state government proposed a land tax model it's calling "the Netflix of property tax".
Federal Budget initiatives go some way towards helping first-home buyers, but the government is still overlooking the one thing that will make a real difference.
The decision to scrap stamp duty for properties with a price tag under $650,000 is likely to boost demand for this under-represented segment of the market.
NSW first-home buyers can breathe a collective sigh of relief ahead of the state budget: they will be exempt from stamp duty on purchases of up to $650,000.
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