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Originally Posted by FTE217
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They are trying to phase out stamp duty in favour of rates here in the ACT as it would in theory remove a significant barrier for new home buyers and potential downsizers.
It also provides a much more solid revenue base both good things.
But beware, rates here have been climbing but stamp duty reducing no so much. Heaps of people are ****ed about the double dip here. It is more likely to be long term reform.
And stamp duty in a market such as Sydney is a huge money spinner.