ISAs, benefits and mortgage support are all rumoured to be mentioned in chancellor Jeremy Hunt’s next autumn statement.
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Articles on stamp duty
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What will work for commercial and industrial properties ought to work for homes.
Neither NSW Labor nor the NSW Coalition is actually proposing to axe stamp duty. Neither are any of the other states or territories, apart from the ACT.
An economist explains what young people need to know about the mini budget, and how to protect yourself financially.
Economists have long advocated replacing stamp duty with land tax. We find that the implications for housing prices depends on whether you own a house or an apartment.
Charging for rezoning is a move other states should follow, as are land taxes. Stamp duty hikes, not so much.
A stamp duty holiday announced to avoid a housing market crash is not all it was cracked up to be.
Homebuyers would benefit from a stamp duty for land tax swap, and so would some homeowners.
Its “opt-in” proposal means some homeowners will never switch over and will never pay land tax.
Tasmania gets more of its revenue from “bad taxes” than any state or territory other than Victoria, and less from “good taxes” than anywhere other than Queensland.
Rezoning enormously increases the value of properties. Yet the developers who benefit don’t want to pay, in the name of “certainty”.
It would be a mistake to think that just because higher earners face higher tax rates, that’s what they pay. When it comes to income from savings it’s the other way around.
At a time when so many are struggling, cutting stamp duty and helping the well off might seem like a strange move.
Boosting the GST and swapping land tax for stamp duty get headlines, but they never seem to happen.
It’s time to reform stamp duty, one of the most inefficient and distorting taxes collected by Australia’s state and territory governments.
Millions of Australians are struggling with unaffordable housing. It’s a systemic problem that’s been decades in the making, and only concerted system-wide reforms will fix it.
The conventional case for swapping stamp duty for land tax will boost the economy has weak underpinnings.
The Grattan Institute says swapping stamp duty for land tax would make Australians up to $17 billion a year better off.
Housing affordability has declined significantly over the past few decades. Slowly reducing negative gearing and capital gains, and switching to property taxes, could reverse this trend.
When people do downsize, financial incentives are generally not the big things on their minds. And so most of the budget’s financial incentives will go to those who were going to downsize anyway.
Top contributors
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Program Director, Economic Policy, Grattan Institute
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ARC Future Fellow & Professor of Economics, Curtin University
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Professor, Department of Economics, The University of Melbourne
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Research Fellow - Henry Halloran Trust, University of Sydney
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Director, Bankwest Curtin Economics Centre, and Bankwest Research Chair in Economic Policy, Curtin University
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Professiorial Fellow, The University of Melbourne
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Senior Lecturer in Finance, University of Sydney
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Professor, Centre of Policy Studies and the Impact Project, Victoria University
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Associate Professor, Centre for Social Research and Methods, Director, Centre for Economic Policy Research (CEPR), Australian National University
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Professor, School of Humanities and Social Inquiry, University of Wollongong
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Professor of Social Policy, University of Birmingham
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Vice-Chancellor’s Fellow, University of Tasmania
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Associate Professor in Economic Policy, UCL
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Research economist, The University of Melbourne
