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Melbourne Property Market Distortion: First-Home Buyer Stamp Duty Cap Driving Price Pressure
We talk with Leanne Pilkington the CEO of Laing+Simmons about Victoria’s first-home buyer scheme is falling behind the market, with the $600,000 stamp duty cap now covering fewer Melbourne properties. This has concentrated demand into a tight price range, increasing competition and pushing prices higher. Experts warn the policy may be distorting the entry-level housing market rather than improving affordability.
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