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Could Scrapping Stamp Duty Improve Australian Housing Affordability?
Craig is back for breakfast talking with Nick Garvin from the e61 Institute, about why stamp duty adds thousands of dollars to the upfront cost of buying property in Australia and can discourage people from moving. Research suggests replacing it with another property tax could increase mobility, with an estimated 100,000 more annual moves in NSW and 90,000 in Victoria. Could reform also improve home ownership?
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The skinny
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