Stamp duty must be eradicated, says senior economist
/A senior economist has called for state governments to remove “inefficient” stamp duty taxes in order to ease housing affordability issues.
Housing Industry Association (HIA) senior economist Geordan Murray believes that state governments should remove stamp duty, adding that first home buyers would benefit most from the move.
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Loanscape has today released its Borrowing Capacity Index for Q4/2024. It confirms the forecast trend that borrowing capacities of Australian individuals and families are recovering from their low levels which coincided with the last of the recent increases to borrowing rates initiated by the Reserve Bank of Australia.