REIA LAUNCHES CAMPAIN TO AXE STAMP DUTY
The Real Estate Institute of Australia (REIA) yesterday launched a new national and multi-year campaign with a clear objective: the phase out of stamp duty.
REIA President, Mr Hayden Groves said that as Australia moves through the current economic and real estate cycle, there is no area of reform that will have greater benefits than the phase out of stamp duty.
“With cost-of-living pressures mounting, stamp duty remains a major hurdle to first home buyers, those wanting to move around the country or invest in much-needed rental supply.
“In a time when housing supply presents such an immense challenge, the removal of stamp duty could increase sales and rental listings by up to 50% within existing housing stock.”
Read the full media release here: https://lnkd.in/gMXm2iiP
Learn more about the campaign and why we need tax reform here: https://reia.com.au/stamp-duty/
