Why Stamp Duty Is The Real Villian Of The Sydney Housing Market
My quest to understand why housing is so screwed up in Sydney hasn’t stopped, with the impact of stamp duty taking my interest. Stamp duty for those unaware is a type of tax levied on the transfer of property including houses and cars. On the whole it is a good tax as it a tax on consumption so it is reasonably equitable, so let me preface this post by saying I do support stamp duty but I do think the system is truly broken and is stifiling the housing market in Sydney.