Major developers are calling on state and federal governments to put their differences aside and agree to get rid of stamp duty and replace the country's "most inefficient" tax with a mix of reforms to corporate, personal and even new land taxes.
Nathan Blackburne, managing director of ASX-listed developer Cedar Woods, said there was widespread support for abolishing the state-based duty on home sales and all tiers of government should work together to replace it with less detrimental measures.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
Larry Schlesinger was a reporter at The Australian Financial Review.
