Victoria the biggest winner from stamp duty bracket creep
Victorian Premier Jacinta Allan says she will not budge and consider introducing stamp duty reforms despite new findings that the state’s home buyers are being hit hardest by a form of property tax bracket creep.
The proportion of Melbourne home buyers paying Victoria’s highest rates of stamp duty has risen from 6 per cent to 33 per cent since the introduction of the current stamp duty schedule in 2008, according to real estate insights firm PropTrack research.
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