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Victoria the biggest winner from stamp duty bracket creep

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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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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com

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    Original URL: https://www.afr.com/politics/victoria-the-biggest-winner-from-stamp-duty-bracket-creep-20240212-p5f48d