$69 postpage LB

Why Is NSW phasing out stamp duty?

  • November 20, 2020 08:09 PM AEDT
  • Team Kalkine

The NSW Government is gradually progressing to kick-start the economy. Homebuyers in NSW are gearing up to save tens of thousands on their home purchases after the State undertook one of its biggest tax reforms of removing the stamp duty. The reform could be a key step towards a more efficient system of taxation. It comes right when Australia’s biggest state recorded a historic $16 billion budget deficit. Notably, NSW has not had a budget in the red for almost a decade!

Gold MTF non-AMP

* What happens if we infer from the Reform? Stamp duty distorts real estate decisions for perhaps every age group. The elderly remain in huge, underutilized properties rather than pay out a hefty fee and downsize. For the young, stamp duty adds heaps of dollars to already inflated prices, explaining why homeownership for under 35s has fallen.


The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK