Competing NSW housing policies could put ‘inflationary’ pressure on prices, economists warn

Experts say Labor’s stamp duty exemptions and Coalition’s land tax policy will likely benefit sellers most

The much-vaunted housing relief packages proposed by Labor and the Coalition in New South Wales are both “much ado about nothing”, experts say, warning they are likely to put upward pressure on prices as Sydney’s over-heated property market begins to cool.

Labor fired the starter’s gun on state election season on Monday, putting a plan to increase stamp duty exemptions for first home buyers facing cost-of-living pressures in western Sydney at the centre of its bid to win government after a decade in opposition.

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