Properties worth up to $800,000 will incur no tax and a concession rate will apply to those up to $1m if opposition wins election, Chris Minns says
Get our morning and afternoon news emails, free app or daily news podcastNew South Wales Labor has pledged to eliminate stamp duty for first home buyers purchasing properties worth up to $800,000 if it wins the March state election, in a bid to counter the Perrottet government’s recent tax reforms.
Labor’s proposal, announced on Monday, would also apply a concession rate to homebuyers paying between $800,000 and $1m for their first property.
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