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Article: NSW: All you ever wanted to know about stamp duty
- Article from:
- AAP General News (Australia)
- Article date:
- June 27, 2003
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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NSW: All you ever wanted to know about stamp duty
By Jim Hanna, State Political Correspondent
SYDNEY, June 27 AAP - The Carr government can thank its lucky stars
it presides in
NSW where capital city house prices soared by nearly 25 per cent in
the past year.
It doesn't have to announce unpopular things like raising stamp
duty rates.
It can just sit back and watch the bank balance grow fatter, thanks
to the Sydney residential
property boom.
And what a boom it's been, fuelled by low interest rates, the First
Home Owners Grant
and miserable sharemarkets turning investors to property.
In their most recent quarterly report, AMP Banking and the Real ...