Stamp Duty is Holding Australia Back: Dr. Nicola Powell on Why We Need Bold Reform cover art

Stamp Duty is Holding Australia Back: Dr. Nicola Powell on Why We Need Bold Reform

Stamp Duty is Holding Australia Back: Dr. Nicola Powell on Why We Need Bold Reform

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 Australia’s housing market is under pressure from many directions, but one of the most overlooked barriers is stamp duty. Once a relatively modest transaction cost, stamp duty has ballooned into one of the biggest financial hurdles for homebuyers. Just to give you an idea – in Sydney, stamp duty on a median-priced house has gone from around 45% of a household’s disposable income in 2000 to 120% today. And it’s not just buyers who are suffering. Stamp duty distorts housing decisions, locks people into homes that no longer suit them, and acts as a handbrake on productivity. Today, I'm joined by Dr Nicola Powell, Chief of Research and Economics at Domain, whose recent report makes a compelling case for replacing stamp duty with a fairer, broad-based land tax. Whether you're a property investor, a home buyer, or just somebody who's interested in the housing markets, I'm sure today's chat with Dr Nicola Powell will give you a new perspective as I also want to discuss their latest report on who has profited from property over the last few years. Takeaways · A growth mindset is essential for success in property investment. · Stamp duty presents significant financial barriers for home buyers and investors. · The burden of stamp duty has increased over time, affecting housing mobility. · Capital gains tax on family homes could discourage movement and exacerbate housing issues. · Stamp duty is economically inefficient, costing more in lost activity than it raises. · Housing misallocation is a significant issue in Australia, with many living in homes that exceed their needs. · Consumer confidence is a key driver of property market trends and price growth. · Longer holding periods for properties generally lead to greater capital gains. · Location plays a crucial role in property investment success. · Reform of stamp duty is necessary for improving housing mobility and economic productivity. Chapters 01:58 Introduction 05:14 Australians Holding Their Homes for Longer 08:07 How Stamp Duty Deters People from Moving 09:56 The Inefficiency of a Stamp Duty 11:34 The Caveats of a Stamp Duty Reform 14:02 Recent Domain Report Results 18:35 The Confidence has Come Back into the Market Links and Resources: Answer this week’s trivia question here- www.PropertyTrivia.com.au · Win a hard copy of Michael Yardney's Guide to Investing Successfully. Everyone wins a copy of a fully updated property report – What’s ahead for property for 2026 and beyond. Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Michael Yardney – Subscribe to my Property Update newsletter here Dr Nicola Powell, Chief of Research and Economics at Domain https://www.domain.com.au/news/author/dr-nicola-powell/ Domain’s property profit and loss report:https://www.domain.com.au/research/profit-and-loss-report-1410018/ Domain’s Stamp Duty suggestions: https://propertyupdate.com.au/stamp-duty-is-holding-australia-back-why-we-need-bold-reform/? Get a bundle of eBooks and Reports at www.PodcastBonus.com.au Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.
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