It is the latest hot topic in the real estate industry, the axe of stamp duty on first-home buyer purchases of $600,000 or less. The change will take place from July and hopes to help more people break into the growingly competitive housing market.
While this all sounds fantastic to some, I do have concerns that adding this type of incentive to first home buyers, will encourage an influx of buyers and demand for homes under 600K, causing house prices to push even higher.
I spoke to news.com.au on the matter, see the full story here.
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