Return to site

Will New Stamp Duty Changes Raise House Prices Even Higher?

Heard about the new changes to Stamp Duty and thought they were a great idea? Unfortunately, not many are considering the effects on house prices. If you’ve missed the update - The Government has announced a housing affordability package that will remove stamp duty for first-home buyers for properties up to $600,000, and offer stamp duty concessions for properties worth between $600,000 and $750,000.

My concerns are pretty simple. Putting the stamp duty savings in buyers’ pockets will mean they will bid more on auction day, pushing house prices even higher. I predict that prices will rise by about 2 to 3 per cent as a result. Meaning a $600,000 property with a 3 per cent rise would add $18,000.

Will that push those still saving for a deposit out of the market? Find out here.

All Posts

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly