From the home front

Date: 25 March 2011

Northern Rivers agent Trevor Manwarring has added his voice to those calling upon the State Government to reform the tax system, particularly inefficient ones like stamp duty.

It is too much for working families to pay,” says Trevor, who is a sales agent with First National Wal Murray in Alstonville.

“Stamp duty has become nothing more than governments gouging money from those who can least afford to pay.

“Australia is one of the most expensive property markets in the world and excessive taxes are making it incredibly difficult for new entrants to gain access to the market or for existing home owners to upgrade.

“We have a chronic shortage of supply, worsening home affordability and an increasingly tight rental market, which could all be partially addressed with a more realistic approach to property taxes such as stamp duty.” The Housing Industry Association in Queensland has called for the State Government to look at cutting property taxes, stamp duty and infrastructure charges, after the collapse of the large Cairns-based building and construction company Glenwood Homes.

The HIA wants the State Government to rein in regulatory costs it says are blowing out the costs of new home construction.

Article date: 25 March 2011
Back to articles Filed under: Media / NSW News Tags: first national real estate wal murray & co, trevor manwarring
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