Stamp duty to be abolished in NSW under Labor plan for first home buyers ahead of state election

Stamp duty to be abolished for ALL first-time homebuyers, under new Labor plan for thousands of would-be homeowners in one state

  • Stamp duty fees for first-time homebuyers to be removed in new Labor proposal
  • Labor has promised to absorb the tax if they win the New South Wales state election in March.
  • Stamp duty on new homes valued up to $800,000 will be waived in new laws
  • The $772 million scheme will be funded by abandoning the current land tax option

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