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

By Finbar O’mallon for Aap and Olivia Day for Daily Mail Australia