Killing Stamp Duty & How To Make Houses Cheaper

The NSW Government recently announced a serious shake up to Stamp Duty, promising that from 2023, First Home Buyers will be able to choose between paying this up front, or paying an annual fee plus a percentage of the land value, known as land tax. But why does the government even need this money? And will the change really help those people trying to get a foot on the ladder, or should our politicians be doing more? The Quicky speaks to a would-be First Home Buyer, and a property market expert to find out what it will take to really solve the housing affordability crisis in Australia. Subscribe to Mamamia GET IN TOUCH Feedback? We’re listening! Call the pod phone on 02 8999 9386 or email us at [email protected] CONTACT US Got a topic you'd like us to cover? Send us an email at [email protected] CREDITS Host: Gemma Bath With thanks to: Katie Stow - Mamamia's Evening Editor , who is currently trying to buy her first home in Sydney Dr Nicola Powell - Chief of Research and Economics at Domain Producer: Claire Murphy / Gemma Bath Executive Producer: Siobhán Moran-McFarlane Audio Producer: Thom Lion Subscribe to The Quicky at... https://mamamia.com.au/the-quicky/ Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures. Just by reading our articles or listening to our podcasts, you’re helping to fund girls in schools in some of the most disadvantaged countries in the world - through our partnership with Room to Read. We’re currently funding 300 girls in school every day and our aim is to get to 1,000. Find out more about Mamamia at mamamia.com.au Become a Mamamia subscriber: https://www.mamamia.com.au/subscribe See omnystudio.com/listener for privacy information.