[Video] Are we in for less property taxes?

Welcome to Think Investment Realty news.

When buying a new home for investment, property purchasers can face a lot of hidden costs in the form of taxes.

Stamp duty and GST in particular can compound affordability issues for buyers, and there has been no shortage of calls for the removal of these taxes.

The Housing Industry Association has been a loud voice calling for the removal of these taxes, and they have recently refreshed their stance on the issue.

In particular, the industry voice claims it is unfair for GST to be levied on new properties, and not dwellings that exist already. If action is taken in this area, the path to property investment in new homes could be much clearer.

South Australia has recently removed stamp duty on non-residential property, which could be the first step on the way to similar moves in our part of the country.

That’s it from us at Think Investment Realty. See you next time.

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