Tag: homebuyer financial guide
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Stamp Duty Taxes Strain Australian Homebuyers, Hinder Housing Targets
Homebuyers in Australia are facing significant financial challenges due to stamp duty taxes imposed by state governments. A recent report by the Housing Industry Association (HIA) highlighted the detrimental impact of stamp duty on property purchases, especially for those who borrow money to cover this upfront tax. The report called for nationwide tax reforms to…
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HIA Report Reveals Stamp Duty Impact on Australian Homebuyers
The Housing Industry Association (HIA) has raised concerns over the significant financial impact of stamp duty charges on Australian homebuyers and its adverse effects on housing construction investments. The HIA’s Stamp Duty Watch report highlights how borrowers in New South Wales, Victoria, and South Australia can face over $40,000 in additional repayments when financing stamp…