Angus Moore
speaker
184 appearances
3 recordings
1 series
first heard May 2022
last heard Jul 2022
Angus Moore’s voice in public audio — every appearance, attributed to the second.
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Appearances
So, you know, if you're looking to buy in Sydney, saving a deposit is seven years and the stamp duty adds another 1.4 years on top of that.
In Melbourne, you're looking at six years and another 1.6 years on top of that.
Brisbane is actually relatively shorter when it comes to stamp duty.
It's less than half a year.
Adelaide's a year, Perth's half a year, Hobart's a year, Darwin and Canberra are both a little over half a year.
So in each case, we're adding at least six months and in some cases, 18 months extra time you need to save before you can buy even a relatively affordable dwelling.
Yeah, that's right.
So South Australia had a concession for first home buyers similar to other states.
It was actually one of the earliest states to bring one in, but that ended in 2008.
And it basically hasn't had one since with the exception of a short term policy that was in place available for off the plan apartments.
Northern Territory is in a pretty similar boat.
So they had the Northern Territory homeowner discount, but that ended in June last year and hasn't been replaced with anything.
So first home buyers in SA and the Northern Territory basically have no concessions available to them.
Yeah, it's a great question.
So my sense is it certainly would.
The question about how much I think is an open one.
There is a lot of academic work on this question.
And there's a good paper here in Australia by Lee and Davidoff.
They suggest that, or their estimates suggest, I should say, that it could be as much as one for one.
So if you reduce stamp duty $10,000, prices could go up $10,000.
Showing 141–160 of 184 · page 8 of 10
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