Scrapping the Stamp Duty Tax On Properties In Australia

The issue

We all know the pain when purchasing a new house. We usually pay the deposit and after that we have to pay for stamp duty and it can dig deep into our pockets depending on the price of the property. Stamp Duty is one of the reasons many of us struggle to get a step into the property market because it is putting ordinary Australians thousands of dollars out off pocket and scrapping it would result in a greater boom in the property market and more buyers saving their hard earned money to put to good use.

During the COVID-19 pandemic, we all can feel the pinch when millions are struggling to put food on the table or paying off their electricity bills. The last thing first home buyers want is to pay Stamp Duty on top of saving for the deposit of their first house purchase. Stamp Duty is what the pinch is for the Australian Dream and removing it would create a level playing ground for Australians to purchase a house.

With the economy suffering deeply due to COVID-19, some economists predict that house prices will fall 32% by the end of this year due to massive job losses and uncertainty looms for all of us if we don't give a fair go to all Australians to be easily able to purchase their dream house. Please sign this petition to abolish the Stamp Duty  in order to make sure all Australians get a "fair go" to purchase the "Australian Dream"!

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The issue

We all know the pain when purchasing a new house. We usually pay the deposit and after that we have to pay for stamp duty and it can dig deep into our pockets depending on the price of the property. Stamp Duty is one of the reasons many of us struggle to get a step into the property market because it is putting ordinary Australians thousands of dollars out off pocket and scrapping it would result in a greater boom in the property market and more buyers saving their hard earned money to put to good use.

During the COVID-19 pandemic, we all can feel the pinch when millions are struggling to put food on the table or paying off their electricity bills. The last thing first home buyers want is to pay Stamp Duty on top of saving for the deposit of their first house purchase. Stamp Duty is what the pinch is for the Australian Dream and removing it would create a level playing ground for Australians to purchase a house.

With the economy suffering deeply due to COVID-19, some economists predict that house prices will fall 32% by the end of this year due to massive job losses and uncertainty looms for all of us if we don't give a fair go to all Australians to be easily able to purchase their dream house. Please sign this petition to abolish the Stamp Duty  in order to make sure all Australians get a "fair go" to purchase the "Australian Dream"!

The Decision Makers

Scott Morrison
Federal Member for Cook
Mathias Cormann
Minister for Finance
Petition updates