Overview

• Victoria's Premier Jacinta Allan has announced a 12-month plan to slash stamp duty for off-the-plan apartments, units, and townhouses.
• Experts are divided on whether the stamp duty cuts will effectively reduce housing costs or increase supply, with some developers warning of potential price hikes.
• The state government has introduced a new infrastructure charge for developers, which may raise the cost of new homes for buyers.
• Federal Housing Minister Clare O'Neil supports the removal of stamp duty nationwide, calling it a 'bad tax' that distorts the housing market.
• The Business Council of Australia advocates for a national reform fund to incentivize states to replace stamp duty with a land tax.