Stamp duty relief
1300. Hon Simon Ehrenfeld to the parliamentary secretary representing the Treasurer:
I refer to the rapid rise in transfer duty revenue in recent years, rising from around $1.2 billion in 2018–19 to $3 billion now and estimated to reach $4 billion this year.
(1) As higher property prices have been delivering much higher transfer duty revenue for some five years, why has the government not provided stamp duty relief for home buyers beyond the first home owner relief?
(2) Will the government provide some relief for home buyers in the $700,000 to $1 million price range and, if not, why not?
Hon Samantha Rowe replied:
I thank the honourable member for some notice of the question. I provide the following answer on behalf of the Treasurer.
(1)–(2) The state government delivered transfer duty relief as part of the 2025–26 budget, increasing the exemption and concessional thresholds.
