Both the New South Wales government and the opposition say they're determined to get more singles, couples and families into the housing market by altering the rules on when stamp duty is owed.

Three months from the state election, New South Wales Labor has announced its plan to address housing affordability by abolishing stamp duty for some first-home buyers and reducing the tax for others.

In a bid to appease voters on the sky-rocketing house prices, New South Wales doubled its property tax for foreign buyers to eight percent from four percent currently, reported Bloomberg. With effect ...

New South Wales Treasury paper said axing stamp duty will reduce home prices Argued being able to move more easily would boost the supply of housing stock Sydney's median house price has surged by ...

But the stamp duty rate climbs as properties become more expensive; at the highest band, for homes worth more than A$3,268,000, buyers must pay A$163,940 plus 7 per cent of the property value ...

First-home buyers in New South Wales who choose the annual property tax option rather than the traditional one-off stamp duty fee will instead be required to pay a yearly tax calculated at A$400 ...