Responding to today’s release of the BankWest Residential Stamp Duty report, Australia’s peak property body said that stamp duty costs in Queensland were higher on a per capita basis than most states in the nation.
The Property Council of Australia’s Steve Greenwood said that the report made the wrong comparison.
Mr Greenwood said: “Instead of comparing raw figures, the report should instead have looked at the taxation burden per resident of each state.”
“As with any statistics, of course different conclusions can be drawn.
“But it is interesting to note that on a per capita basis every man, woman and child in Queensland pays more stamp duty than their counterparts in most states of Australia.”
Mr Greenwood said Property Council research figures revealed that in New South Wales residents were paying $646 per capita. In Victoria it’s $736.
“By comparison, the Queensland State Government is pulling in $777 for every single Queenslander,” Mr Greenwood said.
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