Australia: Stamp duty now costs more than a year’s salary

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Stamp duty has become so expensive on the northern beaches of Sydney that it takes one year’s average wage to pay it off.

Families are routinely handing the NSW State Government $100,000 or more for the privilege of buying property on the northern beaches.

Read more on: www.realestate.com.au

Source : Australia: Stamp duty now costs more than a year’s salary