❓ Hon. Simon Ehrenfeld questions the Treasurer on the lack of broader stamp duty relief despite rising revenue. The government states it provided relief in the 2025-26 budget by increasing exemption and concessional thresholds.
AnsweredQoN 1300Legislative Council
QuestionView source ↗
Stamp duty relief1300.Hon Simon Ehrenfeldto theparliamentary
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?
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?
AnswerView source ↗
Answered
11 December 2025
Response time
0 days
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.
Stamp duty relief
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.
Stamp duty relief
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