The federal opposition has called on the government to cut land tax and stamp duty to help improve the supply of rental housing.
According to The Sydney Morning Herald, opposition front bencher Greg Hunt told the Seven Network that yesterday’s national housing conference marked the perfect opportunity for the government to address land tax and stamp duty to help increase the stock of homes available for rent.
“These are killers for people and what they do is decrease the rental stock,” Mr Hunt said.
Federal Housing Minister Tanya Plibersek said that the government was addressing the issue through its national rental affordability scheme that will invest in 50,000 new rental properties.
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