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Property Real Estate

Taxes Destroying House Deposits – Saving $173K & Can’t Get Into The Housing Market

The media is highlighting the struggles of a professional couple, with a $173k deposit, trying to enter the housing market in Perth.

#AusPOL #StampDuty #HeiseSays

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The media is highlighting the struggles of a professional couple, earning $200k with a $173k deposit, trying to enter the housing market in Perth. While the couple has an encouraging solution for helping their children avoid the mistakes they have made, the discussion needs to be centred around the huge tax burden from the state that stopping people from entering the housing market. Imagine if stamp duty was only the expenses for processing the paper?

References

https://www.news.com.au/finance/real-estate/buying/perth-couple-with-173000-saved-devastated-they-cant-buy-a-house-in-western-australia/news-story/ada1d0a7f225917b8808a2cba15b6f40

https://www0.landgate.wa.gov.au/titles-and-surveys/certificate-of-title

https://stampduty.calculatorsaustralia.com.au/conveyancing?stmphm-btn