Anyone any idea of what the new property tax (referred to in the most recent budget) will look like? I assume it will be introduced in the next budget for next year. Do you think it will (a) include owener-occupiers - assume so, at least over some annual income threshold? (b) Exclude, at least for maybe 5 years or so, those who have recently paid stamp duty? I ask because I paid stamp duty on a trade-up owner-occupier house last year and it would strike me as very cruel to hit me again financially on the same asset (which in this case is my home) so soon.
Any thoughts appreciated.
Any thoughts appreciated.