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Gov’t green lights stamp duty bill

It aims to lessen the burden on buyers of lower-priced properties.

The government has passed the Stamp Duty (Amendment) Bill 2025, which raises the maximum value of properties chargeable to the $100 stamp duty from $3m to $4m.

Introduced in the 2025-26 budget, the adjustment aims to lessen the burden on buyers of lower-priced properties.

Based on the 2024-25 property transaction data, the government estimates that the change will benefit about 15% of property deals, though it expects an annual revenue drop of approximately $400m.

The new law will be published in the Government Gazette on 16 May and apply to instruments executed from 26 February onwards.

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