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AAP

Politics

ACT:Higher debt, cheaper homes as territory axes stamp duty

ACT Chris Steel

First home buyers in the ACT will no longer have to pay stamp duty, despite the territory set to surpass $12 billion in debt.

The nation-first measure was the centrepiece of Treasurer Chris Steel's second budget, unveiled on Wednesday.

It's a major milestone in ACT Labor's 20-year journey to abolish stamp duty in its entirety, in favour of higher property rates.

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Top stories on inkl right now

Pensacola Beach Doctor Pleads Guilty to Prescribing at Least 25,500 Opioid and Stimulant Pills Without Examining Patients

A Pensacola Beach doctor pleaded guilty to illegally prescribing at least 25,500 opioid and stimulant pills without exams. What patients and families should know.

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Latin Times

Florida cop accused of taking over dead man’s home and spending years renovating it – he alleged went as far as pretending to be the dead man

There was no evidence that the two had ever met.

We Got This Covered

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Tennessee man allegedly leaves baby inside car in an area with ‘heavy foot traffic and intoxicated individuals.’ Then he’s spotted waiting in line at a bar

Take care of your little ones!

We Got This Covered

USMNT Receives Major Advantage for Concacaf Nations League Quarterfinals

Mauricio Pochettino’s men are hoping to put on a show against Haiti in a few weeks.

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