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Sell property now? RBA interest rates & financial independence ft. Pete Wargent

Australian Finance Podcast

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The Land Tax in New South Wales?

If you elect to not pay the stamp duty upfront, you just take it like a yearly land tax. Does that stay with the property? Yes, yes. It's based on the actual asset or the property in case in New South Wales anyway. Pete: I guess there's arguments for and against land tax. It's an annoying annual fee for people. And I guess the challenge with it is when you've got people who've already paid their stamp duty, that's, I'm not buying a land tax. So that's why I can only easily be phased in over time, which is what they're trying to do in New Australia.

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