No relief on stamp duty in NSW

NSW Premier Bob Carr says stamp duty rates won't be indexed so that homebuyers don't pay more as house prices rise. Mr Carr said the NSW Government needs the funds for essential services with stamp duty paying for one-third of the state's health system and one half of the cost of the education system. Over the 2002-03 financial year, stamp duty collected on property transactions in NSW rose 13.8 per cent while the median house price increased by 23.8 per cent in the 12 months to March.

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