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Comment on Hermit Crab Housing Market
I_Miss_Daniel@lemmy.world 4 months ago
In Australia we lose about six months wages to ‘stamp duty’ if we move. Better to stick with the oversized shell.
Damage@feddit.it 4 months ago
Comment on Hermit Crab Housing Market
I_Miss_Daniel@lemmy.world 4 months ago
In Australia we lose about six months wages to ‘stamp duty’ if we move. Better to stick with the oversized shell.
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dharmacurious@slrpnk.net 4 months ago
Can you explain for an American?
I_Miss_Daniel@lemmy.world 4 months ago
Not fully as I don’t really understand it.
www.revenue.nsw.gov.au/…/transfer-duty
The calculator on that page says I would owe them $17k if I purchase a $500k property.
PhlubbaDubba@lemm.ee 4 months ago
Stamp duty makes it sound like it’s what happened to them because they didn’t kick the brits out over the stamp act.
zik@lemmy.world 4 months ago
It’s a tax on buying a house.