Government research advised against stamp duty rise for bulk home purchases

In a submission for Finance Minister Jack Chambers ahead of Budget 2025, department officials put forward four options for stamp duty

A plan to hike the 10% rate that applied for the purchase of more than 10 homes could drive out international investment, researchers said.

A Department of Finance research paper warned the Government needed to be cautious about increasing the rate of stamp duty that applied for the bulk purchase of homes.

Research by officials said a plan to hike the 10% rate that applied for the purchase of more than 10 homes could drive out international investment that was needed to make property development viable.