{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationAustralia's highest stamp duty shatters Victorians' home ownership dreams
Australia's highest stamp duty shatters Victorians' home ownership dreams
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
The Report released today by the Housing Industry Association, Australia’s peak residential building industry association shows that in November 2021, Victorian homebuyers paid an average of $40,370 in stamp duty on the State’s median property price of $755,000 compared to New South Wales homebuyers who paid $34,807 (4% of the State’s median property price) and Queensland homebuyers who paid just $11,005 (2% of the State’s median property price).
“The tax impost – the highest in the nation - is shattering the home ownership dreams of many Victorians and potentially driving much needed skilled labour out of the State,” says HIA Executive Director, Fiona Nield.
“On average, every time a home is sold in Victoria, the State Government pockets more than $40,000 – and that doesn’t take into account other punitive property taxes, which will soon be compounded by the new social housing tax announced last week,” Ms Nield said.
“The State government appears set on layering tax upon tax on home buyers and the housing industry, and this is putting pressure on all parts of the housing market including trapping people in the private rental market instead of lifting them into home ownership.
“The implications of high stamp duty and high property taxes are being felt across the State, and right across the State’s economy including hampering our ability to retain and attract skilled workers, who are increasing being lured to other states because of more affordable housing.
“Queensland has been the biggest beneficiary of this exodus from Melbourne as families moved north, where they’re paying almost $30,000 less in Stamp Duty, while also paying substantially less for a home.
“To make home ownership a reality for more Victorians, we must reduce the amount of money they’re paying into the government coffers and increase the amount they’re able to pay towards the cost of a home.”
HIA’s Stamp Duty Watch Report reviews the latest developments and policies around stamp duty across Australia’s eight States and Territories.
For more information please contact:
Home building materials prices still slower than CPI
“Home building materials have continued to experience only modest cost increases, up by 1.6 per cent in the 2024/25 financial year,” stated HIA Senior Economist, Maurice Tapang.
Productivity Commission backs HIA calls for major regulation overhaul
“Today’s interim report from the Productivity Commission overwhelmingly backs what HIA has long been saying - that the regulatory burden on businesses is getting worse in this country and there is need for a major overhaul on the approach to regulation,” said HIA Managing Director, Jocelyn Martin.
HIA welcomes key findings of interim Productivity Commission’s report
“The Housing Industry Association (HIA) welcomes the release of the Queensland Productivity Commission’s interim report into construction productivity It is a significant and necessary step toward overcoming the housing supply challenges facing Queensland,” said Michael Roberts, HIA Executive Director Queensland.
Building approvals pick up 2024/25
“New home building approvals in the 2024/25 financial year were up by 13.9 per cent compared to their 2023/24 trough,” stated HIA Senior Economist Tom Devitt.