Oliver Myers Real Estate
Call Us: 02 4322 5600
Address: Suite 301, Level 3, Imperial Shopping Centre
171 Mann Street, Gosford, NSW 2250
Time to abolish stamp duty: PCA

Time to abolish stamp duty: PCA

  • 30 Jul 2014

item extracted from Jessie Richardson | 30 July 2014 Property Observer

One of Australia's biggest property lobbies has called for an end to stamp duty, claiming that the move will create a more mobile workforce.

The Property Council of Australia (PCA) has commented on the latest report from the Business Council of Australia, the Building Australia's Comparative Advantages report, which notes a need for higher mobility among workers.

According to the PCA's chief executive Ken Morrison, the report supports their call to end land taxes and stamp duties.

“Today’s report by the BCA reinforces what we have been saying for years – stamp duty is a ball and chain that deters many Australians from relocating for work," said Morrison.

"Workforce mobility is essential as the national economy transitions from the mining investment boom to a new phase of growth.

“As new areas become employment hubs, we need to make sure we have the right people in the right places and that means assisting Australians to relocate to where the jobs are.

“Unfortunately, there are many impediments to relocating, which makes an already daunting decision harder."

He cites stamp duty as a major deterrent to relocation.

“Stamp duty in particular not only increases house prices but means a significant loss of capital for many families seeking to move.

"For people already feeling the pinch, particularly those looking for work, the additional hit to savings of stamp duty costs makes the decision to relocate a last resort," he said.

“The Property Council has consistently argued that stamp duty is a handbrake on workforce participation and locks many Australians into housing and locations that do not suit their needs.

“Abolishing stamp duty is essential to encouraging greater productivity in our changing economy and must be considered as part of the Federal Government’s tax reform agenda," said Morrison.

Highly Efficient and Customer Focused

Oliver Myers Real Estate Gosford is a long standing and well established leading Central Coast Business serving the real estate needs of an ever growing population in an highly efficient and customer focused manner.
We have dealt directly with their agency and more specific with Principal Tony Myers, over many years now and cannot speak more highly of their commitment to their clientele and for their complete professionalism in all that they do.
For all your real estate and property investment needs, you need go no further that Oliver Myers Real Estate and Tony Myers.

- Peter & Janette Hogg, Proprietors Platinum Retirement Solutions
West Gosford

Best Real Estate Book Ever!

I've tried to read other real estate books and they are all really large and hard going.

Tony's book is plain and simple, easy for everyone to understand.

It's the best real estate book I've ever read.

- George Szafranski

Well Thought Of

Tony Myers is a well known real estate agent who I have known for about 30 years. He has a thorough knowledge of the Central Coast property market and is well thought of with those whom he does business.

- Edgar Adams
Editor at Central Coast Business Review

Excellent Customer Service

The team from Oliver Myers Real Estate have gone above and beyond expectations to help me. They gave more than 100% effort to work with me to help me find my dream home. I cannot fault their service and would certainly recommend them to my friends and family.

- Pauline Marquette
Lambton NSW