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Hermit Crab Housing Market (mander.xyz)
submitted 3 months ago by fossilesque@mander.xyz to c/science_memes@mander.xyz
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[-] I_Miss_Daniel@lemmy.world 10 points 3 months ago

In Australia we lose about six months wages to 'stamp duty' if we move. Better to stick with the oversized shell.

[-] dharmacurious@slrpnk.net 6 points 3 months ago

Can you explain for an American?

[-] zik@lemmy.world 1 points 3 months ago

It's a tax on buying a house.

[-] PhlubbaDubba@lemm.ee 1 points 3 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.

[-] I_Miss_Daniel@lemmy.world -1 points 3 months ago

Not fully as I don't really understand it.

https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/transfer-duty

The calculator on that page says I would owe them $17k if I purchase a $500k property.

[-] Damage@feddit.it 2 points 3 months ago

wat

this post was submitted on 07 Aug 2024
1621 points (99.1% liked)

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