No easy answers to downsizing for retirees

Updated July 2 2021 - 2:57am, first published February 25 2020 - 9:18am

Ever since the Henry review there have been rumblings from vested interests about phasing out stamp duty and replacing it with a universal land tax on everybody's homes. One reason given is that the cost of stamp duty is a disincentive to move and people who wish to downsize are stuck in houses that are far better suited to a younger generation with a growing family.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Katherine news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.