Could reduced stamp duty be a spark?

Interest rate reductions become increasingly unlikely since Pimco’s chief Peter Dorrian offered up his insight into wholesale overseas lending and its impact on our major banks. So could we see our residential market sparked in an alternate way? Queensland’s Premier Campbell Newman, in his first 100 days plans to introduce legislation reinstating stamp duty discounts for the principal place of residence. Could this, combined with a renewed optimism, be just what the Sunny State (the South-East in particular) needs? More…

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