The NSW Government recently announced a serious shake up to Stamp Duty, promising that from 2023, First Home Buyers will be able to choose between paying this up front, or paying an annual fee plus a percentage of the land value, known as land tax.

But why does the government even need this money? And will the change really help those people trying to get a foot on the ladder, or should our politicians be doing more?

The Quicky speaks to a would-be First Home Buyer, and a property market expert to find out what it will take to really solve the housing affordability crisis in Australia.

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CREDITS 

Host: Gemma Bath

With thanks to:

Katie Stow - Mamamia's Evening Editor, who is currently trying to buy her first home in Sydney

Dr Nicola Powell - Chief of Research and Economics at Domain

Producer: Claire Murphy / Gemma Bath

Executive Producer: Siobhán Moran-McFarlane

Audio Producer: Thom Lion

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Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures.

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