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stamp duty is the thief of the Australian dream to own a home stamp duty tax rates in New South Wales have not been updated for 30 years in fact they are so outdated that when they came into a fete the medium house price was ninety three thousand five hundred and seventy-six dollars as in 1986 today the median house price in Sydney is nine hundred and eighty five thousand dollars attracting his stamp duty tax of over forty thousand dollars this creates a docHub barrier of entry into the property market and takes home ownership out of docHub for many New South Wales residents retirees regularly cite stamp duty as a docHub disincentive to sell their property and downsize the New South Wales government is addicted to stamp duty revenue and its no wonder considering the tax unfairly earned them over eight point four billion in the last financial year and the cost of the New South Wales home buyers ability to put a roof over their head the Real Estate Institute of New South Wales