Stamp duty an issue for states: Treasurer

Housing affordability will be a key issue when Scott Morrison meets his state and territory counterparts on Friday.

The treasurer says stamp duty on property purchases is something the states can look at without any involvement of the federal government.

And he says there is no reason for the commonwealth to bankroll this as the debt position of the states and territories is a lot less than the commonwealth’s burden.

“This fundamentally is an issue for the states,” Mr Morrison told Sky Business.

The biggest levers the states have to affect housing supply are through planning and zoning regulation, he said.

Housing affordability will be the centrepiece of Mr Morrison’s May budget.

Originally published as Stamp duty an issue for states: Treasurer

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