Jul 29, 2026 – 11.52amSydney eastern suburbs retiree Michael Grant and his wife live in a five-bedroom house worth about $3 million. They would downsize their living but for one big problem: a $150,000 stamp duty bill.“Assuming that we stay in a similar area, even if we move to a two or three-bedroom apartment, it’s going to cost a similar amount to what we will get for our house,” the recently retired software worker said.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Stamp duty rates are ‘wrong’, analysts say. Downsizers agree
A retiree in Sydney’s east says it would cost $150,000 to move to a smaller home. Analysts say downsizers should be encouraged, not penalised.
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