The property sector has called for an end to stamp duty, saying it has destroyed the home ownership dreams of some people. As pressure mounts inside the Federal Government to address house affordability, the Property Council noted that while the Perth median house price increased 442% over two decades, stamp duty rose 740%.

Nationally, homeowners have faced tax increases of 800% at the expense of affordability since 1995. Possible solutions to improve housing affordability vary with Council chief executive Ken Morrison wanting stamp duty abolished and the Australian Bankers Association suggesting a cutback on stamp duty.