Are buyers waiting to see if the Stamp Duty will be reduced/removed?

[cnu]

There are atleast 7 houses that sprung up last week in my area, and none of them have even a single bidder. What happenned to the buyers? Could "stamp duty" be one single reason why there are not many buyers?

On the contrary, is the market supposed to pick up from Jan 2007, once the new is out [whatever the news be?]

I would have assumed with extra flow of cash thru the SSIA, there should have been more buyers.. Am I not thinking correct?

 

[whathome]

Could "stamp duty" be one single reason why there are not many buyers?

Stamp duty is not the reason, the market had started to cool before stamp duty became an issue. Rising interest rates are the main reason that the market is weakening.

Discussed at length in this thread:
http://www.askaboutmoney.com/showthread.php?t=31710&page=364

 

[CCOVICH]

There are also several existing threads on Stamp Duty and Budget 2006.