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Politics

Jacob Shteyman

INSANE: Stamp duty axed as budget tackles housing crisis | Vintage Vibes

Chris Steel ACT Lukas Coch Australia

Stamp duty will be axed for first home buyers across the ACT by Andrew Barr's government. (Susie Dodds/AAP PHOTOS)

First home buyers in the ACT will no longer have to pay stamp duty, despite the territory set to surpass $12 billion in debt.

The nation-first measure was the centrepiece of Treasurer Chris Steel's second budget, unveiled on Wednesday.

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