The Real Estate Institute of Queensland is scathing of the Queensland Government’s cash grab from the property sector from its stamp duty tax increases, saying an extra $273 million in revenues has been collected and it has reduced the affordability of housing across Queensland.

Australian Bureau of Statistics confirm for the financial year 2016 to 2017, the Annastacia Palaszczuk Labor government has increased its stamp duty tax cash grab from $3.005 billion in 2016 to $3.278 billion in 2017.

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