Gareth Aird
Gareth Aird is the head of Australian economics at Commonwealth Bank, specializing in housing market analysis and economic trends. He advocates for replacing stamp duty with a small annual land tax, believing that such a reform could lower the upfront costs for homebuyers and enhance market turnover. Aird's insights emphasize the need for structural changes in housing taxation to better support first home buyers and overall market accessibility.
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Australia:
Commonwealth Bank’s head of Australian economics Gareth Aird said switching to a small annual land tax rather than a stamp duty cost upfront could help more households get into the housing market.
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