Traditional Aussie Holiday Even More Affordable As Of 1 July

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1st July 2009, 09:53am - Views: 286
Traditional Aussie holiday even more affordable as of 1 July

Consumers of caravans, camper trailers and 5th wheelers stand to save up to $1,000 or more from today onwards, due to the abolition of stamp duty in NSW.

Barry Baillie, CEO of the Caravan and Camping Industry Association of NSW (CCIA) says that NSW consumers and dealers have been disadvantaged for some years with caravans, camper trailers and 5th wheelers attracting stamp duty.

"The abolition of stamp duty on caravans, camper trailers and 5th wheelers which takes effect as of 1 July 2009, will keep consumers in NSW to purchase a vehicle, rather than going interstate."

"Our investigations indicate that higher stamp duty costs in NSW has led to sales losses of approximately 13% (390 units sales) per year to interstate dealers. This equates to an economic loss of approximately $14 million in sales per year to businesses outside NSW."

"Before the abolition of stamp duty on these vehicles in NSW, a Jayco Sterling Caravan in NSW was around $1,300 whereas in Victoria, Queensland, South Australia and Western Australia the caravan was exempt from stamp duty, " Mr Baillie commented. "We thank the NSW State Government and the Treasurer, Eric Roozendaal, for their support by re-evaluating the effect that stamp duty was having on NSW caravan, camper trailer and 5th wheeler consumers and businesses and confirming the abolition of the tax as of 1 July 2009."

The industry also predicts that over 130 New South Wales based caravan and camper trailer manufacturers and dealers will directly benefit from the abolition of the stamp duty.

"There are around 100,000 caravans registered in NSW with around 2,600 sold every year by NSW businesses, which is worth around $83 million annually to the NSW economy."

"This latest announcement could see a return of some 400 jobs to the industry that had previously been hit by the effects of the economic downturn," Mr Baillie commented.

"Reports from some of our member dealers indicate that consumers are ready and waiting for 1 July to make their purchases."

"A Jayco caravan dealer in Sydney commented that 30 of their customers have held off picking up their caravans to take advantage of the abolition of stamp duty."

"To find a local dealer, consumers can visit our website - www.caravan-camping.com.au."

ENDS

Media Contact:
Maria Crema
m 0416 148 842
e [email protected]

SOURCE: Caravan & Camping Industry Association of NSW


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