Chris O’Keefe says the lazy stamp duty tax is going nowhere after Premier Chris Minns reinstated the tax following the previous Liberal Perrotet government abolished it in favour of a land tax.

He points out scrapping the tax likely wouldn’t have any impact on the cost of houses or cause a rise in downsizing.

“The cold hard truth is this, as long as our governments keep making a fortune out of stamp duty, they’ll keep charging us,” he said.

Listen to all of the highlights from Drive with Chris O’Keefe here: