Abstract: The 2009 review of Australia’s tax system made recommendations for improving housing affordability, particularly in the capital cities of Australia. Among the recommendations made was the removal of conveyance stamp duty and replacing this impost with a recurrent tax on land spread across the holding period of property, of which the later provides steady and more consistent revenue for government. This paper examines the relationship and emerging trends between State government taxes which impact on entry to homeownership and examines options for the move from transaction taxes to a recurrent tax on land. Through the analysis of conveyance stamp duty currently paid on the purchase price of property and a uniform recurrent tax on land, it is demonstrated that options exist for the transition from less efficient to more efficient taxation of property, while reducing a barrier to entering the housing market.