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<p>The temporary relief was designed to stimulate immediate momentum in a property
market where property transactions fell by as much as 50 per cent during the COVID-19
lockdown in March. This momentum in the property market will also support the jobs
of people whose employment relies on custom from the property industry, such as retailers
and tradespeople.</p><p> </p><p>The Government will continue to monitor the market.
As the relief was designed to provide an immediate stimulus to the property market,
the Government does not plan to extend this relief.</p>
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