AV Jennings wants stamp duty rethink

Home builder AV Jennings is urging the governments to consider abolishing stamp duty to help improve housing affordability.

Chief executive Peter Summers says a debate on the tax was long overdue given it was meant to be abolished when the GST was introduced in 2000.

"The company has for many years talked about the impact of government charges and taxes and the cost of red tape causing delays that are impacting affordability," he said on Thursday as AV Jennings reported an 83 per cent lift in full year profit to $34.4 million.