The epic investor-driven Sydney property boom has been well documented, with home prices there rising by around 26% over the past 18-months, according to RP Data (see next chart).
One stakeholder that has been a big beneficiary of the Sydney property boom is the State Government, which has enjoyed a massive escalation in stamp duty receipts, rising by more than 85% over the past 18-months to $6.1 billion in the year to November, on the back of a 41% rise in transaction volumes and the above price rises (see next chart).
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