NSW stamp duty receipts get second wind

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By Leith van Onselen

The NSW Office of State Revenue has updated its stamp duty data for December 2016, which shows that annual receipts got a second wind on the back of rising Sydney home prices and rebounding transaction volumes:

ScreenHunter_17087 Jan. 24 15.30

As shown above, NSW stamp duty receipts hit an all-time high $6,636 million in the year to December, with receipts up an incredible 72% over three years.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.