NSW’s stamp duty fiscal cliff

Tuesday 26 January 2016

The New South Wales Government has made-out like bandits following the circa 40% lift in home prices since mid-2013, along with the 32% lift in the number of dwelling transfers, driven of course by the orgy of investor speculation (see next chart).

As a result of these two factors, stamp duty receipts have skyrocketed, jumping by an incredible $3.09 billion (+92%) since June 2013 to $6.43 billion as at December 2015:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.