NSW’s stamp duty party nears its end

Tuesday, 22 March 2016

The NSW Government continues to make-out like bandits following the circa 40% lift in home prices since mid-2013, along with the circa 30% lift in the number of dwelling transfers:

As a result of these two factors, stamp duty receipts have skyrocketed, jumping by an incredible $3.13 billion (+94%) since June 2013 to $6.47 billion as at February 2016:

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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.