NSW stamp duty receipts begin the long fall

Wednesday 24 August 2016

The NSW Office of State Revenue has updated its stamp duty data for July 2016, which reveals that annual receipts have now begun to fall, hitting the lowest level in 8 months:

And this peaking has occurred primarily on the back of sharply slowing housing transfers, whose year-on-year growth rate has turned negative:

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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.