NSW’s long stamp duty boom draws to an end

Tuesday 27 September 2016

At the end of August, the NSW Parliamentary Research Service released its Trends in NSW State finances: 2002-03 to 2016-17 report, which showed that rising stamp duty receipts have driven much of the increase in state government taxation revenue over the past 14 years, accounting for 36% of total taxation revenue as at 2016-17:

June’s State Budget also projected that stamp duty receipts would grow by 2.4% per annum over the forward estimates; albeit around 80% ($835 million) of this projected growth relates to the 4% surcharge on foreign property purchases:

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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.