NSW stamp duty boom rolls on

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By Leith van Onselen

The NSW Office of State Revenue has updated its stamp duty data for February 2017, which shows that annual receipts continued their second wind on the back of rising Sydney home prices and rebounding transaction volumes:

As shown above, NSW stamp duty receipts hit an all-time high $6,810 million in the year to February, with receipts up an incredible 121% over four 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.