NSW Budget to report stamp duty mega-boom

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By Leith van Onselen

Ahead of the State Budget next month, the NSW Office of State Revenue has updated its stamp duty data for April 2017, which shows that annual receipts continued their second wind on the back of ever-rising Sydney home prices and rebounding transaction volumes:

As shown above, NSW stamp duty receipts hit an all-time high $7,070 million in the year to April, with receipts up an incredible 122% 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.