NSW stamp duty receipts continue to boom

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By Leith van Onselen

The NSW Office of State Revenue has updated its stamp duty data for June 2017, which showed that annual receipts continued to surge on the back of rising Sydney home prices and rebounding transaction volumes:

As shown above, NSW stamp duty receipts hit an all-time high $7,344 million in the year to June, with receipts up an incredible 120% 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.