The NSW Office of State Revenue has released stamp duty data to July, which reveals a massive $1.69 billion (25%) decline over the past year and a $2.45 billion (33%) decline since stamp duty receipts peaked in October 2017:
The slump in stamp duty receipts follows a sharp 24% decline in property transfers in the year to July and a 29% fall since peak:
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The annual decline in revenue has dwarfed the GFC experience: