NSW stamp duty receipts begin rebound

Thursday 28 November 2019

The NSW Office of State Revenue has released stamp duty data to October, which reveals a massive $1.47 billion (23%) decline over the past year and a $2.55 billion (34%) decline since stamp duty receipts peaked in September 2017:

The slump in stamp duty receipts follows a sharp 20% decline in property transfers in the year to October and a 30% fall since peak:

The annual decline in revenue has dwarfed the GFC experience, albeit is beginning to rebound:

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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.