NSW stamp duty receipts continue to recover strongly from their COVID-19 funk.
Annual stamp duty receipts rose for six consecutive months to October and have now risen 3.6% above the previous April peak:
It’s a similar story for property transfers, which have also risen for six consecutive months and are 3.5% above their April peak:
CoreLogic reports a 16.5% annual rise in sales volumes in Sydney in the year to October:
With dwelling values in Sydney also rising, NSW stamp duty receipts should continue to rise.
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.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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