NSW stamp duty receipts rebound

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.

Unconventional Economist
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