NSW stamp duty receipts rocket on hot property market

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The strong rebound in the New South Wales property market has driven an equally strong lift in stamp duty receipts, according to data from Office of State Revenue.

In the year to March 2021, stamp duty receipts rose 19% to $6.4 billion; although they remained below the all-time high $7.4 billion in stamp duty collected in the year to September 2017:

NSW stamp duty receipts

NSW stamp duty receipts are bouncing back hard

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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.