NSW Budget Update hopelessly optimistic on stamp duty

Tuesday 18 December 2018

Following on from this morning’s post on the NSW Office of State Revenue’s (OSR) latest stamp duty data, which revealed a $1.2 billion (16%) decline in receipts in the year to October:

The NSW Treasury has this morning released its Mid-Year Budget Update, which recorded a slight downgrade in overall stamp duty receipts from the following in the NSW May Budget:

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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.