NSW stamp duty crash deepens

Thursday 18 July 2019

The NSW Office of State Revenue has released stamp duty data to June, which reveals a massive $1.65 billion (24%) decline over the past year and a $2.3 billion (31%) decline since stamp duty receipts peaked in October 2017:

The latest retracement in stamp duty receipts follows a sharp 23% decline in property transfers in the year to June:

The annual decline in revenue has dwarfed the GFC experience:

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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.