NSW stamp duty receipts bounce back

Tuesday 21 January 2020

The rebound in Sydney property prices and new mortgages (see next chart) is doing wonders for the New South Wales Budget.

According to new data from the NSW Office of State Revenue, annual stamp duty receipts in December had rebounded by $250 million (5%) from their August 2019 low:

In addition to rising prices, stamp duty receipts have benefited from a 3% rebound in annual property transfers:

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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.