NSW stamp duties hammered by COVID

Thursday 18 June 2020

According to the NSW Office of State Revenue, stamp duty receipts have begun to fall as both property prices and transfers recede.

Annual stamp duty receipts in May fell by $83 million (1.5%) from April and have clearly hit a turning point:

This decline in stamp duties was driven by falling property transfers, which fell by 1.7% from April:

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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.