NSW budget faces massive stamp duty hit
According to EY’s annual State Budget Monitor, the eastern state governments are especially reliant on stamp duty receipts, which comprise 17% of revenue in Victoria, 16% in NSW, 15% in Queensland, and 15% in Tasmania: The sharp downturn in the property market, therefore, threatens to hammer state budgets at a time when they are drowning The post NSW budget faces massive stamp duty hit appeared…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
