S&P warns on state stamp duty bust
State budgets are the biggest losers from what is shaping up to be the nation’s greatest housing correction in modern history. The biggest impact won’t come from falling dwelling prices but from a collapse in sales volume. According to Cotality, national home sales fell by 17.4% over the three months to September, including: Brisbane: -26.3% The post S&P warns on state stamp duty bust appeared…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
