Sydney housing slump cuts NSW stamp duty revenue by over 20% in August
New South Wales’ home-sales stamp duty revenue fell more than 20% in August, the lowest monthly intake since the COVID-19 pandemic.
New South Wales, which includes Sydney and one of the world’s priciest housing markets, saw tax revenue from home sales fall more than 20% in August, marking the weakest monthly intake since the COVID-19 pandemic. The slump in revenue, known in Australia as stamp duty, is…