NSW budget

"The NSW Coalition government's 2015 budget has a massive 'housing sales tax' windfall from stamp duty arising from the Sydney housing bubble," Susan Price, Socialist Alliance candidate in the recent NSW state elections, said on June 24. The government expects to reap more than $30 billion in stamp duty in the next four years, but the budget papers note that the cyclical nature of the property market means that revenue source is "inherently volatile".
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