Tumbling stamp duty receipts pressure state budgets

Synopsis

Indebted state governments are likely to be the biggest losers from the synchronised housing market correction. RBC Capital Markets warned on Tuesday that there is more than a 50% chance that both NSW and Queensland will lose their AA+ credit ratings before Christmas, owing in part to the collapse in stamp duty revenue. Both states The post Tumbling stamp duty receipts pressure state budgets appeared first on MacroBusiness .