Property boom no more

Posted: May 14, 2018 in Uncategorized

Everyone knows that property is slowing down – but there are several non believer.

Now I found a data that you cannot non-belieb

Victoria and New South Wales are bracing for hit on Budget as property is slowing.

Stamp Duty revenue collection is forecast to grow just 3.8% – in 2017 the same forecast were 11% (-7.2%). New South Wales loss of revenues will be AUD1.1 Billion.

Usually New South Wales and Victoria just lead the cycle.

 

year to date Sydney -2.2% (and Melbourne -1%).

If it was like a listed shareit would be a loss between $22,000 and $10,000 in 5 months.

 

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