Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 15 December 2015

Monster NSW stamps windfall

The NSW government has swallowed an unprecedented $20 billion in stamp duty over the past three years, the latest stats from the Office of State Revenue show.

Combined with asset sale proceeds (Transgrid) the property boom cycle is set to deliver an enormous surplus, hundreds of millions of dollars above 2015-16 Budget forecasts. 

Sydney is forthwith set to benefit from the unleashing of a massive $70 billion infrastructure boom