Stamp duty sure isn't a very popular tax for a number of reasons, but this property market cycle has certainly delivered an unexpected jackpot to the New South Wales coffers.
From Robert Simeon, a 30 year veteran of Sydney property, over at Property Observer:
"Just last week we set (nearly doubled) the all-time record price for a . This week a developer released Chatswood Place, a $300 million boutique style development, and in just three hours set a new suburb record as well as securing $160 million in off the plan sales. This is the very same investment market which many were believing was well and truly finished.