Conveyance Duty Revenue

In reply to the Hon. S.C. MULLIGHAN (Lee) (24 July 2019). (Estimates Committee B)

The Hon. R.I. LUCAS (Treasurer): I have been advised the following:

Over the period from 2020-21 to 2022-23, conveyance duty revenue is forecast to grow by around 7 per cent per annum on a policy neutral basis, reflecting expected growth in the number and price of residential and primary production property transfers.

Approximately half of the forecast conveyance duty revenue growth is due to expected growth in transactions, with the remaining growth in revenue reflecting projected growth in prices.