It's no surprise that the NSW government has benefitted from the much talked about flurry of property transactions in Sydney. Today we found out to what extent. The budgeted $6 Billion in revenue from stamp duty was achieved with 2 months still remaining in the financial year.

With no change in NSW stamp duty rates for 31 years, it's going to be a tough ask of the Treasurer to think about broader tax reform that would seek to remove this revenue stream that represents 28% of the state revenue collections.

It was pleasing to see that a portion of the 'super profits' from stamp duty will be contributed to a Housing Acceleration Fund to assist with addressing affordability with the balance going to the Restart NSW infrastructure fund.