The March data on Stamp Duty paid in NSW has been released by the NSW Office of State Revenue and still the Gladys foreign buyer “Secret Business” continues.
As noted in past Glass Pyramid exclusives:
…..the NSW State Government stopped releasing data in November 2016 (see the large table below) when it became clear it would provide some useful information on just how much property was being bought by foreign citizens either offshore or temporary resident in Australia.
Even though Gladys has made it clear that she does not care how much residential housing foreign citizens buy, provided she is able to run a skim operation and milk them as much as possible for revenue, she is still very shy about letting the people of NSW know just how many new foreign milk cows have been added to her herd.
And she is shy for a very good reason.
She knows that the people of NSW are sick and tired of politicians who sell off Australia to foreign buyers one suburban block at a time.
Release the data Gladys!!
The people of NSW pay the public servants who spend time collecting and collating this data and we know that they are giving you access to it as you and Dominic have made reference to the fact it shows a strong presence of foreign buyers in NSW and that you hope to milk them a bit harder in the next budget
Let the data go free.
And to make the task even easier for you here is a list of the data that you should be directing the OSR to release each and every month in a nice large and bright font.
Be quick and it could be you.
Will the Premier direct the Office of State Revenue and the NSW Land Titles Office to release the following information on a monthly basis.
(a) The number of new homes and apartments bought by Foreigners (Offshore)
(b) The number of homes and apartments sold by Foreigners (Offshore)
(c) The number of new homes and apartments bought by Foreigners (Temporary residents)
(d) The number of existing homes and apartments bought by Foreigners (Temporary resident)
(e) The number of existing homes and apartments sold by Foreigners (Temporary residents)
(f) The number of new homes and apartments sold by Foreigners (Temporary residents)
(g) The number of homes and apartments bought by Foreigners (Permanent residents)
(h) The number of homes and apartments sold by Foreigners (Permanent residents)
(i) The amount of surcharge stamp duty and surcharge land tax paid by foreign buyers and foreign owners of property