Jun 12, 2026 – 9.00amNSW and Queensland are being forced into big downgrades of their expected stamp duty revenue due to a housing sales slump being blamed on rising interest rates and the Albanese government’s investment tax changes, while economists warn the Victorian budget’s forecasts of just a few weeks ago look particularly optimistic.Victorian Treasurer Jaclyn Symes’ budget handed down on May 5 showed a one-year $600 million stamp duty decrease before revenues were projected to roar back after the November state election.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles