This little-known part of the accounts measures costs involved with transferring properties such as stamp duties and fees paid to real https://www.rba.gov.au/speeches/2019/sp-dg-2019-10-17.html  9/17  10/17/2019  Housing and the Economy | Speeches | RBA  estate agents and lawyers.
Spending on these costs declined by more than 20 per cent over the year to the March quarter and reduced aggregate GDP growth by around 0.4 percentage points. We had not fully taken account of this in our forecasts of GDP and it is part of the explanation of why GDP growth has turned out to be slower than we had expected.