South Australia scraps stamp duty for first home buyers
The South Australian Government has made the most ambitious changes to stamp duty in the country, scrapping the insidious tax for first home buyers buying a new home valued up to $650,000.
The South Australian parliament has passed a budget that offers significant relief to first home buyers buying a new home. (Image source: Shutterstock.com)
South Australia has scrapped stamp duty for first home purchasing a new home valued up to $650,000.
The relief package, which phases out for properties valued up to $700,000, was announced late Thursday (15 June) as a key plank of the SA Government’s State Budget 2023-24. It also applies to vacant land valued at up to $400,000 used to build a new home.
South Australian Treasurer Stephen Mullighan said the move is aimed at helping more South Aus…
