“Stamp duty axed for SA first home buyers”

“The Malinauskas Government will abolish stamp duty for all first home buyers purchasing or building a new home, with the State Budget move aimed at increasing supply during the housing crisis.

Announcing the policy today ahead of Thursday’s budget, Premier Peter Malinauskas called it “one of the biggest shakeups and tax reductions that we’ve seen when it comes to the cost of building and land in our state in its history”.

The move means all first home buyers building a new home or purchasing a newly built home will not have to pay stamp duty – regardless of the value of the new property.

It comes after last year’s state budget abolished stamp duty for all first home buyers building or purchasing a new home worth up to $650,000″...

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