Stamp duty abolished for SA first home buyers, as they hone in on north Adelaide
South Australia has become the first state to completely abolish stamp duty for first home buyers in the latest State Budget, as that buyers' market increasingly targets more affordable northern Adelaide suburbs.
First home buyers will no longer pay stamp duty in South Australia and will also soon have two new large suburban housing projects to consider for their new home. (Image source: Shutterstock.com)
South Australian first home buyers, many of whom are zooming in on the northern suburbs of Adelaide, will no longer have to contend with stamp duty.
As part of the state’s 2024-25 budget being presented on Thursday (6 June), stamp duty has been abolished for first home buyers, with property value thresholds for the stamp duty exemption and First Home Owner Grant removed.
Those buyers were previously exempt from stamp duty
if they purchased a ne…
