South Australia's Malinauskas Labor Government abolishes stamp duty for first-time homebuyers, extending the First Home Owner Grant and increasing housing supply.
South Australia's Malinauskas Labor Government has abolished stamp duty for first-time homebuyers purchasing or building a new home as part of the 2024-25 Budget. This decision extends the First Home Owner Grant to all eligible first homebuyers and removes property value thresholds at a cost of $30 million over four years. This move will help 1200 first-time homebuyers over the next four years and increase housing supply in the state.
June 03, 2024
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