Stamp duty scrap in South Australia: Liberal’s proposed scheme for first-home buyers
Hope Coumbe, Finance Editor
First published 18 June 2025, 01:05 PM
How will the stamp duty scrap scheme work?
The stamp duty scrap scheme will work by allowing all first-home buyers to purchase their first property without paying any stamp duty. This includes those buying established homes as well as those in new homes.
Examples of how the stamp duty scrap scheme will work
Below are two examples of how the proposed stamp duty scrap will work:
Scenario 1: Keira
Having saved a deposit, Keira has put in an offer on a two-bedroom townhouse in Ascot Park. It is an existing townhouse, and this is Keira’s first property purchase. Her $580,000 offer is accepted by the owners and Keira is expecting to move into the property shortly. There are no stamp duty concessions available for first-home buyers purchasing established homes, so Keira will be liable to pay. As stamp duty owed in South Australia is based on a sliding scale and Keira’s townhouse cost her $580,000, she will pay $21,330, plus $5.50 for every $100 over $500,000. This brings her stamp duty total to $25,730.
Scenario 2: Riley
Riley is a first-home buyer looking to purchase a property within the next 12 months. He has achieved his savings goal of $60,000 and is looking to buy a two-bedroom apartment in central Adelaide. He is unsure of exactly where he plans to buy and is looking at spending six months travelling in Asia before making a final decision. As he is planning to wait to make a purchase, he may be in line for a full stamp duty exemption if the Liberal Party is successful in securing leadership after the 2026 South Australian state election.
What are the eligibility requirements for the stamp duty scrap scheme?
The eligibility requirements for the stamp duty scrap scheme so far include:
- You must be a first-home buyer
- You must not be purchasing a home valued at more than $1m.
When does the stamp duty scrap scheme start?
The introduction of the stamp duty scrap scheme is dependent on the Liberal Party successful securing leadership after the 2026 South Australian state election.
Can the scheme be used with other schemes and incentives?
No information has yet been provided on whether the stamp duty scrap could be used in conjunction with other schemes, for example, the $15,000 First Home Owners Grant.
