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South Australian first home buyers will benefit from a $4,000 stamp duty grant in a new measure announced in the state’s budget yesterday.
South Australian treasurer Kevin Foley said more than 90 per cent of first home buyers would benefit from the $4,000 grant, which will be available on property purchases of up to $400,000.
The previous cap to receive a stamp duty concession was for properties up to $250,000.
The new first home buyer stamp duty concession will take effect in respect of first home purchase contracts entered into as of yesterday.
Published: 06-06-08
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