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SA first home buyers granted stamp duty relief

Staff Reporter 1 minute read

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

SA first home buyers granted stamp duty relief
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