The 2023-24 State Budget, handed down today (15 June 2023) announces the following measures for first home buyers:

• The introduction of stamp duty relief for eligible first home buyers who enter into a contract to purchase a new home or vacant land to build a new home, on or after 15 June 2023.
• An increase in the property value cap for the first home owner grant from $575,000 to $650,000 for eligible first home buyers who enter into a contract on or after 15 June 2023.

Also announced was:

• A land tax reduction for eligible build-to-rent projects where construction commences on or after 1 July 2023.
• Changes to allow RevenueSA to issue individual Notice of Emergency Services Levy Assessments to lessees of privately leased shack sites, relieving the difficulties previously experienced by shack site group owners of apportioning, collecting and paying the emergency services levy.

More details about these measures are available on our State Budget Updates page.