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Properties eligible for stamp duty relief

If you are purchasing property in South Australia that will become your principal place of residence for at least 6 continuous months (within the relevant timeframe), you may be eligible for stamp duty relief for one of the following:

• a new home
• an off-the-plan apartment
• vacant land to build your new home on.

New home

A new home is a home that has been built but has not been previously occupied or sold as a place of residence. This includes houses, flats, duplexes, townhouses, apartments and substantially renovated homes.

For a substantially renovated home to be eligible, it must be purchased from a developer, who has undertaken substantial renovations, not just purely cosmetic changes. The developer must be registered for GST purposes for developing the property and claimed GST offsets on the renovations to the home and provide evidence of this.  See ATO Goods and Services Tax Ruling (GSTR 2003/3) for more information.

Off-the-plan apartment

An off the plan apartment is an apartment that has not yet been built and exists as a plan that is yet to be constructed or for which construction has commenced and where the work has not been substantially completed.

Vacant land to build your new home on

If you purchase vacant land with the intention to build a residential property, you may be eligible for stamp duty relief. You must build a fixed dwelling that is suitable as a place of residence and provides complete and permanent living facilities and provisions. Examples include a house, flat, unit, townhouse or apartment.

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Properties not eligible for stamp duty relief

Stamp duty relief is not available for:

• the purchase of an established home
• the purchase or construction of an investment property or holiday home
• knock down and re-build projects
• the purchase or construction of a property that is above the property value cap (for contracts entered into before 6 June 2024)
• the purchase or construction of movable dwellings such as tents, caravans or any other portable devices used for habitation
• the purchase or construction of non-habitable structures such as sheds, garages, or barns.

Established home

An established home is a property that has already been built and has previously been occupied or sold as a place or residence. Stamp duty relief is not available on the purchase of an established home.

Investment property or holiday home

Stamp duty relief for eligible first home buyers is not available for the purchase or construction of property intended to be used solely as an investment property or holiday home.

All applicants are required to occupy their property as their principal place of residence for a continuous period of least 6 months, commencing within 12 months after settlement (for a new or substantially renovated homes) or when the home becomes ready for occupation (for vacant land purchases).

After the residency requirement has been met, there are no restrictions on the use of the property relating to stamp duty relief for eligible first home buyers.

Knock down and re-build project

This includes where you:

• plan to knock down an existing home and rebuild a new home
• subdivide land, or plan to subdivide land with an existing home, and your new home is going to be built on one piece of the land.

Property value cap

Property value caps apply depending on the date you enter or entered into your contract.

For contracts entered into on or after 6 June 2024:

• No property cap applies.  There is no limit to the market value of the eligible property.

For contracts entered into between 15 June 2023 and 5 June 2024 you will not be eligible for stamp duty relief if the property purchased is:

• a new home that has a market value  is $700,000 or more
• vacant land that has a market value is $450,000 or more.

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