The 2023 South Australia budget—delivered 15 June 2023—includes a proposal to abolish stamp duty for first home buyers who purchase a new home valued up to $650,000, or vacant land valued up to $400,000 to build a new home. The measure is proposed to become effective 15 June 2023.
- Partial reductions in stamp duty would be available under a phased approach up to $700,000 for a new home and $450,000 for vacant land…
Source: KPMG
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