The State Government has helped thousands of South Australians buy or build a new home over the past year, providing $120.1 million in stamp duty relief and First Home Owner Grants.

In the 2024-25 State Budget, the Government abolished stamp duty for all first homebuyers who buy or build a new home, and extended the First Home Owner Grant by removing the $650,000 property value thresholds.

Over the past financial year, $73.5 million in stamp duty relief was provided to 3,705 households who purchased a new home or vacant land, compared with $39.2 million in 2023-24.

There was also $19.3 million more paid in First Home Owner Grants in 2024-25, compared with previous financial year.



The average age of those accessing stamp duty relief and the First Home Owner Grant is 32 years old.

The median value of a new home purchased by a first homebuyer last financial year was $766,000 and the median stamp duty relief provided was $36,000.

When combined with the First Home Owner Grant of up to $15,000 it means the average first home owner buying or building a new home was $51,000 better off last financial year.

Abolishing the stamp duty on new homes only will encourage more South Australians to build, which will boost housing supply and moderate price growth.

According to the Australian Bureau of Statistics (ABS), more new homes are now being built. The number of dwellings under construction is 6 per cent higher than a year ago, while dwelling commencements are up 33 per cent year on year.