First home owner grant
Free Credit Score Monitoring
Take control of your money. Your credit score represents your financial reputation and borrowing power to banks. Know yours today.
Stamp duty in South Australia (SA), also known as transfer duty, is a state government tax applied to the sale or transfer of many personal and business-related assets, most commonly real estate.
Stamp duty in South Australia is calculated on a sliding scale based on the property value. In SA, only first-home buyers get concessional rates for properties under a nominated threshold.
Stamp duty costs in SA will vary depending on:
|Purchase price of property||Stamp duty payable|
$0 - $12,000
$1 for every $100 or part of $100
$12,001 - $30,000
$120, plus $2.00 for every $100 or part of $100 over $12,000
$30,001 - $50,000
$480, plus $3.00 for every $100 or part of $100 over $30,000
$1,080, plus $3.50 for every $100 or part of $100 over $50,000
$2,830, plus $4.00 for every $100 or part of $100 over $100,000
$6,830, plus $4.25 for every $100 or part of $100 over $200,000
$8,955, plus $4.75 for every $100 or part of $100 over $250,000
$11,330, plus $5.00 for every $100 or part of $100 over $300,000
$21,330, plus $5.50 for every $100 or part of $100 over $500,000
|Property price||Owner-occupier stamp duty||Investment stamp duty|
|Property value||First-home buyer stamp duty payable|
$0 - $650,000
Property buyers (individuals or business) or whoever receives the asset (even as a gift) pays stamp duty in SA (unless an exemption applies). Keep in mind that stamp duty is an upfront cost you need to budget for on top of your deposit, property price, conveyancing and insurance.
Luckily, most lenders allow you to increase the principal amount of your home loan to account for stamp duty. This will increase your home loan repayments. If you're buying a property with the help of a conveyancer, they may take care of the paperwork and lodge the payment with the revenue office on your behalf.
In SA, stamp duty is payable at or before settlement — when the property is legally transferred to your name.
Stamp duty can be paid by direct deposit, cheque, credit card, and other major payment options. In most cases, you'll receive a notice from RevenueSA or another finance department delivered to the address of the purchased property or via email. This letter will often contain:
South Australia has fewer stamp duty concessions or exemptions than other states and territories. However, there are some typical exemptions, including:
First-home buyer exemption: Full stamp duty exemption applies for first homes valued under $650,000 or vacant land under $400,000. There’s also a $15,000 first-home buyer grant in SA that may help further reduce the cost of buying a home.
Transfers between domestic partners: Stamp duty exemptions apply for transfers of primary residence between spouses or former spouses.
Transfers from a deceased estate: Full exemptions apply to transfers of property to a beneficiary, executor or administrator of a deceased estate.
Farming land exemption: Exemptions may apply when transferring primary production land between family members and/or their trustees.