Australia: Indirect tax measures in 2023 budget (South Australia)

The 2023 South Australia budget includes a proposal to abolish stamp duty for first-time home buyers who purchase a new home valued up to $650,000.

Indirect tax measures in 2023 South Australia budget

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.
  • The stamp duty relief measures would not be available on the purchase of an established home. 

In addition, the budget mentioned a proposal to reduce the 50% land tax for eligible new build-to-rent housing projects but did not provide any further details at this stage.

The budget also included land tax, stamp duty, and emergency services levy relief for those affected by the Murray River flood.

For more information, contact a KPMG tax professional in Australia:

Jenny Lee |

Dihan Fernando |


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