Stamp duty in SA is calculated on a sliding scale. For a property purchased at $500,000, stamp duty is approximately $21,330. At $700,000 it is approximately $32,330. At $900,000 it is approximately $43,830. At $1,000,000 it is approximately $48,830. Use the Lendology stamp duty calculator for a precise figure based on your purchase price and buyer type.
Eligible first home buyers purchasing a new home in SA pay zero stamp duty, with no property price cap for contracts entered into from 6 June 2024. This is a significant saving — a first home buyer purchasing a new $700,000 home saves approximately $32,330 in stamp duty compared to a non-eligible buyer.
Important: the stamp duty concession is not available for established (previously occupied) homes. It applies to new builds, off-the-plan purchases and house and land packages only. Source: RevenueSA.
In SA, stamp duty is typically paid at settlement. Your conveyancer calculates the amount and coordinates payment as part of the settlement process. If you are eligible for the first home buyer concession, this is confirmed before settlement — you do not pay stamp duty and then claim it back.
Jason and Steve are Adelaide mortgage brokers who give honest, free advice. No obligation.
The information on this page is general in nature and does not constitute financial advice. Given Finance Pty Ltd (t/a Lendology) ACN 624 144 501 is authorised under LMG Broker Services Pty Ltd ACL 517192.