Stamp duty in South Australia
If you're buying residential property in South Australia, you might need to pay stamp duty - but there's relief for first home buyers.
Key takeaways
- Stamp duty is a form of tax you'll likely need to pay when you buy property in South Australia.
- It is payable by owner occupiers, investors and first home buyers, but there are concessions available for some first home buyers.
- Stamp duty cane become tens of thousands of dollars so it's worth calculating the cost before you're caught out.
How much is stamp duty in South Australia?
In South Australia, stamp duty is calculated on a sliding scale based on either the value of the property (including improvements) or the sale price (including GST), whichever is greater. This includes vacant land that is in a residential zone, even if there's no dwelling or plans to build one.
| Value of property | Stamp duty payable |
|---|---|
| Less than $12,000 | $1.00 for every $100 (or part of) |
| Between $12,000 and $30,000 | $120, plus $2.00 for every $100 over $12,000 |
| Between $30,000 and $50,000 | $480, plus $3.00 for every $100 over $30,000 |
| Between $50,000 and $100,000 | $1,080, plus $3.50 for every $100 over $50,000 |
| Between $100,000 and $200,000 | $2,830, plus $4.00 for every $100 over $200,000 |
| Between $200,000 and $250,000 | $6,830, plus $4.25 for every $100 over $200,000 |
| Between $250,000 and $300,000 | $8,955, plus $4.75 for every $100 over $250,000 |
| Between $300,000 and $500,000 | $11,330, plus $5.00 for every $100 over $300,000 |
| More than $500,000 | $21,330, plus $5.50 for every $100 over $500,000 |
When is stamp duty payable?
Stamp duty is payable at settlement, when the property transfers to your name. If you don't pay on time, you may be hit with penalty tax and interest, which can be a considerable sum. You, or your conveyancer, can download the required documents from the Revenue SA website to ensure you have your stamp duty determined and paid on time.
Finder survey: What do Australians think is the biggest hurdle to getting a home loan?
| Response | |
|---|---|
| The deposit | 41.55% |
| Getting approved for a loan with a good interest rate | 25.09% |
| Finding the right property | 14.12% |
| Getting a loan without typical employment | 9.35% |
| Nothing - I do not think there are hurdles | 5.94% |
| Previous debts | 3.33% |
| Other | 0.63% |
Source: Finder survey by Pure Profile of 1112 Australians, December 2023
Stamp duty calculator
Use our stamp duty calculator to estimate your costs. Just set the state to SA before entering your details. Note that this is an estimate and may not reflect your actual costs.
Our expert says: Foreign buyers no longer get relief
"Foreign buyers wanting to purchase property in South Australia won't get the same relief they used to.
The Foreign Ownership Surcharge is added on to the payable duty for any overseas buyers. Previously, some relief was available for foreign residents buying their first property in SA. This is no longer available.
If you're not an Australian citizen or permanent resident, you need to calculate the full cost of the stamp duty plus the Foreign Ownership Surcharge to understand how much you'll need to pay."
Stamp duty concessions for first home buyers
First home buyers in South Australia do not need to pay stamp duty as long as they are buying a new home or off-the plan apartment, or vacant land.
The eligibility criteria is similar to that of the First Home Owner Grant (FHOG), so you may be eligible for both the $15,000 grant and stamp duty relief.
How much will I pay in stamp duty?
| Value of property | Stamp duty payable | Stamp duty for first home buyers |
|---|---|---|
| $500,000 | $21,330 | $0 |
| $600,000 | $26,830 | $0 |
| $700,000 | $32,330 | $0 |
| $800,000 | $37,830 | $0 |
| $900,000 | $43,330 | $0 |
More questions about South Australia stamp duty
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