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Better Housing for South Australians

The State Government is creating a better housing future for all South Australians

The State Government has introduced a series of measures as part of its commitment to improving housing outcomes for people in South Australia.

This includes:

Abolishing stamp duty for thousands of eligible first home buyers building or buying a new home.

Eligible first home buyers purchasing a new property valued up to $650,000 will have stamp duty abolished, with relief progressively phased out for new homes valued up to $700,000. Stamp duty will also be abolished for eligible first home buyers on the purchase of vacant land on which a new home will be built valued up to $400,000, with relief phased out for land valued up to $450,000. All new-build HomeSeeker SA properties and vacant allotments are priced under the thresholds to access the stamp duty relief.

Largest ever land release for new homes, which is expected to open the door for more than 50,000 South Australians both north and south of the city.

The State Government is fast tracking the largest release of land for new homes in the State's history, with plans in place to improve infrastructure around these new developments. Over 25,000 homes will be built on land at Hackham, Sellicks Beach, Dry Creek and Concordia, Noarlunga Downs, Aldinga and Golden Grove.

More right for renters, including more affordable bonds and a ban on rent bidding to help ease soaring rental prices.

The Government is taking action to ban the practice of rent bidding. Landlords and their agents will no longer be able to advertise properties with a rent range, put properties up for rent auction, or solicit offers over the advertised rental price. The bond threshold has also been raised from $250 to $800 to ensure that, for the majority of rental properties in South Australia, only a four-week bond will be required, reducing the upfront costs for tenants by between $500 and $1,600, depending on the amount of rent they are paying.

 

Visit betterhousing.sa.gov.au to learn more.