SA stamp duty calculator

Question 1

What is the current stamp duty rate in South Australia?

Answer

Stamp duty in SA is calculated on a sliding scale according to your property value.

For properties under $200,000, a concessional rate applies to properties that are either owner-occupied or business assets.

The table below shows the rates for owner-occupied properties, taking into account this concessional rate.

Property values	Stamp Duty (Transfer Duty) Rate
$12,000 or less	$1.00 for every $100 or part of $100
$12,000 to $30,000	$120 plus $2.00 for every $100 over $12,000
$30,001 to $50,000	$480 plus $3.00 for every $100 over $30,000
$50,001 to $100,000	$1,080 plus $3.50 for every $100 over $50,000
$100,001 to $200,000	$2,830 plus $4.00 for every $100 over $100,000
$200,001 to $250,000	$6,830 plus $4.25 for every $100 over $200,000
$250,001 to $300,000	$8,955 plus $4.75 for every $100 over $250,000
$300,001 to $500,000	$11,330 plus $5.00 for every $100 over $300,000
Over $500,000	$21,330 plus $5.50 for every $100 over $500,000

The above will not apply for investment properties. If you are a first home buyer, you may be eligible for additional concessions.

Question 2

What are transfer fees and mortgage registration fees?

Answer

The government charges additional fees for land purchases and mortgages.

Transfer registration fees, also known as transfer fees, are charged for registering your interest in the property. In SA, the transfer fee is calculated according to your property value.

Mortgage registration fees are also necessary if you are buying using a home loan. This is a flat fee, which is $192 for the 2024-2025 financial year.

Question 3

As a first home buyer, do I get a concessional rate?

Answer

As of 15 June 2024, first home buyers in South Australia are able to claim stamp duty exemptions or concessions for new homes, without any property value caps. This is also referred to as First Home Buyer Stamp Duty Relief.

Previously in 2023-2024, stamp duty relief only applied to homes under $700,000.

The eligibility criteria include:

At least one applicant must be an Australian permanent resident or citizen, or a New Zealand citizen living in Australia on a Special Category Visa
Applicants must be at least 18 years old
All applicants must not have previously owned property for longer than 6 months
All applicants must not have previously received a first home buyer stamp duty concession in any other state or territory
Companies and trusts are not eligible, unless a legal disability exists.

You may also be eligible for a once-off First Home Owner's Grant, for new homes under $650,000.

Question 4

Do I have to pay a surcharge as a foreign owner in South Australia?

Answer

Yes, South Australia has a foreign purchaser surcharge. This is in addition to standard stamp duty rates. Foreign purchaser duty is calculated as 7% of the property value.

You are not considered a foreign owner if you are any of the following:

an Australian citizen
a permanent resident
a New Zealand citizen with a special category visa.

In South Australia, if you are a foreign owner jointly purchasing with your non-foreign owner partner, you are still required to pay the 7% surcharge on your part of the property.

If you get Australian PR or become a citizen within 12 months of paying the surcharge, you may be eligible for a refund.

Please note that you may be subject to other costs in addition to this surcharge.

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