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.
The above will not apply for investment properties. If you are a first home buyer, you may be eligible for additional concessions.
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 $187 for the 2023-2024 financial year.
As of 15 June 2023, first home buyers in South Australia are able to claim stamp duty exemptions or concessions, depending on the value of the property. This is also referred to as First Home Buyer Stamp Duty Relief.
This stamp duty relief applies to homes under $700,000. For properties under $650,000, a full stamp duty exemption applies on residential housing. For properties between $650,000 and $700,000, a concessional rate applies, which reduces the amount of stamp duty paid. Thresholds do differ for vacant land.
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 properties under $650,000.
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.
The calculator on this website is provided for your information only and is to illustrate scenarios. The calculator results are intended as a guide only and are an estimate or approximate guide only, based on the information you input. The calculator should not be relied upon for the purposes of entering into any legal or financial commitments.
The results should not be taken as a substitute for professional advice, and do not constitute professional advice. You should consider seeking independent legal, financial, taxation or other advice for your unique circumstances.
All reasonable care has been taken in preparing and designing the calculator; however, OwnHome Services Pty Ltd provides no warranties and makes no representation that the information provided by the calculator is correct, appropriate for your particular circumstances, or indicates you should follow a particular course of action. Calculations are for buying owner-occupied homes, and do not apply to land nor to investment properties. Other fees and charges may also apply.
OwnHome Technologies Pty Ltd is a related body corporate of OwnHome Services Pty Ltd ACN 664 492 059, ABN 77 648 597 184, which is a corporate authorised representative (#547794) of Allied Financial Consulting Pty Ltd, ACL 393845.