Save thousands on Stamp Duty by building a new home

The South Australian Government will tax any purchase of property with the Stamp Duty tax; whether it is a vacant block of land or an established residential house.
It is a compulsory tax, however if you buy a vacant block of land and build on it, you only pay Stamp Duty on the land value. If you buy an established or fully constructed residential home you will be required to pay Stamp Duty on the entire value.

How much of a difference in cost is this going to be?

Let’s think about this is

• If you buy an existing house for $320,000 in Munno Para, the Stamp Duty is $12,330.
• If you buy a House and Land Package in Almond Grove at Munno Para, you only pay Stamp Duty on the land value of $140,000, a cost of $4,430. That’s a saving of $7,900!

Calculate your Stamp Duty on this page provided by the SA Government