Master Builders SA is committed to delivering a strong and productive building and construction industry and South Australian economy:
In October 2018, in response to ten consecutive months of declining building approvals for private sector houses, Master Builders SA released “Make Housing Great Again”, our five point plan to improve affordability and protect jobs in the industry.
One of the key recommendations was a stamp duty exemption for first homebuyers on new builds up to the median house price, with a long-term view to complete abolition on new builds.
Master Builders SA engaged respected management consultancy Hudson Howells to conduct an investigation into the financial and economic impacts of stamp duty exemptions on new house/land packages, and state taxation generated from the housing sector associated with a potential stamp duty reduction.
The report, available here, shows that abolishing stamp duty on newly built homes would:
We are working with the Marshall Government to adopt our five point plan.
For any further information in regards to policy and advocacy please contact Will Frogley, Director, Policy and Communications at firstname.lastname@example.org or call 0422 052 728