First homebuyers who purchase or build new homes won't have to pay stamp duty from Thursday under an expansion of the South Australian government's existing scheme. It's part of a pre-budget housing push, with the government also announcing just under 2,000 new dwellings will be built across Adelaide's west and south. But there's some angst from public housing tenants who've been told they'll have to move out of their homes to make way.
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TVTranscript
00:00 The face of development in Adelaide's west.
00:05 Well a lot of the people around here like us who don't want to move out of this area.
00:10 For almost 20 years Alan Dixon and his wife have called Seton home.
00:14 On Monday they received a letter telling them they'll be moved out of their housing trust property.
00:20 I don't feel too good about it, very much so. Neither does my wife.
00:25 About 340 Seton households will be shifted from their publicly owned homes to make way for about 1,300 new dwellings.
00:34 We'll be going stage by stage, basically block by block, working with tenants, getting them into more appropriate accommodation.
00:43 The government says while more than 380 housing trust properties will go, the same number will be replaced in the new build.
00:51 The development will cost taxpayers $425 million.
00:56 An additional $150 million will be spent developing vacant land at Norlunga.
01:02 That collectively will result in 1,900 new homes, a significant parcel of which will be for public housing,
01:09 and another parcel of which will be for affordable homes on the private market.
01:13 It comes as the state government tries to address ongoing housing problems in this week's budget.
01:19 Stamp duty will be abolished for first home buyers purchasing or building a new home.
01:25 Last year's cap on relief scrapped, meaning all first home buyers will be eligible.
01:30 This is one of the biggest shake-ups and tax reductions that we've seen when it comes to the cost of building and land in our state in its history.
01:37 The opposition says the government should offer a package to help people purchase existing properties too.
01:43 We believe that providing relief, we suggested $10,000, that will remain the policy we now take to the next election.
01:51 The government says that move would just add to prices.
01:54 [BLANK_AUDIO]