The South Australian Government has recently announced a game-changing policy for first home buyers: the abolition of stamp duty for eligible new home purchases and land intended for new builds. This initiative is expected to drive significant growth in the housing market, particularly in the construction sector. At Licensing Advice, we see this as an excellent opportunity for builders and tradies to capitalise on the increased demand for new homes.

Key Highlights of the Announcement:

• Full abolition of stamp duty on new homes valued up to $650,000, with phased relief up to $700,000.
  
• Stamp duty relief on vacant land valued up to $400,000, phasing out at $450,000.
  
• Increase in the property value cap for the $15,000 First Home Owner Grant to $650,000.
  
• Estimated assistance for around 3,800 first home buyers each year.
  

What Does this mean for Tradies?
Increased Demand for New Builds
With stamp duty abolished, more first home buyers will be incentivised to enter the market, particularly those looking to build new homes. This surge in demand will create a significant need for licensed builders and tradies to undertake these new projects.
Licensing Opportunities
Given the expected increase in construction projects, now is the perfect time for unlicensed builders and tradies to secure their licenses. Being licensed not only ensures compliance with regulations but also enhances credibility and opens up more opportunities for work.

How Licensing Advice Can Help

1. Expert Licensing Guidance
Navigating the licensing process can be complex and time-consuming. Our team of specialists is here to simplify the process, providing you with expert advice and handling all the paperwork to ensure your application is successful.
2. Maximise Your Business Potential
By obtaining your builder or trade license, you position yourself to take full advantage of the upcoming boom in new home builds. Don't miss out on the chance to grow your business and meet the increased demand.
3. Tailored Support
Whether you’re a seasoned builder looking to expand your operations or a tradie just starting out, we offer personalised support to meet your specific needs. Our goal is to help you get licensed quickly and efficiently, so you can focus on what you do best – building homes.