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By: Kristina Popova, David Mullins
05 Jun 20264 min read
Net debt is estimated at $34.7b in 2025-26 and is forecast to rise to around $53.7b by 2029-30, largely driven by funding for major infrastructure projects and long-term investments.
While the labour market remains strong, employment growth is forecast to slow to around 1 per cent per year through to 2029-30, after recording 3.25 per cent in 2025-26.
Inflation remains above the target range but is expected to ease and return to the RBA’s 2-3 per cent target band by mid‑2027.
The South Australian Government revenue measures focus on improving housing accessibility, particularly for downsizers and vulnerable individuals.
The Government is progressing with its election commitment to provide stamp duty relief for eligible downsizers of property. Under the concession, stamp duty relief of up to $103,830 for individuals aged 60 years and over who sell (or have sold) their principal place of residence, and downsize to a replacement property with a smaller land size is available.
The relief applies where the replacement property is a newly built home, an off the plan apartment, or vacant land on which a new home will be constructed. Eligibility applied to contracts entered into on or after 25 March 2026.
Full relief is available where the dutiable value does not exceed:
Partial relief applies where the dutiable value is:
The Government has introduced a new ex gratia scheme providing stamp duty relief to support victim-survivors seeking to re-establish themselves in secure, independent housing through building another home or purchasing an existing home.
Under the scheme:
The 2026-27 Budget does not introduce any changes to the existing first home buyer regime. The First Home Owner Grant remains at $15,000 for eligible new homes, and the full stamp duty exemption for eligible first home buyers purchasing or building new residential properties remains unchanged.
If you wish to discuss the above budget announcements, please reach out to a Grant Thornton Partner today.
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Proposed changes to discretionary trust taxation in the 2026–27 Federal Budget could drive restructures – but stamp duty risks may be significant. Explore key considerations before transferring assets.
