South Australia's Labor government has pledged to abolish stamp duty for downsizers aged 60 and over who sell their existing home and purchase a newly built property or apartment worth up to $2 million. The scheme aims to release at least 2,000 larger homes into the market over four years for growing families whilst incentivising new housing construction. Premier Peter Malinauskas defends the $70 million policy cost, arguing it creates new housing supply rather than driving up prices on existing stock like the opposition's alternative plan.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

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From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

South Australia offers $100,000 stamp duty saving for downsizers

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