SA Stamp Duty: Mondus Advantage

Introduction

With South Australia’s groundbreaking decision to abolish stamp duty for all first time buyers who buy or build a new home, we at Mondus Capital find ourselves in an exciting position to empower you Australians in your journey toward homeownership. Announced as part of the 2024-25 state budget, this policy change aims to ease the financial pressures that come with the escalating house prices.
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Key Policy Change

Previously, the state offered a stamp duty exemption for homes valued up to $650,000, but the rising property values made this cap less effective over time. By removing the cap entirely, the government now opens up opportunities that can save first-time buyers up to $50,000 on a $750,000 purchase. While the intention is to aid an additional 1,200 first-time homeowners over the next four years, it's clear there's a need to bridge the gap further to meet the ongoing demand. Note that the Government is assisting in the reduction of stamp duty for first home buyers who buy a new build only, though not abolished it for established homes.
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Market Impact

The recent 14.4% growth in Adelaide's home values highlights the critical timing of this policy change. However, there are concerns that without the right support structures, the benefits of such policies might indirectly lead to higher property prices, benefiting builders and developers more than the buyers.
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How Mondus Capital Makes a Difference

At Mondus, we see South Australia’s new stamp duty abolition as a pivotal moment that complements our Own Your Future program. Our shared equity approach allows you, a first-time buyer, to bypass the traditional deposit, dovetailing perfectly with the removal of stamp duty. By eliminating these two substantial upfront costs, we significantly lower the barrier to homeownership.
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Our Partnership Model

Our model is designed not just to facilitate access to property but to foster a partnership. We invest alongside our homeowners, sharing the risks and rewards. This alignment ensures that we are equally invested in the success and appreciation of the property, making us true partners in the homeownership journey.
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Looking Forward

The elimination of stamp duty for all first time buyers who buy or build a new home is a significant stride toward making homeownership more accessible, but achieving true affordability is multifaceted. It requires innovative financing solutions like ours, combined with supportive government policies.
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Mondus Capital's Role

As we navigate these changes, our role at Mondus Capital becomes even more crucial. We’re here to help you not only get into your dream home sooner but to do so with financial confidence and stability. Through our shared equity model, we are redefining what it means to buy a home in today’s market, making your dream of homeownership a reality.
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Commitment to Inclusivity

Together with the state’s initiatives, we are committed to creating a more inclusive and sustainable housing market. At Mondus Capital, we’re excited about the future we are building with our homeowners—where everyone has the opportunity to own a piece of their future.
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