{"id":26548,"date":"2026-06-01T12:32:37","date_gmt":"2026-06-01T12:32:37","guid":{"rendered":"https:\/\/www.joshteague.com.au\/?p=26548"},"modified":"2026-08-11T14:03:02","modified_gmt":"2026-08-11T14:03:02","slug":"labors-cost-excuse-doesnt-add-up-8","status":"publish","type":"post","link":"https:\/\/www.joshteague.com.au\/index.php\/2026\/06\/01\/labors-cost-excuse-doesnt-add-up-8\/","title":{"rendered":"Labor cashing in on housing crisis"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\r\n\t\t\t\t\t\t
\r\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Labor cashing in on housing crisis<\/span> <\/h1> <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div><\/div>\r\n\t\t<\/section>\r\n\t\t\t\t
\r\n\t\t\t\t\t\t
\r\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t
\r\n\t\t\t\t\t\t

The Malinauskas Labor Government is raking in hundreds of millions of dollars in unexpected revenue as a direct result of skyrocketing Adelaide house prices.\u00a0<\/p>

New Valuer-General data shows the median metropolitan house price has surged to $975,000 – a staggering 13 per cent increase already this\u00a0financial year.\u00a0<\/p>

This means on\u00a0Adelaide’s median-priced home,\u00a0the amount of\u00a0stamp duty\u00a0collected by the government\u00a0has increased to $47,455, which is up from $41,405 at the start of the\u00a0financial year.\u00a0<\/p><\/div><\/div>

State Liberal Leader Ashton Hurn said the additional $6,000 in stamp duty is going from the pockets of South Australian families straight into the government\u2019s coffers.\u00a0<\/p>

“While South Australians are saving every spare dollar they can to afford a deposit, Labor is collecting thousands more in tax every time a family buys a home,”\u00a0Mrs Hurn said.\u00a0<\/p>

“This extra revenue should not be quietly\u00a0added to\u00a0the State Government’s bottom line. It should be returned to South Australians through meaningful stamp duty relief that helps more people achieve the dream of home ownership.\u201d\u00a0<\/p>

Shadow Minister for Housing Josh Teague said when\u00a0 the median house costs $110,000 more than it did\u00a0nine\u00a0months ago, every dollar of\u00a0additional\u00a0stamp duty revenue should be used to help buyers enter the market.\u00a0<\/p>

“The Government should be looking for ways to reduce the barriers to home ownership, not benefiting from them,”\u00a0Mr Teague said.\u00a0<\/p>

“Every extra dollar of stamp duty makes it harder for first home buyers and young families to get their foot in the door.”\u00a0<\/p>

Analysis of budget documents shows the amount of stamp duty collected by the State Government over the past three and a half years\u00a0is $927 million above projections.\u00a0<\/p>

Shadow Treasurer Ben Hood said this additional revenue has been generated not because the economy is stronger, but because home ownership is becoming more expensive.\u00a0<\/p>

“We are calling for the Treasurer to show where this windfall is going when he\u00a0delivers\u00a0the state budget on Thursday,\u201d\u00a0Mr Hood said.<\/p><\/div><\/div>\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div><\/div>\r\n\t\t<\/section>\r\n\t\t\t\t

\r\n\t\t\t\t\t\t
\r\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t
\r\n\t\t\t\t\t\t

The Malinauskas Labor Government is raking in hundreds of millions of dollars in unexpected revenue as a direct result of skyrocketing Adelaide house prices.\u00a0<\/p>

New Valuer-General data shows the median metropolitan house price has surged to $975,000 – a staggering 13 per cent increase already this\u00a0financial year.\u00a0<\/p>

This means on\u00a0Adelaide’s median-priced home,\u00a0the amount of\u00a0stamp duty\u00a0collected by the government\u00a0has increased to $47,455, which is up from $41,405 at the start of the\u00a0financial year.\u00a0<\/p><\/div><\/div>

State Liberal Leader Ashton Hurn said the additional $6,000 in stamp duty is going from the pockets of South Australian families straight into the government\u2019s coffers.\u00a0<\/p>

“While South Australians are saving every spare dollar they can to afford a deposit, Labor is collecting thousands more in tax every time a family buys a home,”\u00a0Mrs Hurn said.\u00a0<\/p>

“This extra revenue should not be quietly\u00a0added to\u00a0the State Government’s bottom line. It should be returned to South Australians through meaningful stamp duty relief that helps more people achieve the dream of home ownership.\u201d\u00a0<\/p>

Shadow Minister for Housing Josh Teague said when\u00a0 the median house costs $110,000 more than it did\u00a0nine\u00a0months ago, every dollar of\u00a0additional\u00a0stamp duty revenue should be used to help buyers enter the market.\u00a0<\/p>

“The Government should be looking for ways to reduce the barriers to home ownership, not benefiting from them,”\u00a0Mr Teague said.\u00a0<\/p>

“Every extra dollar of stamp duty makes it harder for first home buyers and young families to get their foot in the door.”\u00a0<\/p>

Analysis of budget documents shows the amount of stamp duty collected by the State Government over the past three and a half years\u00a0is $927 million above projections.\u00a0<\/p>

Shadow Treasurer Ben Hood said this additional revenue has been generated not because the economy is stronger, but because home ownership is becoming more expensive.\u00a0<\/p>

“We are calling for the Treasurer to show where this windfall is going when he\u00a0delivers\u00a0the state budget on Thursday,\u201d\u00a0Mr Hood said.<\/p><\/div><\/div>\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div><\/div>\r\n\t\t<\/section>\r\n\t\t\t\t

\r\n\t\t\t\t\t\t
\r\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t

While South Australians are saving every spare dollar they can to afford a deposit, Labor is collecting thousands more in tax every time a family buys a home.<\/p><\/blockquote>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div><\/div>\r\n\t\t<\/section>\r\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Click to view article…<\/p>\n","protected":false},"author":1,"featured_media":26641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-fullwidth.php","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[66],"class_list":["post-26548","post","type-post","status-publish","format-standard","has-post-thumbnail","category-latest_news","tag-environment"],"menu_order":0,"_links":{"self":[{"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=26548"}],"version-history":[{"count":5,"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26548\/revisions"}],"predecessor-version":[{"id":26645,"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26548\/revisions\/26645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/media\/26641"}],"wp:attachment":[{"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=26548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=26548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joshteague.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=26548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}