Clementine Cooke-Hall and Jordan Armstrong say costs are keeping young people from buying their first home. (ABC News: Briana Fiore)
The Property Council in SA says the government should consider waiving stamp duty for first home buyers purchasing established homes.
South Australia, Tasmania and the Northern Territory do not offer stamp duty concessions for first home buyers on houses that are not new.
The Property Council is calling for stamp duty reviews and young people fear they are bearing the brunt of the housing crisis.
First home buyers in three Australian jurisdictions are being slugged tens of thousands of dollars in taxes when buying established homes, as a property industry lobby says now is the time for concessions.
South Australia, Tasmania and the Northern Territory are the only Australian states that do not offer stamp duty waivers or concessions on houses that are not new.
According RevenueSA's stamp duty calculator, a $700,000 established home in SA would cost a first home buyer an additional $32,330 in taxes.
Bruce Djite, South Australian executive director of the Property Council, said stamp duty concessions for established homes should definitely be on the government's agenda now.
"On the back of the federal budget changes recently, clearly investors have vacated the space when it comes to established dwellings, so I think the state government absolutely should look at pulling all levers, as they always tell us, here's a lever that is yet to be pulled," he said.
"Investors aren't buying existing stock, that market has really gone dormant and what a great opportunity for first home buyers to be able to buy something where they've grown up, where their jobs are, where their family is."
Bruce Djite says the South Australian government should allow first home buyers to get stamp duty relief on established houses. (ABC News: Dan Taylor)
SA housing minister Nick Champion said he was against a policy change as adding more demand to existing homes was "an incredibly foolish thing to do".
"It would be idiotic to do that, what we do is give tax concessions to new builds," Mr Champion said.
Architecture student Clementine Cooke-Hall, 20, was in support of the stamp duty change and said buying a house in Adelaide was "out of the question for most young people".
"If you are on welfare benefits, there would be almost no properties in the entire country that you could afford," she said.