Why South Australians Are Staying Put

South Australians are holding homes for longer as rising transaction costs, limited housing supply and market uncertainty make moving increasingly difficult. Stamp duty has become a major barrier because tax brackets have not kept pace with property prices. Selling a $1 million home and buying a $1.5 million property can create more than $120,000 in combined selling costs and stamp duty, often making renovation more attractive than relocating. Owners also fear selling before securing another home, being priced out during a rising market, carrying two properties or failing to find a rental. Offers conditional on selling an existing home are often less competitive. Downsizing can be equally costly, with stamp duty, moving expenses and replacement-home prices reducing or eliminating the expected financial benefit. Staying may be more practical, particularly when gardening or maintenance support costs less than moving. Long ownership periods can also indicate strong suburbs and desirable homes. Decisions should ultimately reflect finances, safety, lifestyle, personal identity and emotional connection rather than age or pressure to sell.