Edward Lukac, South Australia's Archicentre spokesman said the cut in land tax, which will see the threshold rise from $100,000 to $300,000 before land tax is struck, is estimated to impact on some 75,000 current property investors.

"We believe this will provide a stimulus for existing investors to invest in renovations to lift the value of their properties and rent returns, and more people entering the market as property investors by purchasing properties needing renovation."

Mr Lukac said the land tax cut would also be of assistance to many people looking to fund their own retirement outside the superannuation maze of constant rule changes by investing in property.

"Many home owners are building up the equity in their own home by paying off the mortgage and renovating to lift the value of the home which can be sold to downsize, freeing up capital to invest in a rental property and create an income stream in retirement."

Mr Lukac said the foundation of successfully creating retirement wealth comes at the beginning when choosing the property to purchase or making the right decision on the renovation design to maximise the return for retirement savings.