Government grants & incentives

There are a range of State Government and Federal Government grants and incentives that may assist the purchase of your new property in the city.

HomeStart Finance

HomeStart is a State Government organisation that is focused on providing home loans for South Australians. It’s primary aim is to make home ownership a reality for more people in more ways.

HomeStart has a range of innovative loans such as the Graduate Loan, Low Deposit Loan and Shared Equity Loan, that reduce upfront costs to increase borrowing power.

It has also recently introduced a Starter Loan, a secondary loan taken out with a primary HomeStart loan to help cover the upfront costs such as Stamp Duty.

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State Government grants

First Home Owner Grant

The First Home Owner Grant (FHOG) is paid by the State Government to eligible first home owners.
FHOG applies to the purchase or construction of a new residential property, including a house, flat, unit, townhouse or apartment that meets local planning standards anywhere in South Australia.

The residential property must be occupied as each applicants' principal place of residence for a continuous period of at least six months commencing within 12 months of date of settlement for contracts to purchase, or the date construction is completed for owner builders or contracts to build.

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Federal Government grants

HomeBuilder Grant

The HomeBuilder Grant of $25 000 is available to eligible owner-occupier(s) (including first home buyers) who build a new home,substantially renovate an existing home, or buy an off the plan/new home, where the contract is signed between 4 June 2020 and 31 December 2020 inclusive.

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First Home Super Saver Scheme

The FHSS scheme allows you to save money for your first home inside your superannuation fund. This will help first home buyers save faster with the concessional tax treatment of super.

You can use this scheme if you are a first home buyer and both of the following apply:

  • You either live in the premises you are buying, or intend to as soon as practicable.
  • You intend to live in the property for at least six months within the first 12 months you own it, after it is practical to move in.

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