Are you a first home buyer in SA who’s ready to make the leap into home ownership? This guide breaks down the First Home Owners Grant SA (also known as the South Australian First Home Buyers Grant) and the other grants and schemes available to help you buy or build your first home in South Australia:
These schemes apply whether you’re buying or building a new residential property, and eligibility generally requires you to move in as your principal place of residence within 12 months of settlement, whether you’re an owner builder or working with an approved agent. Australian citizens, permanent residents and eligible special category visa holders may qualify, and the South Australian government, together with the federal Australian Government, offers stamp duty relief for eligible first home buyers on top of the grant itself.
1. First Home Owner Grant (SA)
As a first home buyer in South Australia, you may be eligible for the First Home Owners Grant South Australia (also called FHOG SA or the First Home Owners Grant SA), offering up to $15,000 if you’re purchasing or constructing a new home. This is one of the most popular first home buyers grants SA has to offer, giving South Australian first home buyers valuable financial support to assist with the costs of acquiring your first property. Learn more about eligibility criteria and application details here.
2. Stamp Duty First Home Buyer Relief (SA)
In addition to the grant above, first home buyers in South Australia can benefit from reduced stamp duty through the Stamp Duty First Home Buyer Relief scheme. This initiative aims to lessen the financial burden by offering relief on stamp duty fees for eligible buyers. Explore how you can take advantage of this relief program here.
3. National Grants and Schemes
In addition to state-specific initiatives, several national programs are available to support first home buyers across Australia. These include:
- First Home Guarantee: Offers a 15% guarantee on the property purchase, eliminating the need for Lenders Mortgage Insurance (LMI). Learn more here.
- Family Home Guarantee: Assists eligible single parents and legal guardians with as little as a 2% deposit to purchase a home sooner. Details available here.
- Regional First Home Buyer Guarantee: Supports eligible home buyers in regional areas to enter the property market sooner. Explore the guarantee here.
- First Home Super Saver Scheme: Finally, this scheme allows eligible individuals to save for their first home within their super fund. Discover the scheme here.
With the First Home Owners Grant SA and the other schemes above, aspiring homeowners in South Australia can turn their homeownership dreams into reality sooner. Stay informed, explore your options, and seek guidance from relevant authorities or financial advisors to navigate the home buying process effectively. If you have questions about your eligibility or want to talk through your options, book a free call with our team — we’re here to help you every step of the way!