SOUTH AUSTRALIA

GUIDE TO FIRST HOME OWNER ASSISTANCE

LEARN ABOUT THE ASSISTANCE

The South Australia First Home Owner Grant (SA FHOG) is a South Australia state government initiative to help first home owners to get their ‘new’ first home sooner. It is an amount of money paid by the South Australian government to eligible first home owners.

Learn more about the SA FHOG as well as other South Australian government assistance measures for first home buyers below.

The SA FHOG is currently $15,000 for eligible first home buyers. It 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.

In addition, should you purchase an off-the-plan apartment and sign the contract between 22 June 2017 and 30 September 2017 you may also be eligible for a new $10,000 pre-construction grant. Ask your FHBA Coach for details.

Important Tip: Grants and Concessions tend to change at short notice, therefore please double check with your State government what is available in your area before buying your first home!

First home buyers are generally eligible for the SA FHOG if:

  • At least one of the applicants must be an Australian citizen or have permanent residency in Australia. Some NZ Visa holders may also be eligible.
  • All applicants must not have previously owned a residential property anywhere in Australia prior to 1 July 2000.
  • All applicants must not have owned a residential property anywhere in Australia on or after 1 July 2000 and occupied that property continuously for six months or more.
  • All applicants must occupy the home purchased or built as their principal place of residence for a continuous period of at least six months commencing within 12 months after completion of the eligible transaction.
  • Each applicant must be a natural persons (i.e. not a trustee or company).
  • Each applicant must be at least 18 years of age at the time of making application for the FHOG.
  • The market value of the home is $575,000 or less
  • If you’re building your first home, the sum of the building contract and the land value is taken into account.
  • The property must meet the definition of being a ‘new’ home.

Any new fixed dwelling that is suitable as a residence, for example, a single dwelling, duplex, flat or townhouse. FHOG is not available in relation to renovations to an existing building or the purchase of vacant land.
Owner builders can apply for FHOG after the foundations have been laid and must apply within 12 months of the property being ready for occupation. There is no specific timeframe to complete construction of the home.

If you purchase an off-the-plan apartment between 20 June 2016 and 30 June 2018, you may be eligible for a partial stamp duty concession (called the ‘Off-the-Plan Concession’). There are two parts to the calculation of this concession:

  • First Part: Where the value is less then $500,000 the size of the concession is greater then where the value of the home is greater then $500,000.
  • Second Part: The stage of completion of the residential development. There are 6 different stages.

For details please visit the Revenue SA website or speak to an FHBA Coach. 

Applying for the FHOG and / or various duty concessions can be a little tricky. While you can check eligibility and apply online by yourself, we recommend you apply through the assistance of one of our FHBA Mortgage Brokers.

Our FHBA Mortgage Brokers are not only experts at finance matters such as home loans and the FHOG, but they are also experts in helping first home buyers everyday. Our service is free of charge (should you proceed with a home loan option through us). We can check your eligibility, apply on your behalf and be with you every step, providing you with peace of mind that you haven’t missed anything.

  • To learn more about our FHBA Mortgage Broking service and have one of our experts assist you with your application, please visit our FHBA Mortgages home page.
  • To apply online by yourself visit the SA Government website and follow their instructions carefully.

As Australia’s premier first home buyer organisation we have access to hundred’s of FHOG eligible homes, from house & land packages through to townhouses, apartments and more.

Called FHBA New Homes, our new homes search service involves us connecting you with leading property developers, builders and real estate experts to help you find and secure your first home. Meanwhile, your FHBA Coach stay’s by your side every step of the way.

Plus, if you purchase your FHOG eligible home through our FHBA New Homes service you could be eligible for the FHBA 50 Rebate (in addition to any government entitlements you may be eligible for such as the FHOG!).

If you haven’t been introduced to an FHBA Coach yet send us an email ([email protected]) or complete the enquiry form and one of our friendly FHBA Coaches will be in touch to provide you with a free Discovery Session.

If you are thinking of purchasing an existing home then unfortunately you will not be eligible for the SA FHOG or transfer duty concessions.

If you would like assistance with purchasing an established home we recommend you book in a free consultation with an FHBA Coach. At FHBA we can assist with your financing, searching and negotiating needs (+ a whole lot more!)

CHECK ELIGIBILITY FOR GOVERNMENT INCENTIVES

FHBA’s new & innovative Eligibility Estimator allows you to self-estimate how your savings are tracking and whether you have enough saved to qualify for a home loan. Upon completion, we will instantly send you a complimentary Australian Property Monitors Postcode Report (Valued at $39.95)

Check how your tracking in 60 seconds!

Disclaimer: The FHBA Eligibility Estimator is intended as an approximate guide only. It uses a mixture of the data you input, median property prices from APM PriceFinder and estimated purchasing costs. You should not rely on the results of the Eligibility Estimator. Please contact an FHBA Coach who can arrange a more comprehensive estimate and advice based on your personal circumstances from a licensed professional.

We Need A Few Of Your Details

To see if your current savings are enough to buy in your selected suburb and to send you a complimentary FHBA Australian Property Monitors (APM) comprehensive postcode report for your selected suburb

Do you wish to capitalise LMI? i.e. add it to your loan (if your deposit is less than 20%)

Deposit Guide

  • 5%

    Deposit Amount:

    Lenders Mortgage Insurance:
    (Indicative Only)

    Stamp Duty:
    (Indicative Only)

    Mortgage Reg. Fee:

    Transfer Fee:

    Other Costs: $ 3,000

    Total Deposit + Costs Required:

    Your Current Savings:

    First Home Owner Grant:

    Total Funds Available:

    Surplus / (Deficit):

    The following amount will be capitalised onto the loan
    Lenders Mortgage Insurance:
    (Indicative Only)

  • 10%

    Deposit Amount:

    Lenders Mortgage Insurance:
    (Indicative Only)

    Stamp Duty:
    (Indicative Only)

    Mortgage Reg. Fee:

    Transfer Fee:

    Other Costs: $ 3,000

    Total Deposit + Costs Required:

    Your Current Savings:

    First Home Owner Grant:

    Total Funds Available:

    Surplus / (Deficit):

    The following amount will be capitalised onto the loan
    Lenders Mortgage Insurance:
    (Indicative Only)

  • 20%

    Deposit Amount:

    Lenders Mortgage Insurance:
    (Indicative Only)
    Nil

    Stamp Duty:
    (Indicative Only)

    Mortgage Reg. Fee:

    Transfer Fee:

    Other Costs: $ 3,000

    Total Deposit + Costs Required:

    Your Current Savings:

    First Home Owner Grant:

    Total Funds Available:

    Surplus / (Deficit):

    The following amount will be capitalised onto the loan
    Lenders Mortgage Insurance:
    (Indicative Only)
    Nil

5%

10%

20%

Deposit Amount

Lenders Mortgage Insurance
(Indicative Only)

NIL

Stamp Duty
(Indicative Only)

Mortgage Reg. Fee

Transfer Fee

Other Costs

$ 3,000

$ 3,000

$ 3,000

Total Deposit + Costs Required

Your Current Savings

First Home Owner Grant

Total Funds Available

Surplus / (Deficit)

The following amount will be capitalised onto the loan

Lenders Mortgage Insurance
(Indicative Only)

NIL

ARE YOU READY TO GET STARTED?

Do you want to know more about how FHBA can assist you in achieving your Great Australian Dream of home ownership?

FHBA 50 REBATE

 Giving back to eligible first home buyers

SEARCH FHOG HOMES

We have 500 + projects to choose from

ESTABLISHED HOMES

Get stamp duty exemptions or concessions

TALK TO AN EXPERT

At FHBA we are passionate about helping aspiring first home buyers purchasing their first home.

We can help you with your first home search, home loan needs, grant applications and/or any questions you may have.

Complete the form below for an obligation free Discovery Session with an FHBA Coach.

Disclaimer: The information above is general in nature and should not be solely relied on. The source of this information was the Revenue SA website. This factual information was true at the time of writing (last updated 4 July 2017). FHBA recommends you speak with a licensed professional about your circumstances so you can find out if you are eligible for any Government assistance. FHBA does not recommend that you buy a new property simply so you can receive Government assistance. For more information on using our website please read our full Terms & Conditions policy.

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