It's not often that we can say the government has lent us a helping hand via some free cash. But that's exactly what the First Home Owner Grant (FHOG) offers to eligible first home owners in South Australia.
Whether you're ready to get out of the rental market, your family home, or just want to achieve the Australian dream of homeownership, the $15,000 FHOG could lead you in the right direction.
How much is the First Home Owner Grant in SA?
The SA FHOG offers eligible first home buyers a grant of up to $15,000 towards the purchase or construction of a new residential home.
The property value limits depend on when you signed your contract.
If your contract was signed on or after 6 June 2024, there are no limits on the property's market value to qualify. You can purchase any eligible property regardless of its price.
For contracts signed between 15 June 2023 and 5 June 2024, stamp duty relief is not available if the new home's market value is $700,000 or more, or the vacant land's market value is $450,000 or more.
There is only one grant available per property transaction. So if you're married or in a de-facto relationship, you will only be eligible for one $15,000 payment.
If you are purchasing an established home, you will not be eligible for the grant - unless the home has been substantially renovated, e.g. significant structural renovations to most of the property.
Does the FHOG count towards a deposit?
As there are no requirements as to how you use the grant, you can put the $15,000 FHOG towards your deposit. But, it probably won't be enough to cover an entire deposit on its own.
To avoid paying Lenders Mortgage Insurance (LMI), borrowers generally need to save up a 20% deposit. Given the current Adelaide median property value is nudging $665,000, a deposit is near $133,000. So, the SA FHOG doesn't even come close to this.
And while some lenders may allow you to buy a property with a 5% deposit, you could end up saving tens of thousands of dollars on LMI if you take the time and save up a little extra yourself.
What eligibility criteria do you have to meet to qualify?
To be eligible for the SA FHOG, you must meet the following criteria:
- At least one applicant must be an Australian citizen or permanent resident
- Each applicant must be 18 years of age or older
- You need to be a natural person - not a company or trust
- Must not have previously owned a residential property in Australia before 1 July 2000
- Not have received a first home owner grant in any state or territory
- Must reside in the home as the principal place of residence for a continuous period of at least six months. This must be done within 12 months of settlement or the date construction is completed
How to apply for the SA First Home Owner Grant
There are two ways you can apply for the SA FHOG. They are:
- Through an approved agent - This can be through your bank or lender. They will lodge the application form on your behalf. You can find a list of approved agent on the RevenueSA website.
- The South Australia Office of State Revenue - Apply directly via the RevenueSA website.
Applications must be made within 12 months of completing the transaction.
Below is a list of the documents you'll need to provide, based on your particular circumstances:
- Proof of identity e.g. birth certificate, Australian drivers license, Australian passport, and Medicare card
- Evidence of residential address e.g. utility documents, insurance policies
- Evidence of relationship (if applicable) e.g. marriage certificate
- Copy of contract to purchase a new home or off the plan home (if applicable)
- Copy of contract to build a home (if applicable)
- Copy of all major receipts (e.g. foundation, timber framing, plumbing, etc.) if an owner builder (if applicable)
When will the grant be paid?
Depending on who you applied through and the type of property you're purchasing, the $15,000 SA FHOG could be paid:
| Applying through an approved agent | Applying through RevenueSA | |
| Purchase of a new home or off the plan home | At settlement |
Within 5 days after approval of the application when RevenueSA has received:
OR
|
| Contract to build | On date of first progress payment by approved agent | Within 5 days after approval of the application when RevenueSA has received a copy of the first progress payment invoice |
| Owner builder | When the application along with appropriate supporting evidence is provided to the approved agent. Plus, a Statutory Declaration stating that the home is complete and ready for occupation |
Within 5 days after approval of the application when RevenueSA has received:
|
Can first home buyers in SA get stamp duty discounts?
Stamp duty concessions remain available to eligible first home buyers, with revised ownership criteria introduced on 13 February 2025.
If you signed your contract on or after 13 February 2025, you won't be eligible for stamp duty relief if you or your partner (including a spouse or domestic partner) has ever owned a residential property in Australia - even if it was in the past.
However, if your contract was signed between 15 June 2023 and 12 February 2025, there's a bit more flexibility. In this case, you might still qualify for stamp duty relief even if you or your partner previously owned a property, as long as neither of you lived in that property for six months or more.
If you are eligible for the FHOG you will generally be eligible for stamp duty relief, however you will need to apply for both separately.
Other government schemes for SA first home buyers
HomeStart
Administered by HomeStart, eligible SA first home buyers can secure a loan to buy a home with a deposit as low as 2% (depending on the loan product) without the need to pay LMI.
For example, the Graduate Loan only requires a minimum 2% deposit while the Low Deposit Loan requires a minimum of 3%.
Eligibility criteria does depend on the product you take out, so head to the HomeStart website for more information.
Home Guarantee Scheme
The Home Guarantee Scheme is backed by the Federal Government, aimed at supporting eligible first home buyers in their quest to own a home. By guaranteeing a portion of the home loan, it enables Aussies to enter the property market sooner with a smaller deposit, bypassing the burden of paying LMI.
The scheme caters to three different segments of potential buyers:
- The First Home Guarantee (FHBG) targets first-time home buyers, facilitating their dream of homeownership with a deposit as little as 5%.
- The Family Home Guarantee (FHG) specifically aids single parents with at least one dependent child, offering them the chance to purchase a home with a deposit as low as 2%.
First Home Super Saver Scheme
Through voluntary concessional contributions (taxed at a discounted rate of 15%) and non-concessional contributions (already taxed at their marginal rate), individuals can contribute extra to their super fund which can later be withdrawn for a house deposit.
First home buyers can contribute a maximum of $15,000 in any given financial year, with a cumulative cap of $50,000 per individual.
Help to Buy scheme
The Help to Buy scheme allows eligible participants to co-buy a home with the government.
Eligible buyers purchasing a home would receive an equity contribution of up to 40% of the cost of a new home, or 30% for existing homes.
Buyers only need a minimum 2% deposit and do not have to pay LMI.
Up to 40,000 places will be on offer across four years (10,000 per year) from 2024.
Find the Right Home Loan with the First Home Owner Grant
If you're eligible for the First Home Owner Grant, you could receive a financial boost toward your deposit - making it easier to step into your first home sooner. But while the grant helps you get started, the home loan you choose will shape your finances for years to come. Not all lenders offer the same rates, fees, or features, so it's worth comparing your options carefully.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.29% p.a. | 5.33% p.a. | $2,773 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure | ||||||||||
5.24% p.a. | 5.15% p.a. | $2,758 | Principal & Interest | Variable | $0 | $0 | 80% |
| Promoted | Disclosure | ||||||||||
5.39% p.a. | 5.43% p.a. | $2,805 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure |
