South Australian First Home Owners Grant

You may be eligible as a first home buyer for a grant of up to $15,000 on the purchase or construction of a new residential home in South Australia.

• You are purchasing a new home that has not been previously occupied or sold as a place of residence and includes a substantially renovated home
• The market value of the property is $575,000 or less
• At least one applicant is an Australian citizen or permanent resident. New Zealand citizens permanently residing in Australia who hold Special Category Visas may also apply
• Each applicant is 18 years of age or older
• You or your spouse/domestic partner have not held a relevant interest in an Australian residential property prior to 1 July 2000
• You or your spouse/domestic partner have not occupied an Australian residential property in which you had a relevant interest on or after 1 July 2000 for 6 months or longer
• You and your spouse/domestic partner have not previously received a first home owner grant in any state or territory of Australia. If a grant was received but later paid back together with any penalty you may be entitled to reapply for the grant
• Each applicant must reside in the home as their 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

Companies and trusts are not eligible for the first home owner grant.

More Information:

HomeBuilder Scheme

Eligible Australians can now receive grants of $15,000 to build their new home, or substantially renovate their existing property under the Federal Government’s new HomeBuilder scheme.

The stimulus was created to help first home buyers enter the property market, assist those who have been looking to enter the property market, and help the residential construction industry bounce back following the COVID-19 pandemic.

HomeBuilder can be used in conjunction with existing State and Territory First Home Owner Grant programs, stamp duty concessions and other grant schemes.

• Be an individual (not a company or trust)
• Be aged over 18 years or over
• Be an Australian citizen
• Build a new home (it does not have to be your first home) as an owner-occupier or substantially renovate your existing home
• Meet the two income caps – an individual earning under $125,000 per annum or a couple earning under $200,000 combined annually
• Substantially renovate your existing principal place of residence under the condition it that it is valued under $1.5 million prior to renovating

• You must enter a building contract between January 1, 2021 and March 31, 2021
• Construction must commence within six months of the contract date
• Building work must be completed by a licenced building contractor, the contractor cannot be a relative of the property owner
• Renovations can be a combination of works including kitchen, bathroom etc.
• Renovations must improve the accessibility, safety and liveability of the home
• Renovations do not include swimming pools, tennis courts, outdoor spas and saunas, detached sheds or garages
• Owner-builders and people seeking to build a new home or renovate an existing home as an investment property are ineligible