South Australian First Home Owners Grant

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. FHOG ceased for established homes from 1 July 2014. The table below outlines the current grants and concessions available:

# For eligible transactions entered into

It should be noted that if the consideration for the purchase of the property is less than the FHOG and/or additional schemes (e.g. where a property is inherited), the amount of FHOG will not exceed the consideration. The First Home Buyers Grants Table outlines the maximum payment available, incorporating the First Home Bonus Grant (FHBG), First Home Owners Boost (FHOB) and the stamp duty First Home Concession (FHC) schemes. *NEW HOME means a home that has not been previously occupied or sold as a place of residence and includes a substantially renovated home (see definition of terms page).

Eligibility requirements:

• At least one of the applicants must be an Australian citizen or have permanent residency in Australia. New Zealand citizens permanently residing in Australia who hold Special Category Visas may also apply.
• The applicant(s) or their spouse(s)/domestic partner(s) must not have previously owned a residential property anywhere in Australia prior to 1 July 2000.
• The applicant(s) or their spouse(s)/domestic partner(s) 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 person (i.e. not a trustee or company) except in the cases of legal disability.
• Each applicant must be at least 18 years of age at the time of making an application for the FHOG.
• The property purchased has a market value of $575,000 or less.

Where the eligible transaction relates to the constructions of a new home, the eligible transaction must be completed (i.e. the home must be built) within 24 months of entry into the eligible transaction (e.g. within 24 months of entering into the contract or, in the case of an owner builder, within 24 months of commencing the laying of foundations for the home).

More Information:

HomeBuilder Scheme

Eligible Australians can now receive grants of $25,000 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 June 4, 2020 and December 31, 2020
• Construction must commence within three 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