South Australia first home owners grant and other schemes

Thinking about buying your first home in the festival state? South Australian homes are the fourth most expensive in the nation with a median home in Metropolitan Adelaide costing $700,000.

Such prices make getting on the property ladder a challenge for first home buyers.

This is especially true amid rising costs of living and interest rates. In January 2023, owner-occupier first home buyer loans fell to a five-year low, according to the ABS.

The South Australian government offers grants and incentives to help first buyers enter the property market sooner. Here’s everything you need to know about South Australia’s first home grants and concessions.

To summarise, South Australia first home owner grants and concessions include the following:

  • A $15,000 South Australia First Home Owners Grant (FHOG) for eligible buyers
  • No stamp duty on first homes valued under $650,000
  • Concessional stamp duty rates on first homes valued $650,000-700,000
  • Different loan options through state-owned lender HomeStart Finance
  • Federal schemes including First Home Super Saver and First Home Guarantee

Buying your first home? Contact a UNO broker today.

South Australia First Home Owners Grant (FHOG)

In South Australia (SA), eligible first home buyers can receive a once-off $15,000 First Home Owners Grant when buying or building a new home valued under $650,000.

To be eligible for a FHOG in South Australia, recipients must meet the following criteria:

  • Be an Australian citizen (OR New Zealand permanently residing in Australia) aged 18 and above
  • Applicants have not received a first home owner grant before
  • Reside in the home as your principal place of residence for 6 months within 12 months of settlement
  • Not have owned a property in Australia before
  • Purchase a new or substantially renovated home

The market value of your property cannot exceed $575,000 where the contract was entered into between 2010 and 14 June 2023. For contracts entered 15 June 2023 onwards, the value is up to $650,000.

The grant can apply to vacant blocks of land provided a home will be built on there and the combined value does not exceed the above thresholds.

There are no further rules on how to spend SA FHOG so some buyers choose to use it towards their deposit.

A UNO broker can help determine your eligibility for FHOG and guide you through the application process.

South Australian First Home Owner Grant is a scheme co-funded by the state and federal governments aimed at helping promote homeownership for first-time buyers.

South Australia stamp duty exemptions and relief

Announced in the 2023-24 state budget, eligible first home buyers enjoy no stamp duty on new homes valued under $650,000 and concessional rates on homes valued up to $700,000.

Eligible buyers of vacant land pay zero stamp duty on land valued below $400,000 or reduced stamp duty on land worth $400-450,000.

Concessional stamp duty relief rates. Source: Revenue SA.

Property ValueStamp DutyStamp Duty ReliefPayable$660,000$30,130$24,104$6,026$670,000$30,680$18,408$12,272$680,000$31,230$12,492$18,738$690,000$31,780$6,356$25,424$700,000$32,330$0$32,330

Contracts need to be entered into after 15 June 2023 and eligibility depends on the above FHOG criteria.

Stamp duty is a state government tax on certain transactions and documents such as housing and vehicles.

Low deposit loans through HomeStart Finance

HomeStart is a State Government lender focused on providing home loans for South Australians, including flexible home loans for first home buyers.

They offer a range of loan options including low (2-5%) deposit loans, loans for graduates with a Certificate III or higher and shared equity options.

UNO has access to HomeStart Finance. A UNO broker can help navigate your options with this lender plus over 20 others.

$10,000 Starter Loans for eligible first home buyers

South Australian first home buyers who earn less than $75,000 as individuals (or $100,000 for couples) can access a $10,000 interest-free starter loan through HomeStart.

South Australia first home owners grant
Source: HomeStart Finance

The Start Loan is interest-free for seven years with no repayments needed during this period.

It is a secondary loan atop of your HomeStart home loan to help with the upfront costs of home ownership including construction costs.

If the loan isn’t paid off within seven years, the balance will be reviewed and possibly transferred onto your primary loan balance.

Introduced in the 2019 South Australian State Budget, the Start Loan is supported by the Affordable Housing Fund.

You can read more about the Starter Loan here.

Low deposit home loans for SA first home buyers

Saving a large deposit can be a huge challenge for South Australian first buyers. While a deposit of 20% is preferable to avoid lender’s mortgage insurance (LMI), some lenders accept lower deposits.

A low deposit might help you get into your first home sooner. In South Australia, there are many options for low deposit home loans including the following:

A UNO broker can compare from over 20 lenders to find a loan structure suitable for your needs.

Read more: How much deposit do I need?

Buying your first home in Adelaide: a step-by-step guide

  1. Calculate how much you can borrow - UNO’s Borrowing Power Calculator will estimate how much you can borrow, giving you a budget for your property.
  2. Find finance - A UNO broker can find you the best deal by comparing rates from over 20 lenders
  3. Secure pre-approval - Submit documents including payslips and bank statements for pre-approval
  4. Find the right property - Once you have a budget, start looking for your property. Take advantage of UNO’s partnership with Abodable offering customers up to $51,000 cash back when purchasing a new home*.
  5. Make an offer on your property and settle within 45 days.

Federal first home buyer schemes

*T&Cs apply. See for full details.Disclaimer: Information in this article is general in nature and does not constitute personal financial advice. You should always seek independent professional advice that considers your personal needs before making financial decisions.SourcesImage: Gilly Tanabose -

Book Call Now

Book Call Now

UNO home loans

Need help with your home loan?

UNO Brokers are available night and day for a quick review or your situation and bring expertise that will support better decision making that will save you time and money. Book in a quick call when it suits your busy schedule

Get Started

Related Articles


What our customers are saying

Andy Song
May 17, 2024
Amy has been absolutely wonderful as a broker. I would not hesitate one bit in recommending her services.
Read more
Troy H
May 13, 2024
Scott Wilkinson did a great job as my broker. He was very patient and always happy to answer my numerous questions throughout the considerable period of time that it took to secure a suitable property. Would certainly recommend Scott and the team at UNO for anyone seeking a broker.
Read more
Elvin Singh
May 10, 2024
First time I have used a Broker and I must say Andrew Wyers and his team were amazing to work with and handled my refinance from a Big4 bank. He was able to understand my needs and find a lender that will be able to help me grow my investment portfolio. Andrew and his team kept me updated as part of my refinance journey and made the process super easy and I was able to refi to new lender in under 2 weeks. Would highly recommend Andrew.
Read more
Nadine Steffens
April 19, 2024
Scott and the team at Uno are absolutely 💯 amazing. I don't think I could have done my loan on my own. They are highly motivated and I do recommend them.
Read more
April 16, 2024
Dealing with Scott Wilkinson was an absolute delight. Scott is tenacious, hard working and readily available. He made a very stressful process for me and my partner smooth sailing. Would highly recommend.
Read more
Liam Sugiono
April 15, 2024
Amy and her team were efficient and knowledgeable as our broker. They were easily contactable and ensured all our needs were met.
Read more
Mike Vincent
April 10, 2024
Andrew is the best broker I have worked with and one of the few people who understands the investment journey from both a personal and professional standpoint. Andrew is an asset to anyone from a first home buyer to a seasoned investor.
Read more
Yu Su
April 9, 2024
Amy was very help and quick respond when I have questions. Really recommended.
Read more
John Cahill
March 7, 2024
Scott Wilkinson was my broker last year when I sought finance for a new property investment and refinance for my property port folio. He was an absolute delight to work with. He was always professional, on time and always available to talk at a moment's notice to discuss my credit options and give well considered advice; usually this was very much after-hours due to my work commitments during the day. He was always happy to talk. I had not used a mortgage broker in a long time opting to do the re-financing myself. This was primarily due to disappointing experiences I'd had with mortgage brokers in the past. However with the increasing complex nature of dealing with credit providers, I could see that I needed a good advocate to act on my behalf for this particular refinance. In all honesty I did not hold much hope that in the current credit environment I would be able to secure the finance I required for the new property investment I was wishing to secure. Scott found a way however and was able to secure the finance along with the refinance of my portfolio. I have since referred friends to Scott and I know they have been very happy with his work. He is ideal for property investors who have busy day-jobs and need someone who understands property investment strategy and is able to tailor credit advice and options to their needs. Scott provides this advice and information in a way that is clear and concise. He kept me up to date continually during the application process. He made what could have been a very stressful and frustrating process easy and straightforward. I could not recommend Scott and the team at UNO Home Loans more highly. They are all a delight.
Read more
Sally Mackenzie
February 19, 2024
We chose Uno Home Loans from their impressive web site knowing we were going to find it hard, on many fronts, to qualify for a home loan. We were incredibly fortunate to be assigned Mike Parsons as right from the get-go, despite the complexities, he hit the ground running for us. He was incredibly knowledgeable, with years of experience but what was immediately apparent and impressive was that he was totally invested in getting us over the line, doing absolutely everything possible, including working around the clock. Despite it being a relatively small loan in the order of things, Mike never missed a beat, getting docs ready, following up and answering every request from the proposed funder immediately. He kept us informed on progress the minute anything happened, and again if anything needed to be done, he was right on it. In short, we highly recommend Uno, and Mike, knowing what a remarkable job he did, over many weeks, to get us our loan. He got us a great deal, with far better rates than we expected, so we couldn't be happier. In fact, without doubt, you'd be hard pressed to find a more personable, sharp, hard working, dedicated professional who clearly prides himself on getting his customers standout results.
Read more
February 13, 2024
Scott and his team were just A-mazing. We felt supported through the whole process with the greatest quality and care. Every question answered right in time, or even before we asked. The process was smooth and we got the best outcomes we could have wished for.
Read more
Angela Biddle
February 6, 2024
Our mortgage recently came up for renewal, and with interest rates skyrocketing we were looking for ways to minimise the impact. Michael and his team were proactive and attentive. Michael spent time with us to understand our circumstances. He found mortgage options that worked with our current financial situation and longer investment plans. He presented clear options, providing guidance where needed. He and his team were helpful and responsive - streamlining the process and keeping us updated through the negotiations. In the end, Uno did the heavy lifting and secured a significantly better rate than our current bank offered, all with friendly, personal service. We would highly recommend UNO Home Loans.
Read more