First Home Owner Grant (FHOG) SA
- How to apply for the $15,000 First Home Owner Grant in South Australia
- Our analysis shows the grant could save a homeowner a further $17,376 in interest if it’s put towards their home loan
In our SA first-home buyer grant guide:
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What is the First Home Owner Grant in SA?
The First Home Owner Grant (FHOG) is a one-off, tax-free grant available to eligible first-home buyers in South Australia. It can help alleviate some of the costs of buying a home in SA, but specific limits and eligibility criteria apply.
How much is the First Home Owner Grant in SA?
The First Home Owner Grant in South Australia is $15,000 for eligible first-home buyers to buy or build a new home. It’s one of the more generous grants available in Australia, despite SA recording a double-digit increase in house prices this year, according to Domain.com.au.
Under this program, eligible properties must be valued below $650,000, including:
- A new house, unit, townhouse or duplex (including off-the-plan)
- A substantially renovated home
SA First Home Owner Grant eligibility criteria
To be eligible for the SA FHOG, you must meet the following criteria:
SA FHOG eligibility criteria | Applicants must be 18+ years of age |
|---|---|
| Property requirements | You must be buying or building a new home in South Australia |
SA FHOG eligibility criteria | You must be an Australian citizen or permanent resident (or applying with someone who is) |
| Property requirements | You must move into your new property within a year of buying and live there for at least 6 months |
SA FHOG eligibility criteria | You must be a first-home buyer who has not owned a property or received the grant previously |
| Property requirements | The grant is not available to property investors, or properties purchased through a trust or company |
| SA FHOG eligibility criteria | Property requirements |
|---|---|
Applicants must be 18+ years of age | You must be buying or building a new home in South Australia |
You must be an Australian citizen or permanent resident (or applying with someone who is) | You must move into your new property within a year of buying and live there for at least 6 months |
You must be a first-home buyer who has not owned a property or received the grant previously | The grant is not available to property investors, or properties purchased through a trust or company |
Is the SA First Home Owner Grant available if you’ve previously owned an investment property?
You may not be eligible for the FHOG if you’ve owned or partly owned an investment property, even before 1 July 2000, (when the FHOG was introduced), according to RevenueSA.
SA FHOG savings analysis on a $600,000 home loan
Here’s an example showing how much a first-home buyer using the $15,000 SA FHOG could save in repayments and interest on a $600,000 home loan over a 30-year term. The FHOG reduces the home loan balance.
Loan amount | |
|---|---|
| With $15,000 SA FHOG | $600,000 (reduced to $585,000) |
| Without SA FHOG | $600,000 |
Interest rate | |
| With $15,000 SA FHOG | 6.00% p.a. |
| Without SA FHOG | 6.00% p.a. |
Monthly repayments | |
| With $15,000 SA FHOG | $3,507.37 (save $89.93) |
| Without SA FHOG | $3,597.30 |
Total to repay | |
| With $15,000 SA FHOG | $1,262,653 (save $32,376) |
| Without SA FHOG | $1,295,029 |
Total interest payable | |
| With $15,000 SA FHOG | $677,653 (save $17,376) |
| Without SA FHOG | $695,029 |
| With $15,000 SA FHOG | Without SA FHOG | |
|---|---|---|
Loan amount | $600,000 (reduced to $585,000) | $600,000 |
Interest rate | 6.00% p.a. | 6.00% p.a. |
Monthly repayments | $3,507.37 (save $89.93) | $3,597.30 |
Total to repay | $1,262,653 (save $32,376) | $1,295,029 |
Total interest payable | $677,653 (save $17,376) | $695,029 |
Does your state or territory have a First Home Owner Grant?
See First Home Owner Grants in each state & territory
Do you need to show genuine savings when using a grant?
“Lenders generally expect you to show genuine savings, equivalent to at least 5% of the home loan amount, alongside any grants you intend to use. Lenders will ask for three months of bank statements to evaluate your savings history and expenditures. Some lenders may consider rental payments as genuine savings if you can provide a rental ledger."
Mansour Soltani, Money.com.au's home loan expert
How to apply for the SA First Home Owner Grant
You can apply for the First Home Owner Grant through your lender (who will handle all the paperwork) or directly with RevenueSA.
If you apply via your lender
Complete the First Home Owner Grant application form and submit it to your lender with the supporting documents of the property purchase. You’ll also be asked to provide 100 points of Australian or state-issued documents that the lender can use for your home loan application. The lender will lodge your FHOG application on your behalf.
If you’re approved for the FHOG, you’ll usually receive the payment at settlement if you’re buying a newly-established home or at the first drawdown of funds if you’re building a new home.
If you apply via RevenueSA
You can lodge your grant application online and upload your supporting documents via the RevenueSA Online Application Portal.
If you’re approved for the FHOG, you’ll receive the payment within 5 days of submitting your property title registration paperwork or the copy of the first progress payment invoice if you’re building a new home.
How to fill out the SA First Home Owner Grant application form
1. Complete the eligibility checklist
Verify your eligibility for the First Home Owner Grant. Tick the relevant box for questions 1 to 7.
2. Enter your personal details
Each applicant must fill out their personal information and contact details. If you’re applying with a spouse, they must enter their details in the ‘Applicant 2’ section. There’s a separate section for spouses not party to the grant application further down.
3. Provide your property and transaction details
Enter the details of the property you’re buying, including the street address or a lot number if a street number is not allocated (e.g. new housing estates or developments). You’ll also be asked to include transaction details, such as your settlement date for a new home, a contract of sale or contract to build date.
4. Provide your bank account details
If you’re applying directly through RevenueSA, you will need to nominate the bank account you’d like the grant paid into. If you’re applying through your lender, the grant will be paid to them in accordance with your agreement.
5. Sign the declaration
Each applicant must agree to and sign the declaration to confirm that all information provided is true and correct, and that they’ve read and understood all the details completed on the application form.
Other support for first-home buyers in SA
Home Guarantee Scheme
The First Home Guarantee (FHBG) is a nationwide program that helps eligible first-home buyers purchase a property with a deposit as low as 5%, including in regional areas under the Regional First Home Buyer Guarantee (RFHBG). Housing Australia guarantees up to 15% of the value of a first home, meaning you’d avoid lender’s mortgage insurance (LMI).
In South Australia, the FHGB price cap is $600,000 for homes in capital cities and regional centres and $450,000 for the rest of the state.
There’s also the Family Home Guarantee (FHG) to help eligible single parents or guardians buy a property with a deposit as low as 2%, with Housing Australia guaranteeing up to 18% of the property’s value.
Can you combine the SA first-home buyer grant and First Home Guarantee?
Yes, it’s possible to use both the $15,000 SA first-home buyer grant and (FHBG) if you qualify, according to Housing Australia. However, the FHOG is typically available only at settlement (i.e. after the completion of your property transaction), so it can’t directly be put towards the minimum 5% deposit for the FHBG.
Can you use the SA First Home Owner Grant as part of your home loan deposit?
Mortgage brokers we spoke to said in certain situations lenders might consider including your FHOG as part of your deposit, most commonly with off-the-plan property transactions.
Even if a lender does not accept FHOG funds as part of your deposit, being eligible for it may still help you when applying for a loan. For example, lenders may factor in the one-time payment when assessing your borrowing capacity, pending grant approval, according to ANZ.
First-home buyer SA stamp duty exemption
First-home buyers may be eligible for an exemption on stamp duty in South Australia for properties valued under $650,000 and vacant land under $400,000. That’s a potential saving of up to $29,580 and $16,330, respectively. Concessional rates apply for properties valued up to $700,000 (or $450,000 for vacant land).
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Written by
Senior Finance Writer
Megan Birot
Reviewed by
Home Loans Expert
Mansour Soltani
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