dsl-logo

Home Loans

Personal Loans

Car Loans

Business Loans

Credit Cards

Banking

dsl-logo
dsl-logo

Home Loans

Personal Loans

Car Loans

Business Loans

Credit Cards

Banking

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
South Australia grant
South Australia grant

In our SA first-home buyer grant guide:

1

3

2

4

1

2

3

4

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.

First Home Owner Grants across Australia

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.

In June 2024, the SA government removed property price caps for the FHOG. This means that eligible first-home buyers in South Australia can receive the grant regardless of their property's cost. Eligible properties include:

  • A new house, unit, townhouse, duplex (including off-the-plan), vacant land
  • 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 FHOGWithout 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?

Do you need to show genuine savings when using a grant?

Mansour Soltani

“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.

SA FHOG eligibility

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.

SA FHOG applicant details

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.

SA FHOG property details

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.

SA FHOG payment details

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.

SA FHOG declaration

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 newly established homes, vacant land, house and land packages and off-the-plan purchases. For a first-home buyer purchasing a new home valued at $750,000, this could result in potential savings of up to $35,080. Property price caps were removed for both the SA stamp duty exemption and FHOG.

Home Loans guides and resources

What's the next step on your property journey? Our home loan guides will help you navigate the road ahead, whether you're buying, building or looking to save on an existing loan.

Written by

Megan Birot Money.com.au writer

Senior Finance Writer

Megan Birot

Reviewed by

Mansour Soltani home loan expert

Home Loans Expert

Mansour Soltani

AS FEATURED IN

logo

Our Money Promise

Money Pty Ltd (trading as Money) Australian Credit Licence 528698 provides information about credit products and is authorised to do so as the holder of Australian Credit Licence 528698. Money does not compare every Lender all products or issuers available in Australia. We are not a broker or credit provider and when we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product.

This material has been prepared by Money Pty Limited (ABN 40 664 954 536) (Money, ‘us’ or ‘we’). Money is a corporate authorised representative (CAR 001307399) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C). The material is for general information only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with financial or tax advice and does not take into account your objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, Money, any of their related body corporates or any other person. To the maximum extent possible, 62C, Money, their related body corporates or any other person do not accept any liability for any statement in this material.

The calculator provided on money.com.au is intended for informational and illustrative purposes only. The results generated by this calculator are based on the inputs you provide and the assumptions set by us. These results should not be considered as financial advice or a recommendation to buy or sell any financial product. By using this calculator, you acknowledge and agree to the terms set out in this disclaimer. For more detailed information, please review our full terms and conditions on the website.

Assumptions:

  • The calculations do not account for changes in interest rates or other market conditions that may occur.
  • Results are approximations and may differ from actual payment schedules or amounts.
  • The calculator does not include all fees and charges that you may incur in relation to a financial product.

Limitation

  • This calculator does not guarantee the availability of any financial product or the accuracy of the calculations. Please consult a financial advisor or the relevant product provider to obtain specific advice tailored to your circumstances.
  • money.com.au does not accept any liability for errors or omissions, or for any loss you may suffer as a result of relying on these calculations.
Money Pty Ltd trading as Money

ABN: 42 626 094 773 / ACL: 528698 / AFCA: 83955
Money is a corporate authorised representative (CAR 001307399) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C)
aboriginal-and-torres-strait

Money acknowledges Aboriginal and Torres Strait Islanders as the traditional custodians of country throughout Australia and their continuing connection to land, waters and community.

© Copyright 2024 Money Pty Ltd.