Buying your first home is one of life’s biggest milestones — exciting, rewarding, and yes, sometimes overwhelming. If you’re a first home buyer in South Australia, you’re in luck: there’s a range of support, grants, and guidance available to help you get into the property market sooner.
In this blog, we’ll walk you through what you need to know before taking the plunge — from grants to eligibility, and the key steps in the buying process.
- Government Grants and Assistance in SA
First Home Owner Grant (FHOG SA)
In South Australia, eligible first home buyers can receive a $15,000 First Home Owner Grant when buying or building a new residential home.
- The home must be new and never previously occupied.
- The grant applies whether you’re buying off-the-plan, building, or purchasing a newly built property.
Tip: This grant is not available for established homes, so if you’re buying an existing property, you won’t be eligible — but you may still qualify for other forms of assistance.
- Stamp Duty Concessions
As of 2023, the South Australian Government introduced stamp duty relief for eligible first home buyers purchasing new homes or vacant land to build on, regardless of the value.
- You could save thousands of dollars in upfront costs.
- These concessions can be combined with the FHOG.
Tip: Even if your purchase is well above previous thresholds, full relief may still apply. Always check the latest guidelines on RevenueSA or with your conveyancer.
- First Home Guarantee (Formerly FHLDS)
Under the federal government’s First Home Guarantee, eligible buyers can purchase a home with as little as 5% deposit — and without paying Lenders Mortgage Insurance (LMI).
- The government guarantees part of your loan, helping reduce upfront costs.
- Places are limited and subject to eligibility (income, purchase price caps, etc.).
- Budgeting & Upfront Costs
Aside from your deposit, you’ll need to budget for:
- Conveyancing/legal fees
- Loan application and bank fees
- Building and pest inspections
- Moving costs and utilities
- (If applicable) Stamp duty
Tip: Many first home buyers underestimate these extras. Create a full cost breakdown before starting your property search.
- Finance Pre-Approval
Getting pre-approved for a loan gives you a clear picture of your budget and shows sellers you’re serious. It also speeds things up when you’re ready to make an offer.
Tip: Speak to a mortgage broker familiar with SA’s first home buyer landscape — they can help you compare lenders and government schemes.
- Choosing the Right Property
As a first home buyer, think long-term. Consider:
- Location and lifestyle (public transport, schools, amenities)
- Future growth potential
- Building condition and ongoing maintenance
Tip: Don’t rush. Attend multiple open inspections, and always get professional building and pest checks before making an offer.
- The Buying Process in South Australia
Here’s a quick overview of what to expect:
- Secure finance pre-approval
- Start house hunting and attend inspections
- Make an offer (or bid at auction)
- Engage a conveyancer
- Complete the contract and cooling-off period
- Organise building/pest inspections
- Go through settlement process
- Get the keys and move in!
- Who Can Help You?
- Conveyancer: Handles the legal side of your property transaction.
- Mortgage broker or lender: Helps you secure the right home loan.
- Real estate agent: Assists with the property search and negotiation process.
- Government resources: Check RevenueSA and SA.gov.au for grants and eligibility.
Final Thoughts
Buying your first home in South Australia is a big step — but with the right knowledge and support, it’s more achievable than ever. Take advantage of grants, do your homework, and lean on professionals who can guide you through the process.
Thinking about buying your first home? Whether you’re ready to make a move or just exploring your options, now’s a great time to start planning.