First Home Buyer Guide: South Australia
SA offers a generous $15,000 FHOG and stamp duty exemption up to $650,000 - great value for first home buyers!
$15,000
FHOG (New Homes)
$29,580
Max Duty Saving
$650K
Duty-Free Threshold
2%
HomeStart Deposit
💰 SA's $15,000 FHOG + Stamp Duty Relief!
South Australia offers one of the best combinations in Australia. Buy a new home under $650,000 and receive:
$15,000
FHOG cash grant
$29,580
Stamp duty exemption
$44,580
Total potential saving
Available Schemes & Grants
First Home Owner Grant (FHOG)
$15,000 grant for new homes - one of the highest!
$15,000 cash grant
- ✓ New home value up to $650,000
- ✓ Australian citizen/PR
- ✓ Never owned property in Australia
- ✓ Live in property 6+ months
Stamp Duty Relief
No stamp duty on homes up to $650,000
Up to $29,580 saving
- ✓ Property up to $650,000 (full exemption)
- ✓ $650,001-$700,000 (partial relief)
- ✓ Must be principal residence
- ✓ New or established homes
HomeStart Finance
SA Government-backed low deposit loans
Buy with 2-5% deposit
- ✓ 2% deposit for eligible buyers
- ✓ Graduate Loan for recent graduates
- ✓ Low Deposit Loan options
- ✓ No LMI on some products
First Home Guarantee (Federal)
Buy with 5% deposit, no LMI required
Save $10,000-25,000 on LMI
- ✓ Income under $125,000 (single) / $200,000 (couple)
- ✓ Property up to $600,000 (Adelaide)
- ✓ Owner-occupier only
Stamp Duty Savings Examples
| Purchase Price | Standard Duty | FHB Duty | You Save |
|---|---|---|---|
| $500,000 | $21,330 | $0 | $21,330 |
| $600,000 | $26,830 | $0 | $26,830 |
| $650,000 | $29,580 | $0 | $29,580 |
| $675,000 | $30,955 | $15,478 | $15,477 |
| $700,000 | $32,330 | $32,330 | - |
HomeStart Finance Products
Graduate Loan
2% deposit for university graduates within 2 years of graduating.
Low Deposit Loan
3-5% deposit options with competitive rates.
Starter Loan
For lower income earners, government-backed security.