First Home Buyer Grants South Australia

From 17th September, 2010, the South Australian Government has introduced a propert threshold of $575,000; only properties below this value may be eligible for the First Home Owner Grant of $7,000.

First Home Bonus

In addition to the federal government’s First Home Owners’ Grant, the South Australian government offers an additional grant for eligible first home buyers in the form of the First Home Bonus.  From September 17th, 2010, the First Home Bonus provides additional funds to the value of $8,000 to eligible first home buyers purchasing newly constructed properties only, based on the market value of the property to be purchased. To receive the full Bonus payment, the value of the property must not exceed $400,000. Properties between $400,000 and $450,000 will be eligible for a portion of the Bonus based on a sliding scale.

For the purposes of the $4,000 First Home Bonus, a new home may include contracts to build, off-the-plan purchases, owner-builders and homes which are considered to be new residential premises for GST purposes.

To find out if you are eligible for First Home Buyer Grants in South Australia.

South Australian Office of State Revenue

Revenue SA administers all first home buyer grants and concessions for South Australian buyers. You can contact Revenue SA on (08) 8226 3750 or visit their website at www.revenuesa.sa.gov.au

First home buyer benefits by state summary

• First Home Owner Grants in Australia
• First Home Owner Grants Northern Territory
• First Home Owner Grants New South Wales
• First Home Owner Queensland
• First Home Owner Grants South Australia
• First Home Owner Tasmania
• First Home Owner Victoria
• First Home Owner Western Australia