First Home Buyer Grants South Australia
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.
south Australia - First Home Bonus
Established in June 20084, the First Home Bonus is an additional payment on top of the First Home Owners' Grant that South Australian first home buyers may also be eligible for. The current First Home Bonus provides additional funds to the value of $4000 to eligible first home buyers for sale contracts entered into after June 5, 2008, 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 $4000 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.
find out if you are eligible for first home buyer grants in South Australia
To find out if you are eligible for first home buyer grants in South Australia, including the First Home Owners' Grant, fill in the form below to talk to your local mortgage broker, or call us anytime on 13 LOAN (+61 2 9249 3739 direct).
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) 8266 3750 or visit their website at www.revenuesa.sa.gov.au
first home buyers australia quick links
- First Home Buyers Grants in Australia
- First Home Buyer Grants Northern Territory
- First Home Buyer Grants New South Wales
- First Home Buyer Grants Queensland
- First Home Buyer Grants South Australia
- First Home Buyer Grants Tasmania
- First Home Buyer Grants Victoria
- First Home Buyer Grants Western Australia
