South Australia’s First Home Owner Grant (FHOG) provides $15,000 to eligible first home buyers purchasing or building a new home valued under $575,000. This grant is part of the state government’s efforts to support housing affordability and encourage the construction of new dwellings. The FHOG is complemented by stamp duty concessions, making it easier for first home buyers to enter the property market.
Eligibility for the FHOG in South Australia requires applicants to be first-time home buyers, Australian citizens or permanent residents, and to live in the property as their principal place of residence for at least six months. The property must be a new build, and applicants must not have previously owned or co-owned a home in Australia. The application process is simple, with most applicants applying through their lender or directly to RevenueSA.
The FHOG has been instrumental in helping many South Australians purchase their first home. By reducing the upfront costs of buying a new property, the grant makes home ownership more accessible and supports the growth of new communities across the state. Combined with other government incentives, the FHOG plays a vital role in promoting housing affordability and stimulating the construction industry in South Australia.
Find out more here:
https://www.banksa.com.au/personal/home-loans/first-home-buyer-grants
