Updated 4 December 2017
First Home Owners Grant
First home buyers who build or buy a new property may be eligible for a one-off First Home Owners Grant of $15,000.
To be eligible for the FHOG, buyers must:
- Build or buy a new residential property. Properties can include a house, flat, unit, townhouse or apartment that meets local planning standards anywhere in South Australia
- Buy or build a new home with a dutiable value of $575,000 or less
- Occupy the dwelling for 6 continuous months within the first 12 months after settlement on properties purchased, or 12 months after the dwelling construction was finalised.
Off-the-plan stamp duty concessions
A partial stamp duty concession will be available for those first home buyers purchasing off-the-plan apartments located anywhere in South Australia so long as the contract is entered into before 30 June 2018. Foreign purchasers who enter into a contract on or after 22 June 2017 are not eligible for the concession.
A Pre-Construction Grant for Off-the-Plan Apartment Purchasers of $10 000 may also be available for contracts entered into between 22 June 2017 and 30 September 2017.
To calculate this concession, please consider the following: where the value of the apartment is less than $500,000 the size of the concession is greater than where the value of the home is greater than $500,000. Further, the stage of completion of the residential development has an impact as well. Please review the Off The Plan Concession Zone here.