First Home Owner Grant
The grant program in South Australia provides up to $15,000 to first homebuyers buying a new home, an off-the-plan apartment, land and a new home or building a new home on vacant land. From 6 June 2024, no property value cap applies for the $15,000 First Home Owner Grant.
The grant also applies to:
- Properties valued up to $575,000 where the contract was entered into on or before 14 June 2023;
- Properties valued up to $650,000 where the contract was entered between 15 June 2023 and 5 June 2024;
To be eligible, applicants must:
- Be 18 years or over and at least a permanent resident;
- Reside in the purchased property for at least six months within 12 months of date of settlement.
Learn more about the South Australian First Home Owner Grant.
Stamp duty relief
For contracts signed on or after 6 June 2024, stamp duty has been abolished for all first home buyers building or buying a new home, including off-the-plan apartments as well as house and land packages, regardless of the property’s cost.
For contacts entered into between 15 June 2023 and 5 June 2024, the following conditions apply.
- If the home’s value is $650,000 or less, you won’t pay any stamp duty.
- If the home’s value is between $650,001 and $700,000, you’ll get a discount on stamp duty, but will still need to pay some.
- If the land’s value is $400,000 or less, you won’t pay any stamp duty.
- If the land’s value is between $400,001 and $450,000, you’ll get a discount on stamp duty, but will still need to pay some.
Learn more about South Australian stamp duty exemption.