The First Home Owners Grant (FHOG) began in Australia in the year 2000 as a way of making housing more affordable for first home buyers. While the FHOG is a national scheme, it is funded by each state and territory budget. As a result, the South Australian FHOG’s value, and terms and conditions change regularly depending on government legislation. So, what’s the current First Home Owners Grant SA legislation and how does this apply to you?
First Home Owners Grant SA Rule Changes
Numerous changes have occurred to the First Home Owners Grant SA since it began in 2000. When first introduced, the FHOG was called the First Home Buyer Grant and was worth up to $7,000 with it applying to new homes being built, and established property.
Since 2000, the grant has changed ten-times, with many other buying bonuses added to the scheme, such as the Housing Construction Grant (HCG), First Home Bonus Grant (FHBG), the First Home Owners Boost (FHOB), and the First Home Concession (FHC). These bonuses boosted the amount a first home buyer received. Let’s look at these grant changes now.
|Transaction Date||Home Types||FHOG||HCG||FHBG||FHOB||FHC||Total|
|1 Jul 2000 – 8 Mar 2001||New||$7000||$2130||$9130|
|1 Jul 2000 – 4 Jun 2008||Existing||$7000||$2130||$9130|
|9 Mar 2001 – 31 Dec 2001||New||$14000||$2130||$16130|
|1 Jan 2002 – 30 Jun 2002||New||$10000||$2130||$12130|
|1 Jul 2002 – 4 Jun 2008||New||$7000||$2130||$9130|
|5 Jun 2008 – 13 Oct 2008||New & Existing||$7000||$4000||$11000|
|14 Oct 2008 – 30 Sep 2009||New||$7000||$4000||$14000||$25000|
|14 Oct 2008 – 30 Sep 2009||Existing||$7000||$4000||$7000||$18000|
|1 Oct 2009 – 31 Dec 2009||New||$7000||$4000||$7000||$18000|
|1 Oct 2009 – 31 Dec 2009||Existing||$7000||$4000||$3500||$14500|
|1 Jan 2010 – 16 Sep 2010||New & Existing||$7000||$4000||$11000|
|17 Sep 2010 – 14 Oct 2012||New||$7000||$8000||$15000|
|17 Sep 2010 – 21 Nov 2012||Existing||$7000||$7000|
|15 Oct 2012 – 31 Dec 2013||New||$15000||$8500||$23500|
|On or after 1 Jan 2014||New||$15000||$15000|
|On or after 1 July 2014||Existing||Nil||Nil|
In comparison, today’s FHOG is significantly different to the initial First Home Owners Grant introduced in 2000. A first home buyer today may be eligible for a $15,000 grant providing they look to buy a new home.
But here’s the kicker: the First Home Owners Grant SA no longer applies to established homes. Instead, first home buyers looking to build or purchase a never lived-in property may be eligible for the grant.
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The Current First Home Owners Grant SA Scheme
Here’s the deal: the current FHOG South Australia applies only to the purchase or construction of a new property to the value of $575,000. Property types include apartments, units, flats, townhouses, or houses that meet the planning standards of the local council.
In relation to the FHOG, a new home means a property that has not been lived-in previously or sold as a residence. This meaning can apply to ex-display homes or even substantially renovated property. Farms are also eligible. However, the value of a farm property is based on the dwelling and a standard residential block or curtilage area surrounding the home. If the dwelling is still to be built and is on a farm, then a building site measurement and curtilage area will be valued.
The FHOG is worth up to $15,000 and is a one-off payment made to a first home buyer whether they are buying the property as an individual, couple or co-partner. Therefore, one payment is made per property. Consequently, if there are multiple applicants for the one property, then the payment shall be split amongst the applicants.
First Home Owners Grant SA Eligibility
To be eligible for the FHOG in South Australia you must be:
- Buying a home in South Australia.
- This home must be a new property.
- One applicant must be a permanent Australian resident or citizen.
- A first home buyer as a person, not a company or trust.
- You and your partner or co-purchaser cannot have owned a home previously.
- You must occupy the home for 6-months within 12-months of construction.
Want to know the best part? If you’d like more information about grant eligibility, please visit the First Home Owner Grant Eligibility Checklist provided by Revenue SA. This checklist is easy to use and helps you to avoid any confusion.
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How To Apply for the First Home Owners Grant SA
The easiest way to apply for the FHOG is to ask your mortgage broker, also known as an approved agent, at the time of discussing your home loan options. Your broker will be able to assess your eligibility and they will also help you throughout the application process.
Of course, if you’re not applying for a home loan with a broker or an approved agent, then you can fill in the paperwork yourself. Forms are available on the Revenue SA website.
But, here’s the kicker: many do-it-yourself applications receive a rejection due to form inaccuracies. To avoid rejection, another application alternatively is to contact a solicitor. They will then guide you through the application process for a fee.
Now: to avoid having your FHOG South Australia application rejected, make sure you:
- Fill in all sections on the application form.
- Supply the correct account information for the grant payment.
- Include a copy of the Contract of Sale and a copy of your building contract.
- Provide proof of identity for each applicant – birth certificate, passport, drivers license, Medicare card, utility accounts and bank statements.
- Have proof of lodgment of title registration with the Lands Titles Office.
First Home Owners Grant Links
Additionally, each territory and state government have a link to their FHOG, as listed below. However, you can also visit the Federal Government site to obtain more information.
|State / Territory||Website|
|Australian Capital Territory||revenue.act.gov.au|
|New South Wales||www.osr.nsw.gov.au|
Are you seeking to buy your first home in South Australia? Then contact eChoice, our brokers can help you understand the First Home Owners Grant SA and assist with your application. Plus, we have access to 100’s of mortgage products. So, we’ll find you a competitive mortgage.
If you’re not buying a home in South Australia, then you may be eligible for the First Home Buyer Grant in another state. Just remember that all states have different rulings, so you need to read the legislation before applying for the FHOG.