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The first home owners grant in South Australia (SA FHOG) is available to eligible applicants and at a state level provides you with stamp duty concessions.
These concessions are in place to make home ownership more attainable and there are varying levels of stamp duty concessions based on the purchase price.
The state first home owners grant can end up saving you thousands of dollars and goes a long way to help first home owners.
What is the amount of the grant?
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The Federal Government Grant is $7,000 |
Are there any stamp duty concessions?
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Yes a full concession applies for homes ranging up to 80k and an increasing scale of stamp duty concessions apply up to a maximum of 250k. When the purchase price exceeds 250k there are no concessions available to first home owners |
How do I apply for the first home owners grant?
There are different way in which you can apply for the first home owners grant, the most common choice is that of applying through the lender you have chosen.
By applying through the lender of choice the first home owners grant funds are made available at settlement whereas if you apply through the state government or your solicitor/conveyncer the funds are made available up to three weeks after settlement has occurred.
For More Information about the First Home Owners Grant please visit the below URL's:
Please contact us if you have any questions about the first home owners grant or help with how to apply. You can also arrange an appointment with one of our home loan consultants who can come out at a time which suits.
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