Quick answer: the South Australian First Home Owner Grant is up to $15,000 for a new home, with no price cap for contracts from 6 June 2024. All applicants must live there for at least 6 continuous months. First home buyers of new homes also pay no stamp duty.
South Australia removed its grant price cap in 2024 and tightened the ownership test in 2025. Here’s how the grant works now.
What counts as a new home
- A newly built home that hasn’t been lived in or sold as a home, including off-the-plan purchases.
- A home you build under a building contract, or as an owner-builder.
- A substantially renovated home bought from the renovator, where most of the home was replaced and nobody has lived in it since.
Established homes don’t qualify for the grant.
Amount and price caps
| Situation | Rule |
|---|---|
| Grant amount | Up to $15,000 |
| Value cap (contracts from 6 June 2024) | No cap |
| Value cap (earlier contracts) | $650,000 |
| Per purchase | One grant per transaction |
Who qualifies
- Each applicant is 18 or over and buys as an individual.
- At least one applicant is an Australian citizen or permanent resident, or a New Zealand citizen living permanently in Australia on a 444 visa.
- For contracts from 13 February 2025, neither you nor your spouse or partner can own or have ever owned residential property in Australia, even if you never lived in it. Earlier contracts had a looser rule.
How long you must live there
All applicants must live in the home as their main residence for a continuous period of at least 6 months, starting within 12 months of completion.
How it’s paid
Most buyers apply through their lender, which must lodge the application if you need the grant at settlement or for the first construction payment. You can also apply to RevenueSA within 12 months of completion.
How it stacks with other help
- Stamp duty: first home buyers pay no stamp duty on a new home, off-the-plan apartment or vacant land to build on, with no value cap (contracts from 6 June 2024). This relief doesn’t apply to established homes.
- 5% Deposit Scheme: price caps are $900,000 in Adelaide and regional centres and $500,000 elsewhere in SA.
On a $650,000 new home in Adelaide, an eligible buyer could receive the $15,000 grant, pay no stamp duty, and avoid LMI with a 5% deposit.
First home grants by state: NSW · VIC · QLD · WA · SA · TAS · ACT · NT
Common questions
How much is the First Home Owner Grant in SA?
Up to $15,000 for eligible first home buyers buying or building a new home.
Is there a price cap on the SA grant?
Not for contracts entered into from 6 June 2024. Earlier contracts had a $650,000 cap.
I owned an investment property but never lived in it. Can I get the SA grant?
For contracts from 13 February 2025, generally no: owning any Australian residential property, even one you never lived in, makes you ineligible.
How long do I have to live in the home?
All applicants must live there for at least 6 continuous months, starting within 12 months of completion.
Do first home buyers pay stamp duty in SA?
Not on a new home, off-the-plan apartment or vacant land to build on (no value cap). Established homes pay normal duty.
Sources: RevenueSA, First Home Owner Grant; 5% Deposit Scheme price caps. Checked 6 October 2026. General information only; eligibility is assessed by the state revenue office and the participating lender.
