There are a number of home buyer grants and incentives on offer for the 2021 / 2022 financial year. First Home Buyers receive the majority of the boosts available, but single parents now have some added opportunity with the Family Home Guarantee. With a wide variety of lenders there are plenty of alternative incentives on offer to assist South Australians with home ownership.

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With the Australian residential property market booming throughout most capital cities, it has become seemingly harder than ever to establish a sufficient deposit to assist with a purchase. Thankfully there are several grants and incentives currently on offer to assist home buyers with purchasing residential owner-occupied property. In South Australia we have the following grants and incentives available:


First Home Owners Grant


There is a $15,000 grant available to South Australian first home owners who buy a new owner-occupied home. 

The First Home Owners Grant is available for those who buy a block of vacant to build their first home on. However, the total value of the build plus land must be no more than $575,000. 

You can also buy a newly built house, apartment, unit, or villa where the property has never been occupied. Again, the price is capped at $575,000.

The FHOG SA is not available if you buy an established home that has been previously occupied.

Typically, there are no limits on how you spend the SA First Home Owners Grant, and it can used as part of your deposit.

Click here for more information


First Home Loan Deposit Scheme


The First Home Loan Deposit Scheme (FHLDS) has been an incredibly successful program offered by the Federal Government to assist first home buyers purchase their first home with a 5% deposit and without having to pay expensive Lenders Mortgage Insurance.

Each release has seen a block of 10,000 places offered, which have been snapped up by those eager to get into home ownership.

The Federal Budget has added yet another 10,000 places which were made available from 1 July 2021, specifically targeting first home buyers who build or buy a newly constructed home.

Not all Lenders are accredited to offer the FHLDS.

Like previous rounds, it’s expected that demand will be high.

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Family Home Guarantee


The Family Home Guarantee is to help single parents on to the property ladder and achieve home ownership.

The assistance means that an eligible borrower will be able to purchase a new or established home with only require a 2% deposit based on the purchase price. The Federal Government will step in to provide a guarantee for the remaining 18% of the deposit. There are specific price caps for each state which you can view here.

The government has allowed for 10,000 places to be made available to eligible participants over a four-year period.

This package will provide a much-needed boost to many single parents who may be doing it tough and cannot afford to save a traditional deposit to purchase a home.

Of course, there are various income and other eligibility requirements that must be met, some of which are still to be announced. Additionally, only a limited panel of Lenders will be able to offer the package.

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First Home Super Saver Scheme


The scheme helps you save for your first home by allowing you to use the concessionally taxed superannuation environment to build a house deposit. Eligible voluntary contributions are limited to $15,000 in any one financial year and $30,000 across all financial years. They include voluntary concessional and voluntary non-concessional contributions.

You can withdraw eligible contributions, plus associated earnings, to buy or build a first home. You may be allowed to withdraw 100 per cent of eligible non-concessional contributions and 85 per cent of eligible concessional contributions.

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Lender Specific Incentives


With a variety of lenders on our panel there are wide ranging offers to assist First Home Buyers or specialist professionals with purchasing owner-occupied property. 

For First Home Buyers, currently there are additional First Home Buyer cash gifts for up to $5,000 to assist with buying owner-occupied property. Also on offer are reduced Lenders Mortgage Insurance Premiums. 

HomeStart offer several supporting products to assist South Australians with owner-occupied purchases. From the Advantage Loan to the Starter Loan, there are a range of products to help home buyers get their foot in the door. See here for more information.

There are also a range of product discounts and Lenders Mortgage Insurance discounts for specific industry professionals on offer from a wide range of lenders. The most common industries to receive these specials are medical and other high income earning professionals such as solicitors, but please have a chat to one of our Brokers to see if you are eligible.


HomeBuilder Grant


Unfortunately, the extremely popular HomeBuilder Grant has now concluded, with build contracts only eligible up to the 31st of March 2021 and application submissions ending on the 14th of April 2021. 

Our Bernie Lewis Home Loans brokers are currently working with many lucky home builders and renovators to have their HomeBuilder Grants funded. 

Click here for more information.


Every purchase situation is unique to the buyer so it’s always best to have a Bernie Lewis Home Loans Mortgage Broker guide you through the grants and incentives on offer, giving you the best chance of securing your dream home.

Call us now on 8300 8300 or email us