If you are buying your first home in South Australia, you may be eligible for various grants and schemes administered by RevenueSA.
FHOG is a one-off grant payable to eligible first home owners on the:
- purchase or construction of a new home; or
- purchase of an established home (up to 30 June 2014).
Varying amounts of FHOG are available, depending on the time the contract was entered into, or in the case of owner builders when construction commenced. The First Home Buyers Grants Table outlines the maximum grant payment available.
There are a number of criteria that must be met in order to be paid the grant. Among other things, you or your spouse/domestic partner must not have held a relevant interest in an Australian residential property prior to 1 July 2000, you or your spouse/domestic partner must not have occupied an Australian residential property in which you had a relevant interest on or after 1 July 2000 for six months or longer, you must be an Australian citizen or permanent resident and the market value of the property must not exceed $575 000.
If you entered into an eligible transaction between 5 June 2008 and 14 October 2012, you may also be eligible for other grants and concessions. More information is available here.