- Eligible buyers receive $15K towards a new property
- Mount Barker records the strongest demand in the state
- Eligible applicants were able to receive $40K from both federal and state grants
The South Australian Government has announced that a first home buyer boom has seen 1,453 grant recipients so far this calendar year – the best start in seven years.
Eligible South Australians receive a $15,000 First Home Owner Grant for the purchase or construction of new residential property including a house, flat, unit, townhouse or apartment.
Despite being two months left in this financial year, 3,258 people have received the grant – larger than last years – worth a combined $49 million.
Demand is strong across Adelaide, with Mount Barker, Lightsview, Munno Para and Seaford, in particular, recording the strongest demand.
SA was recently announced as the state with the highest number of HomeBuilder grants per capita.
Treasurer Rob Lucas has welcomed the results, stating this reinforces his belief that South Australia has handled the pandemic relatively well, which has led to ongoing economic and job growth.
“We know South Australia is experiencing a massive housing and construction boom, which is great for local jobs, and it’s pleasing to see young South Australian first home buyers driving part of that economic activity,” said Mr Lucas.
“The Marshall Government is delighted to be able to support thousands of South Australians achieve the great Australian dream of home ownership, which can be a critical head-start in life.”
Rob Lucas, South Australian Treasurer
According to Mr Lucas, around 2,400 of those who received the First Home Owner Grant also applied for the Federal Government’s HomeBuilder scheme receiving between $15,000 and $25,000. This means many applicants were eligible to receive $40,000 towards their new home.
