First Home Owners Grant SA South Australia
Demand in South Australia is steady and property is set to remain strong through 2009 and in to 2010. With the lowest mainland house prices in Australia, now is the time to be investing in property.
Eligible first home buyers in South Australia can access the First Home Buyers Grant of $14,000 for an established property or $21,000 if you are building or buying a newly constructed property. 
For properties valued under $450,000 in South Australia, the First Home Bonus Grant is applicable. First homebuyers who also qualify for the FHOG can access a one-off grant of up to $4,000.
The grants are easy to apply for, in fact your mortgage broker can complete most of the paperwork for you, to ensure that nothing is missed and you can know exactly how much you can spend on your first home.
However you use the grant if up to you, but you can gain some useful information about the best way to maximise the grant by talking to your mortgage broker or financial planner. You could use the grant to pay for the legal and settlement fees, or towards your deposit, or perhaps to buy some new furniture.
By themselves, each grant is a considerable financial support to first home owners, but together the two grants offer much needed assistance to Australians buying their first home. Make sure you know exactly what you can claim and how much you can get. These incentives are specifically designed for first time buyers so start planning today. The grants are a one-off payment to first home owners that meet the eligibility criteria. Usually you receive the grant on settlement, or at the time of the first payment for those building a property.
Trends in South Australia's housing market
According to the
Australian Bureau of Statistics, South Australia recorded a 10.8% gain in home loan
approvals for owner-occupied homes during the month of December.
South Australia enjoys the benefit of international students generating demand for rental properties, and a resource-rich status which holds up the home loan market. The Adelaide market itself is strong and has enough underlying demand to keep even, until things pick up again. South Australia has seen an increase in the number of first home buyers looking for properties, due to the increase to the first home buyer grant and lower interest rates.
New home sales rose nationally over the previous three months with South Australia boasting a rise of new home sales of 24.2 per cent.
When looking for a home loan, consumers should be considering if they can afford the repayments and factor in any future interest rate rises. The first home owner grant certainly goes a long way in helping Australian's afford to buy a property, and with the help of a mortgage broker and some careful planning, managing the loan repayments will be simple.
From October 1st 2009 the First Home Owners Grant is reduced to $10,500 for those buying an existing home, and $14,000 for those
building or buying a new home. Then from December 31 it will be cut
back to the original $7,000 for both categories.
Want to find out more about the grants available to you? To make the most of the grants, talk to your local mortgage broker for professional advice and assistance. Call and find your nearest mortgage broker today on 
Find out how much you can get by visiting:
http://www.revenuesa.sa.gov.au/
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More in this Section | Eligible first home buyers in Australia can access the First Home Buyers Grant. | First home buyers who meet the eligibility criteria in ACT are entitled to the First Home Buyers Grant. There may also be stamp duty concessions available. | Eligible first home buyers in Northern Territory can access the First Home Buyers Grant as well as concessions on stamp duty. | Eligible first home buyers in Western Australia can access the First Home Buyers Grant as well as stamp duty concessions. | Eligible first home buyers in Tasmania can access the First Home Buyers Grant as well as stamp duty concessions. | First home buyers who meet the eligibility criteria in Queensland are entitled to the First Home Buyers Grant. | The first home market in many Victorian suburbs is strong. This is partly due to the fact that eligible first home buyers in Victoria can access the First Home Buyers Grant. | Eligible first home buyers in New South Wales can access the First Home Buyers Grant. | Eligible first home buyers in Australia can access the First Home Buyers Grant. |
First Home Grants
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Get the Most out of your FHOG
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What you you wanted to know about FHOG but were too afraid to ask! |
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