SettlementGrants & Concessions – Residents &Non Residents

SettlementGrants & Concessions – Residents &Non Residents

What am I entitled to?

RevenueSA administers the first home owner grant along with a number of other grants and concessions from the government for new home buyers. You may be eligible for:

  • First Home Owner Grant
  • Off-the-plan Stamp Duty Concession

First Home Owner Grant (FHOG)

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 grans and concessions. Please see the Other Grants and Concession page for more information.

Off-the-plan Stamp Duty Concession (OTP)

If you are purchasing a new or substantially refurbished apartment within the defined area you may be eligible for an OTP stamp duty concession of up to $21 330 (capped at stamp duty payable on a $500 000 apartment), if your contract to purchase was entered into between 31 May 2012 and 30 June 2014. This concession is in addition to the FHOG.

If eligible, no stamp duty will be payable where the apartment has a market value of $500 000 or less. Where an apartment purchased has a market value greater than $500 000, you will be entitled to a stamp duty concession of $21 330. A calculator is available to determine the stamp duty payable and concession that could be applicable.