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This page provides information about the payment of the first home owner grant.

Grant amount

If you are a first home buyer, you may be eligible for the first home owner grant of up to $15,000 if you are purchasing or building a new home.

You will not be eligible for the grant if you, another applicant, or your spouse or domestic partner have already received it.

There is no limit to the number of applicants who can apply for the first home owner grant, but only one grant is payable per eligible transaction. An eligible transaction refers to:

  • a contract for the purchase of a new home, off-the-plan apartment or substantially renovated home
  • a contract to build a home
  • the construction of a home by an owner builder

You cannot receive the first home owner grant if there is no consideration for the home.  This means you cannot receive the grant if you have not paid any money for the purchase or construction of the home.  Homes that are gifted or won are therefore not eligible for the first home owner grant.

The grant amount cannot be more than the consideration.  If the consideration (the purchase price or cost of construction) is less than $15,000, you can only receive a grant equal to the consideration.

Consideration
(purchase price or cost of construction)
Grant amount you can receive
$15,000 or moreFull grant of $15,000
Less than $15,000

Partial grant equal to the consideration

For example, if you buy or build a new home for $10,000, you can only receive a first home owner grant of $10,000.

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Payment of the grant

The first home owner grant is paid by electronic funds transfer into a bank account you nominate and cannot be split across accounts.

If you are applying with RevenueSA, you will need to include the payment details in your application so we know where to pay the grant.  You will need to tell us the:

  • name of the financial institution and branch
  • account name
  • BSB number
  • account number

If you are applying through an approved agent, the grant will be paid through the agent.

The timing of the first home owner grant payment depends on:

  • whether you are building or buying your new home
  • whether you lodge your application through an approved agent or you lodge your application yourself to RevenueSA
  • when your application is approved

Applications that are incomplete or missing the required supporting documentation cannot be approved.

Important: If you require the grant for settlement or the first progress payment, you must lodge your application with an approved agent.

If you have applied through your financial institution (if it is an approved agent), the first home owner grant could be paid on:

New home or off-the-plan apartmentDate of settlement
Comprehensive building contract or contract to buildDate of the first progress payment by your approved agent
Owner builderDate of when application with appropriate supporting evidence is provided to the approved agent along with a Statutory Declaration stating that the home is complete and ready for occupation as a place of residence

If you are lodging your application directly to RevenueSA, the first home owner grant could be paid within 5 days after approval of the application.

RevenueSA is unable to approve any applications until all the required supporting documentation is received.

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