Are you a first-time home buyer in South Australia?
Let Kwelii Finance support your path to homeownership and get you into the home of your dreams. We’ll find the best finance solutions for you, including eligibility for government schemes, grants, and support programs to get you into your first home. Purchasing your first home can be a daunting process, but we make it easy by helping you every step of the way.
Financial assistance for first-time home buyers
As a first-time home buyer, you may qualify for a number of financial assistance programs and government schemes, such as the First Home Guarantee and Help to Buy Scheme.
First Home Guarantee Scheme
This Australian Government 5% Desposit Scheme (first-time home buyers) and 2% (single parents) reduces upfront costs with no income caps, no waitlists, and no Lenders Mortgage Insurance.
Help to Buy Scheme
This is a shared equity Scheme where the Australian Government will make a 30%-40% contribution to the purchase price of your home, enabling you to bridge the gap and buy sooner. First-time home buyers will need to save a minimum of 2% and get a home loan from a participating lender.
Government support options for South Australian residents
First Home Owner Grant SA
Receive up to $15,000 if you’re buying or building a new home in South Australia for your principal place of residence. This applies to the purchase or construction of a new home, an off-the-plan apartment, a substantially renovated home, a comprehensive building contract, or owner builders.
Stamp Duty Concessions
Eligible first home buyers may qualify for stamp duty relief for contracts entered into on or after 15 June 2023 when purchasing a new home, an off-the-plan apartment, or vacant land to build a new home on.
*Surcharges may apply for foreign owners who are not Australian citizens or Permanent Residents.
How Kwelii Finance helps
- Lending options: As a mortgage broker, we have access to a wide panel of lenders to help you find the best loans at no cost to you.
- Expert guidance: We help you navigate the process with step-by-step guidance from application to settlement.
- Grant support: We help you with government grants and incentives.
Home Buying Steps
Ready to take the first step to home ownership? Book your free consult and learn more about how you can qualify for assistance.