Terms and Conditions

Subject to customers eligibility and council approval.

Full terms and conditions at RevenueSA.

(excerpt from Revenue SA website, 16th December 2013)

The First Home Owner Grant (FHOG) is paid by the State Government to eligible first home owners. The payment is made only after an application has been submitted to and approved by RevenueSA or a financial institution authorised by RevenueSA to process applications.

The FHOG applies to the purchase or construction of a residential property, including a house, flat, unit, townhouse or apartment that meets local planning standards anywhere in South Australia. The FHOG currently applies to both new and established homes, but will cease for established homes from 1 July 2014.

The residential property must be occupied as each applicants principal place of residence property for a continuous period of at least six months commencing within 12 months of date of settlement for contracts to purchase, or the date construction is completed for owner builders or contracts to build.

Visit revenuesa.sa.gov.au for more details.

(excerpt from Revenue SA website, 10th July 2014)

The Seniors Housing Grant (SHG) is a once off grant of up to $8500, available to natural persons, aged 60 years or more, who are purchasing or building a new home valued up to $400 000 and will phase out for eligilble homes valued up to $450 000. for first home owners, the SHG is not available in addition to the First Home Owner Grant (FHOG).

The SHG applies to:

• a contract to purchase a new home entered into between 1 July 2014 and 30 June 2016 (inclusive);
• a comprehensive home building contract for a new home entered into between 1 July 2014 and 30 June 2016 (inclusive) where the contract states that the building work will be completed within 18 months of commencement or the building work is actually completed within 18 months of commencement;
• a contract for the purchase of a new home off-the-plan entered into between 1 July 2014 and 30 June 2016 (inclusive) where the contract states that the building work will be commenced on or before 31 December 2017 or the actual building work is actually completed on or before 31 December 2017; and
• an owner builder where construction of the new home commences on or after 1 July 2014 and before 30 June 2016. The SHG is available to natural persons aged 60 years and over who purchase or build a new home as their principal place of residence.

Only one SHG is payable in relation to a particular new home and at least one of the applicants must: satisfy the Commissioner that they are aged 60 years or over; and

occupy the home as their principal place of residence for a continuous period of at least six months, commencing within 12 months after the completion of the eligible transaction.

In addition an applicant is ineligible to receive a SHG if the applicant or their spouse/domestic partner has previously received and retained a SHG.

Visit revenuesa.sa.gov.au for more details.