The First Home Owner Grant (FHOG) is a government scheme that provides financial assistance to eligible first-time home buyers. The amount that the FHOG offers varies depending on the state or territory in which you live, but it is typically between $10,000 and $20,000. In South Australia, the FHOG is $15,000.
To be eligible for the FHOG, you must meet certain criteria, such as:
You can apply for the FHOG through your state or territory revenue office. The grant will be paid to you when you settle on your property.
The FHOG can be used to help you buy a new or established home, house and land, or townhouse. It can also be used to help you build a new home.
The FHOG is a great way to save money when you’re buying your first home. It can help you reduce the amount of money you need to borrow and make it easier to afford your monthly repayments.
First home owners in South Australia are eligible for the following grants and concessions.
First Home Owner Grant (FHOG)
The FHOG is a one-off grant of $15,000 that is paid to eligible first home buyers when they purchase or build a new home in South Australia. The FHOG is available for properties valued up to $650,000 (or $575,000 if the contract was entered into before 15 June 2023).
Stamp duty concession
First home buyers in South Australia are also eligible for a stamp duty concession on the purchase of their first home. The amount of the concession depends on the value of the property. For example, first home buyers who purchase a property valued up to $650,000 will pay no stamp duty.
Concessions on energy and water bills
First home buyers in South Australia may also be eligible for concessions on their energy and water bills. To be eligible, you must be the owner of the property and you must live in it as your principal place of residence. You must also hold a valid Concession Card, Health Care Card or receive an eligible Centrelink payment to qualify for energy and water concessions.
To apply for the First Home Owner Grant (FHOG) in South Australia, you can follow these steps:
Once you have lodged your application, it will be processed by RevenueSA. If your application is approved, you will receive the FHOG payment within 14 days.
For an easier, less overwhelming process, our team at Parrington Finance can lodge this application for you. We’ll help you make sure that everything is completed correctly and you’re aware of all Terms & Conditions.
Here are some additional tips for applying for the FHOG in South Australia:
If you have any questions about the FHOG application process, please contact our team of mortgage brokers on +61 458 688 886.
There are three state taxes and levies that are payable each year on property in South Australia:
Here are some additional details about each of these taxes and levies:
Emergency services levy
The emergency services levy in South Australia is payable annually. The due date for payment is usually in November, but the specific date varies from year to year. For the 2023-24 financial year, the due date for payment was 30th November 2023.
You will receive a notice of assessment from RevenueSA in the mail, which will tell you how much you owe and when it is due. You can pay the levy online, by phone, or by mail.
If you are unable to pay the levy in full by the due date, you can apply for an installment plan. To do this, you will need to contact RevenueSA.
If you do not pay the emergency services levy by the due date, you may be charged interest and penalties.
Here are some tips for paying the emergency services levy:
The amount of emergency services levy that you pay depends on the value of your property and the land use category.
There is a fixed charge of $50 per property. This charge does not apply to properties located in Regional Area 3 or to properties with a land use factor of special community use.
The variable charge is calculated using the following formula:
Variable charge = Capital value of property * Prescribed area factor * Prescribed land use factor * Prescribed levy rate
The prescribed area factors and prescribed land use factors are set by the South Australian Government. The prescribed levy rate is set each year in the State Budget.
There are a number of concessions available for the emergency services levy, such as for pensioners, veterans, and people with disabilities.
The land tax assessment period in South Australia runs from 1 July to 30 June. You are liable to pay land tax if you own land in South Australia at midnight on 30 June.
Land tax assessments are issued from October each financial year. You will receive a land tax assessment notice in the mail, which will tell you how much you owe and when it is due.
There are a number of land tax exemptions, waivers, and relief measures available in South Australia. These include:
Here are some additional details about some of the land tax exemptions, waivers, and relief measures that are available in South Australia:
Principal place of residence exemption:
Pensioner and veteran concessions:
People with disabilities concession:
Charitable organisation exemption:
Primary production land exemption and concession:
Vacant land concession:
The amount of land tax you pay depends on the unimproved value of your land. The unimproved value is the value of the land without any buildings or improvements on it.
The land tax rates for the 2023-24 financial year are as follows:
Unimproved value Up to
For example, if the unimproved value of your land is $500,000, you would pay land tax of $1,575 (1.55% of $500,000).
It is important to note that these are just general guidelines.
The land tax free threshold in South Australia for the 2023-24 financial year is $668,000. This means that you do not need to pay land tax if the unimproved value of your land is below this threshold.
If the unimproved value of your land is above the threshold, you will only pay land tax on the amount above the threshold. For example, if the unimproved value of your land is $700,000, you would only pay land tax on the $32,000 above the threshold.
Whether or not you pay land tax if you are building a home depends on a number of factors, including the value of your land, the stage of construction, and whether you are eligible for any exemptions.
Generally speaking, you will not pay land tax on your land while your home is under construction. This is because the land is considered to be “vacant” until the construction is completed and you move in.
However, there are a few exceptions to this rule. For example, if you have a permit to build a home but have not started construction, you may still be liable for land tax. Additionally, if you are building a home on a large parcel of land, you may be liable for land tax on the portion of the land that is not being used for construction.
If you are unsure whether or not you will be liable for land tax while you are building a home, you should contact RevenueSA. They will be able to assess your individual circumstances and provide you with advice.
Here are some additional things to keep in mind:
Stay on track with a hassle-free process. Contact Parrington Finance today. We’ll help you figure out the grants and commissions you’re eligible for and assist you with your First Home Owner Grant Application.