SA · Owner-occupier · Updated October 2026

South Australia Owner-Occupier Home Loans, October 2026

Owner-occupier home-loan pricing is generally national, so buying in South Australia does not by itself change a lender's advertised rate. What changes in SA is the cash required at settlement: stamp duty, first-home-buyer assistance and the local Home Guarantee Scheme price cap. Compare rates nationally, then apply the state rules below.

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Owner-occupier in SA

What changes when you compare owner-occupier loans in South Australia

Owner-occupier pricing in the live comparison linked above is national, the rate is the same buying in Adelaide as it is anywhere else. What does change is the cash going in. SA buyers can combine the $15,000 First Home Owner Grant with the state stamp duty concession (full exemption on new homes and vacant land to build a new home, no property value cap, for contracts from 6 jun 2024 (the prior caps of ≤ $650,000 for homes and ≤ $400,000 for land applied only to contracts from 15 jun 2023 to 5 jun 2024)) and the federal Home Guarantee Scheme cap of $900,000 (Adelaide) / $500,000 (rest of SA). Those three together can shift your minimum deposit by tens of thousands without ever changing the advertised rate itself. HomeStart Finance also runs in SA for eligible buyers, see the panel below.

Source: RevenueSA · Verified September 2026. Cap data from Housing Australia. See also our stamp duty calculator.

Comparing by deposit size: 80% LVR (no LMI), 90% LVR (LMI required), 95% LVR (Home Guarantee Scheme eligible) for South Australia.

Comparing owner-occupier loans elsewhere: Tasmania · Australian Capital Territory.

Federal scheme · Available nationwide

Australian Government 5% Deposit Scheme, no LMI

Buy a home with as little as a 5% deposit without paying Lenders Mortgage Insurance, the federal government guarantees the rest. Since 1 October 2025 the scheme has unlimited places, no income caps, and significantly higher property caps. The property must be your principal place of residence (no investors).

First home buyers

5% deposit, no LMI

Scheme places

Unlimited, no waiting list

Single parents

2% deposit, no LMI

Source: firsthomebuyers.gov.au · Verified September 2026

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State schemes · South Australia

First home buyer benefits in South Australia

First Home Owner Grant (FHOG)

$15,000, Buying or building a new home (newly constructed or substantially renovated). No property cap as of recent updates.

Stamp duty concession

Full exemption on new homes and vacant land to build a new home, no property value cap, for contracts from 6 Jun 2024 (the prior caps of ≤ $650,000 for homes and ≤ $400,000 for land applied only to contracts from 15 Jun 2023 to 5 Jun 2024).

5% Deposit Scheme property cap

Maximum property price for the federal 5%-deposit scheme in South Australia: $900,000 (Adelaide) / $500,000 (rest of SA).

State program, HomeStart Finance

SA-government-owned lender. Low-deposit home loans (typically 3% deposit) for eligible South Australians. Several products including a Graduate Loan and Advantage Loan. Visit HomeStart Finance →

Source: RevenueSA · Verified September 2026. Grant amounts and property caps change, confirm with the linked source before applying.

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