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Affordable Homes Assist

Get into a home of your own sooner.

Affordable Homes Assist is a home purchase ‘shared equity’ loan through the SA Government, reducing the cost of buying select new homes for South Australians on low to moderate incomes up to $110,000.


Eligible buyers enter into an agreement with the SA Housing Authority who will cover a percentage (up to 49%) of the initial investment into an Assist home, payable back following refinancing or sale– whichever comes first.


When the agreement ends, the Assist buyer returns the same proportion of the property value at the time of refinance or resale, as was initially invested by SA Housing Authority.


An Assist buyer is a full and complete owner of the property’s title, enjoying all benefits and responsibilities of home ownership, while SA Housing Authority is simply registered on the property’s title as a holder of a second mortgage.


Finance for Assist properties is available from HomeStart Finance.


If you would like to find out more information, please register for an information session.




When available, properties can be found on our website



Advantages to you include:

  • Get into your own home with upfront costs from as low as $3000
  • Available to anyone who meets the income and asset limits, and does not currently own a home.
  • State Government share a portion of your property appreciation – lowering your monthly loan repayments.
  • You don’t pay for the State Government shared equity loan portion until you sell, refinance, or choose to pay it out.
  • HomeStart doesn’t charge Lenders Mortgage Insurance (LMI), and their Loan Provision Charge (LPC) is significantly less than LMI for most borrowers.
  • No Account keeping fees
  • First home buyers can use the First Home Owners Grant towards the deposit, fees and costs.
  • Low to moderate income households may be eligible for the State Government $10,000 interest free deposit gap loan.
  • Pay no loan repayments for 9 months or until your home is built, whichever comes first.




Am I eligible?

In some instances, additional criteria may apply, but you may be eligible for Affordable Homes Assist if you:

  • Are a South Australian resident aged 18 or older
  • Don’t currently own a property
  • Plan to live in your own home
  • Are single and earn less than $85,000 or a couple/family earning less than $110,000
  • Have assets within the allowed limits.

Check all eligibility requirements.


Why Affordable Homes Assist?

Affordable Homes Assist significantly increases purchasing power without increasing mortgage repayments, helping more South Australians into home ownership.


What if the market value drops to below the initial purchase price?

SA Housing Authority shares in a portion of any gain or loss in an Assist property’s value.


What happens to Assist funds recouped by the Government?

Any proceeds recouped from Affordable Homes Assist are used to help more South Australians access safe and affordable housing.


Can I make improvements to/renovate my Assist home?

Yes, you are the full owner of the property and free to make improvements or renovations as you see fit.


Can I pay out all, or a portion of, the investment made by SA Housing Authority in my home?

Yes. Contact HomeStart Finance for a valuation that will determine the balance owing.


How soon can I sell my Assist home?

Buyers are required to reside in an Assist home for a continuous period of 12 months immediately after settlement.


What happens when I’m ready to sell my Assist home?

When an owner decides to sell an Assist home, they must contact HomeStart Finance for a valuation and inform SA Housing Authority of their intention to sell.


What is the process to be an Assist home?

Register with Harcourts to find out more about Assist at an open night

Undertake pre-approval of your finance with HomeStart Finance

When Assist properties are made available for sale (on www.affordabehomes.sa.gov.au) contact the Real Estate Agent to be first-in-line.

Sign the paperwork to secure your home

Purchase the land

Construction to build

Home loan mortgage

Assist Deed with SA Housing Authority

Your home is built

You get the keys!


How do I find more information?

For further information on Affordable Home Assist contact:

Harcourts Property People

HomeStart Finance

Affordable Homes