Building

HomeStart can help get you started on building the home you want, where you want and with the licensed builder you choose.

Guide to building a home

Building a home with a HomeStart Home Loan or Graduate Loan means you can:

  • reduce the amount you need upfront
  • choose no loan repayments for the first 9 months
  • save on stamp duty costs
  • buy land now, build later.

Reduce the amount you need upfront

First home buyers looking to build their own home can apply for grants in South Australia. This includes the $15,000 First Home Owners Grant (new home or building only). We will help you apply for this grant, which can be put toward your deposit, fees and charges.

Just remember, if you're choosing to buy land first and build later, you won't get your First Home Owner Grant funds until you pour your slab on your new home.

Choose no loan repayments for the first 9 months

You can choose not to make loan repayments for the first 9 months or until construction is complete, whichever comes first. This means you don’t need to cover loan repayments as well as rent or other payments on your current home.

Save on stamp duty costs

When you build, you only pay stamp duty on the land, which can be much less than what you pay on an existing home.

Buy now, build later

You can choose to buy a block of land now and build on it at a later stage. This gives you an opportunity to save money and reduce your home loan balance by the time it comes to build.
 



Zoe built a home with HomeStart and says if she can do it, anyone can.
 

Get into your own home sooner

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Level 5, 169 Pirie St, Adelaide SA 5000