Building a home

Building a home

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

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

  • reduce the amount you need upfront
  • no loan repayments for the first 9 months or until your home is built, whichever comes first
  • 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 (FHOG) if you buy a new home or build (contracts up to $575,000). We will help you apply for this grant, which can be put toward your deposit, fees and charges.

Contact Revenue SA to find out more.

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.

If you’re looking for ways to further reduce upfront costs when building a new home, consider a House & Land Package with one of HomeStart’s participating builders.

No loan repayments for the first 9 months or until your home is built, 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.