Buying a home

Buying a home

To buy a home in South Australia, HomeStart can help get you started sooner.

You could buy a home from 2% deposit and increase the amount you can borrow with a range of subsidised top up loans to help get you into your own home sooner.

Graduate Loan

The Graduate Loan is available to eligible graduates with a Certificate III or IV, diploma, bachelor degree or higher qualification.

Low Deposit Loan

Buy a home in metropolitan South Australia with as little as 3% deposit. To get started with a Low Deposit Loan, you need clear credit and a good savings history.

HomeStart Home Loan

Offering flexible interest rate and repayment options, the HomeStart Home Loan will get you started with as little as a 5% deposit, with less upfront costs.

Boost your borrowing power

Top up loans increase the amount you can borrow without increasing your monthly repayments. With most of these loans, there’s no need to make repayments until your primary HomeStart loan has been fully paid. They also have a lower interest rate comparable to CPI. Being able to borrow more gives you more options to live where you want, sooner.

Repayment Safeguard

We help take the stress out of paying off your loan with our Repayment Safeguard.

Here’s how our Repayment Safeguard works. Instead, of linking your repayments to interest rates, we work out an initial repayment based on what you can afford. The only change will be an adjustment for inflation once every 12 months.

So, if interest rates go down, you’ll pay off your loan faster. If they go up, it’ll take a little longer unless you choose to make voluntary repayments. Either way, you won’t have to stress about changing interest rates and you can enjoy living in your own home with peace of mind.