Buying a home that is affordable

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Buying a home that is affordable

The low-cost Homes Program offers eligible purchasers exclusive usage of properties at costs underneath the market rate that is normal. These properties are around for a restricted time period before being detailed on the market in the available market.

Properties can be obtained throughout Southern Australia and can include previous public and community housing stock, and brand new homes into the latest developments.

The procedure of purchasing a home that is affordable

1. Look at your eligibility

To meet the requirements, every person that will be detailed as an owner regarding the certification of title must:

  • be aged 18 years or older
  • perhaps not presently possess a residential property
  • intend to are now living in your house as an owner occupier
  • be a resident of South Australian
  • Meet the asset and income limits.

General Public and housing that is community

Present Housing SA or community housing renters are immediately entitled to the Affordable Homes program. For those who have a financial obligation with Housing SA you need to repay the debt in full ahead of the settlement date. If successful you certainly will no further qualify for general public housing, and any beginning applications will once be cancelled a home is paid for.

2. Find a residential property

Go to the Affordable Homes site to look at all available houses. It is possible to register to get e-mails alerts whenever a house is detailed that matches your requirements.

Properties can also be advertised in papers or on websites online

3. Arrange finance

You may be in charge of organising your very own finance and will utilize the loan provider of one’s solution. Read more