The SHG is a grant of up to $8500 available to natural persons 60 or more years of age who are purchasing or building a new home.
The SHG applies to building contracts and contracts for the purchase of a new home entered into between 1 July 2014 and 30 June 2016 (inclusive) or, in the case of owner builders, where construction of the new home commences between 1 July 2014 and 30 June 2016 (inclusive).
An applicant for the SHG must be:
a person who has entered into a contract to purchase a new home; or
a person for whom a new home is being built under a comprehensive home building contract; or
an owner builder who is building a new home;
where the contract is signed (or construction was commenced by an owner builder) between 1 July 2014 and 30 June 2016.
Each owner of the property must be included on the application.
At least one applicant for the SHG must be aged 60 or more at the time of application lodgement.
At least one applicant who is aged 60 or more must occupy the home to which their application relates as their principal place of residence for a continuous period of at least six months commencing within 12 months after completion of the eligible transaction.
The South Australian Government has chosen not to apply any age-appropriate criteria to properties. For the SHG to be potentially available, a home need only be new.
A 'new' home is home that has not previously been occupied or sold as a place of residence (including a substantially renovated home).
Yes, in relation to building contracts, owner builders and off-the-plan purchases, the following requirements apply:
if the eligible transaction is a comprehensive home building contract for a new home—the contract must state that the eligible transaction will be completed within 18 months after the laying of the foundations for the home is commenced or, in any other case, the eligible transaction must be completed within 18 months after the laying of the foundations for the home is commenced;
if the eligible transaction is the building of a new home by an owner builder—the transaction must be completed within 18 months after its commencement date; and
if the eligible transaction is a contract for an off-the-plan purchase of a new home—the contract must state that the eligible transaction will be completed on or before 31 December 2017 or, in any other case, the eligible transaction must be completed on or before that date.
The SHG is $8500 in relation to eligible properties valued up to $400 000, with the amount of the grant phasing out at a rate of $17 per $100 for properties valued between $400 000 and $450 000.
Where a property is valued at $450 000 or greater, no SHG is available.
The SHG is funded by the South Australian Government.
Yes, however a person cannot claim both the SHG and FHOG in relation to a particular home. If a person meets the eligibility criteria for both grants, they must claim the FHOG.
Only one SHG is payable in relation to a particular home.
No, as it is a condition of the SHG that an applicant holds a relevant interest in the home to which their application relates. the First Home and Housing Construction Grant Act 2000 defines 'relevant interest' to include various modes of property ownership, such as an estate in fee simple. Significantly, the legislation states that a licence, lease or other right of occupancy can only qualify as a relevant interest if granted by the Commonwealth or the State.
As a resident in a retirement village or residential park does not become registered on the land title but instead obtains a private licence, lease or right of occupancy, they do not hold a relevant interest and as such do not qualify for a SHG.
Please also note that the SHG is only available to natural persons.
An applicant is ineligible to receive the SHG if the applicant or their spouse/domestic partner has previously received and retained a SHG.
An applicant can submit their Seniors Housing Grant Application to RevenueSA or the Approved Agent providing their finance, together with the necessary supporting documentation. Applications must be received within 12 months of the completion of the eligible transaction.
In relation to the purchase of a home, completion of the eligible transaction typically occurs at settlement. Where a home is built, completion of the eligible transaction occurs when the home becomes complete and ready for occupancy as a principal place of residence.
The date the SHG is paid depends on whether an applicant is building or buying and whether the application is lodged with an Approved Agent or RevenueSA. The following table details the various scenarios.
|Type of transaction||Applying through||Payment of grant|
|Purchase of a new home or an off-the-plan home||Approved Agent||At date of Settlement|
|RevenueSA||Within five days after approval of the application, following proof of lodgement for registration with the Lands Titles Office (please complete a Confirmation of Settlement form).|
|Contract to build||Approved Agent||On date of first progress payment by Approved Agent.|
|RevenueSA||Within five days of lodging the first progress payment invoice and approval of the application by RevenueSA.|
|Owner builder||Approved Agent||When application with required supporting evidence is provided to the Approved Agent.|
|RevenueSA||Within five days of RevenueSA approving the application lodged with required supporting evidence.|