Buying a home that is affordable

Buying a home that is affordable

The low-cost Homes Program offers eligible buyers exclusive usage of properties at costs below the normal market price. These properties are for sale to a restricted time frame before being listed on the market regarding the available market.

Properties can be found throughout South Australia and can include previous public and community housing stock, and brand brand new homes within the latest developments.

The procedure of shopping for a home that is affordable

1. Look at your eligibility

To qualify, everybody else that will be listed as an owner on the certification of title must:

  • be aged 18 years or older
  • maybe not presently possess a house
  • want to reside in your house as an owner occupier
  • be a resident of Southern Australian
  • meet with the income and asset restrictions.

Public and housing that is community

Current Housing SA or community housing renters are immediately qualified to receive the Homes that is affordable program. You must repay the debt in full before the settlement date if you have a debt with Housing SA. If effective you may no longer qualify for general general public housing, and any beginning applications will once be cancelled a home is paid for.

2. Find a residential property

Look at the Affordable Homes site to see all homes that are available. You are able to register to receive e-mails alerts when a house has been detailed that matches your preferences.

Properties can also be advertised in newspapers or on websites online

3. Arrange finance

You may be accountable for organising your very own finance and that can utilize the lender of one’s option. If approved for a loan ‘in principle’, your loan provider should give you a page confirming the total amount to be lent.