Affordable Homes ASSIST


Increase your purchasing power, not your repayments
Affordable Homes Assist is a shared equity program that helps eligible buyers purchase house and land packages.


Backed by the Government of South Australia, Assist reduces your purchase price and subsequent repayments of a property because SA Housing Authority covers a portion of the initial investment.

How does Assist work?
When you purchase a home through Assist, you’ll contribute the deposit and a portion of the value of the home through a primary home loan. SA Housing Authority contributes the remaining portion of the home’s value through a second mortgage.

For example:

1.  The house you want to purchase is listed on the market for $350,000
2.  You contribute $262,500 for the deposit and primary loan (75% of the total value at purchase)
3.  SA Housing Authority contributes $87,500 (25% of the total value) as an Assist Loan


What are the benefits of an Assist Loan?
Lower monthly loan repayments
No Lenders Mortgage Insurance
No account keeping fees
Pay no loan repayments for nine months or until your home is built, whichever comes first
First home buyers can use the First Home Owners Grant towards the deposit, fees and costs

What’s the catch?
No catch! But Assist properties are only available for a limited time and are sold to eligible buyers on a first in line basis.


What do I need to do?
Step 1:  Check you’re eligible for the Program
Step 2: Register for property alerts for newly released Assist homes
Step 3: Contact the sales agent selling the home and they’ll put you in touch with the lender managing the shared equity loan.
Step 4: If you’re the first eligible buyer and have your financial pre-approval, sign the paperwork to secure your new home.

Want more information?
Download our Assist home buyer brochure here
View some frequently asked questions here