Affordable Homes ASSIST


 Increase your purchasing power, not your repayments


Get into your own home sooner with Affordable Homes Assist – shared equity house and land packages backed by the State Government to help more South Australians into home ownership.

What is Assist?
Affordable Homes Assist is a home purchase ‘shared equity’ loan through the State Government, reducing the cost of buying select new homes for South Australians on low to moderate incomes up to $110,000. SA Housing Authority covers a portion of the initial investment of select house and land packages, so you can increase your purchasing power without increasing your mortgage repayments. 
These homes will only be available in the Western suburbs.
How does it work?

Buying an Assist home gives you full and complete ownership of the property – SA Housing Authority is simply registered as the second mortgage holder on your property’s title. You only need to return the amount initially invested by SA Housing Authority if you sell, refinance or move out of your property.

Eligible buyers enter into an agreement with SA Housing Authority to cover a percentage (up to 35%) of the initial investment into an Assist home, payable back following refinancing or sale– whichever comes first.

To buy you will need to be eligible under the Affordable Homes program.  To determine how much you could pay up front, and how much the SA Housing Authority will hold in equity, speak to HomeStart Finance about your eligibility for Assist. 

Assist percentage

When the agreement ends, the Assist buyer returns the same proportion of the property value at the time of refinance or resale, as was initially invested by SA Housing Authority.

Thanks to HomeStart Finance, upfront costs on some properties could be as low as $10,000, and you’ll pay no Lenders Mortgage Insurance or account keeping fees.


What are the benefits?


  • Reduce your upfront payment by up to 35%
  • You’ll only need to pay back SA Housing Authority’s portion of the loan if you sell, refinance, or choose to pay off your mortgage
  • Get into your own home with deposit as low as $3,000
  • Lower monthly loan repayments
  • Pay no loan repayments for nine months or until your home is built, whichever comes first
  • No Lenders Mortgage Insurance (LMI)
  • No Account keeping fees
  • First home buyers can use the First Home Owners Grant towards the deposit, fees and costs
  • Low to moderate income households may be eligible for the State Government $10,000 interest free deposit gap loan

What’s the catch?

No catch! But, Assist properties will only be available for a limited time and will be sold to eligible buyers on a first-in-line basis.

Properties will be listed as they become available. 


You can check out what’s For Sale here.

All ASSIST properties will be clearly marked in the text description.


Where can I learn more about Affordable Homes Assist?

Download our Assist home buyer handout for more information.


What do I need to do?
If you meet the eligibility criteria  all you have to do is:
Step 1: Subscribe to receive email updates from Affordable Homes Program to be the first to know when new Assist properties are listed. 
Step 2: When you find a property you want to buy, contact Harcourts  on 08 8345 5500 or email [email protected]
Step 3: If you are first in line to contact Harcourts once the property is listed, are eligible, and have your letter of financial pre-approval, sign the paperwork to secure your new home. 
Am I eligible?
You must be eligible under the Affordable Homes Program.
  • Are a South Australian resident aged 18 or older
  • Don’t currently own a property
  • Plan to live in your own home
  • Are single and earn less than $85,000 or a couple/family earning less than $110,000
  • Have assets within the allowed limits.
SA Housing Authority may also require additional eligibility criteria for certain Assist properties, such as lower income and asset thresholds, or gender and age.
This will be communicated on the property listings and advertisements. 
Frequently Asked Questions


When will Affordable Homes Assist houses be available for purchase?

Assist is not available to all Affordable Homes Program properties. When Affordable Homes Assist properties are released, they will be sold to eligible buyers on a first in line basis.


To be the first to learn about new Assist homes releases, be sure to subscribe for Affordable Homes Program property alerts.


What sort of homes will be on offer?

The first release of homes will be in Adelaide’s western suburbs.

They will include 1 and 2 bedroom homes, and a very limited number of 3 bedroom homes.


Can I afford an Assist home?

Contact HomeStart Finance to get pre-approval on your finance.


Why Affordable Homes Assist?

Affordable Homes Assist increases your purchasing power without increasing your mortgage repayments, helping more South Australians into home ownership.


What other assistance can I get?

Depending on your individual circumstances you may also be able to access the First Home Owner’s Grant, or a $10,000 Starter Loan. HomeStart Finance will be able to advice if you can access this assistance.


Can I renovate my Assist home?

Yes, as you’re the full owner of the property you’re free to make improvements or renovations as you like.


Can I pay out all, or a portion of, the investment made by SA Housing Authority in my home?

Yes, you can. Simply contact HomeStart Finance for a valuation. They will then determine what balance is owing.


How soon can I sell my Assist home?

You can sell your Assist home 1 year after settlement. All Assist buyers are required to live in their home for a continuous period of 12 months immediately after settlement.


What happens when I’m ready to sell my Assist home?

If you decide to sell your Assist home, you firstly need to contact HomeStart Finance for a valuation and then inform SA Housing Authority of your intention to sell.


What if the market value drops to below the initial purchase price?

SA Housing Authority shares in a portion of any gain or loss in an Assist property’s value.