$2.5 billion

housing package

Helping to deliver the government’s target of building 13 500 new homes each year.

2 000

NEW RENT TO OWN HOMES

Under the more than $1.3 billion program, homes will be leased to tenants at 75 per cent of market rent for up to two years, with tenants provided the option to purchase the property by the end of the lease term.

Funds from the sale of dwellings will be reinvested into the program over the eight year period, along with a $133.6 million contribution from the Commonwealth Government being made as part of its 100 000 Homes for First Home Buyers program.

200 SUPPORTED ACCOMMODATION PLACES

$110 million over four years to build an additional 200 supported accommodation places to manage more complex South Australian Housing Trust tenants and those with specialised needs.

The supported accommodation model ensures individuals with complex needs, who find it difficult to integrate into suburban neighbourhoods, will also receive wrap around services.

PLAYFORD ALIVE ACCELERATION

$50 million in 2026-27 for enabling infrastructure to accelerate the delivery of 400 homes exclusively for first home buyers by the end of 2027. This initiative is assisted by an interest free loan from the Commonwealth Government as part of its 100 000 Homes for First Home Buyers program.

300 ADDITIONAL PUBLIC HOUSING UPGRADES

$30 million over five years to upgrade 300 vacant South Australian Housing Trust homes to reduce public housing vacancy rates and get more families in need into homes sooner.

HOUSING FAST-TRACK FUNDS

$500 million

HOUSING FAST-TRACK FUND

to secure and sell strategic land for housing development and to fast-track housing supply for South Australians, building more vibrant and accessible communities.

$500 million

APARTMENT FAST-TRACK FUND

to establish an apartment pre-sale guarantee fund that will unlock more apartment developments in the Adelaide CBD and accelerate the delivery of more homes for South Australians.

PORTABLE RENTAL BONDS SCHEME

$7 million over four years to establish a Portable Rental Bonds Scheme (PRBS) to allow renters moving properties to transfer their existing bond to their new rental property, with the government guaranteeing the bond amount for the original landlord.

The introduction of the PRBS will make it easier for renters to move between properties, putting an end to renters having to pay a new bond before receiving the refund of their existing bond.

PATTERN BOOK

$500 000 over two years to create a housing pattern book, comprising a suite of pre-approved architectural designs to reduce design costs and fast-track planning approvals to build new homes, while reducing delivery risks for builders.

NEW HOMESTART FINANCE OPTIONS FOR FIRST HOME BUYERS

$500 000 over two years to create a one-stop online shop for HomeStart Finance and HomeSeeker customers looking for assistance to buy their first home.

HomeStart will also undertake a range of new initiatives, including:

  • increasing the income eligibility thresholds for HomeStart Finance’s Advantage Loan and Starter Loan products to $110 000 in net household income
  • broadening HomeStart Finance’s shared equity loan scheme to multi-storey apartment purchases
  • extending the HomeStart Finance Graduate Loan to include firefighters, police and all technical college graduates.