The State Government has reached a historic deal with the Federal Government worth $801.5 million to build 6,877 homes for South Australian first home buyers.

This makes South Australia the first state signed on to deliver its share of the 100,000 homes just for first home buyers the Federal Government committed to deliver at the 2025 Federal Election.

The Premier’s Housing Roadmap has made South Australia a national leader in housing policy with industry groups like the Housing Industry Association and the Business Council of Australia consistently ranking the South Australian Government as #1 in the country on housing.

According to the Australian Bureau of Statistics, there are more homes under construction in South Australia right now than there ever have been before, with 14,916 dwellings under construction at the end of September 2025.

The new funding deal includes $534 million in concessional loans and a $133.6 million grant from the Commonwealth to significantly expand several key housing initiatives already underway by the South Australian Government.

These include:

• A $300 million concessional loan to deliver even more water infrastructure in the Northern Suburbs, on top of the $1.5 billion already invested by the State Government, that will deliver 4,000 homes
• A $50 million 3-year concessional loan to deliver a new first homebuyer-only precinct of 400 homes within Playford Alive
• A $184 million concessional loan to deliver over 1,700 homes at multiple urban renewal projects across Adelaide
• ·$133.6 million in grant funding, which South Australia will match, to deliver 750 dwellings for first home buyers through other programs.

The Government has:

• Supported the purchase of more than 1,284 homes by people who otherwise would have been unlikely to afford their own property through the HomeSeeker SA program;
• Abolished stamp duty for first home buyers who build a new home;
• Invested an unprecedented $1.5 billion in critical water infrastructure that underpins housing growth. To date, the investment has seen 34kms of pipes laid, directly unlocking over 9,400 allotments;
• Built thousands of homes across multiple urban renewal precincts like Southwark, Bowden, Playford Alive, Seaton, Prospect Corner and Noarlunga;
• Released land across South Australia to unlock over 50,000 homes for the future, including by passing landmark legislation to realign Environment and Food Production area boundaries to allow for more housing growth.