Graduate Loan

Those who are eligible;

» If you hold a Diploma, degree or higher qualification

» Specific tradespeople and technicians with a Certificate III/IV

» South Australian police and nurses.


Deposit costs start from as little as 3% of the purchase price, or 6% to build, depending on where you want to buy.

You will also need: 

  • $ 3,000 of savings held for at least three months, or twelve months of good rental history
  • clear credit history
  • funds to meet other purchase costs like fees and charges.

First Home Owner Grants

If you are an eligible first home buyer, HomeStart can help you apply for the Federal and State Government grants to put towards your deposit, fees and charges.

For further information on the First Home Owner Grants visit

Building a home

If you build, you can choose not to make loan repayments for the first nine months or until building is complete, whichever comes first.

Interest rate options

You can choose a variable, fixed or split interest rate (part fixed, part variable) for your loan. Fixed rates are available  for terms of 1-3 years.

Repayment Safeguard

HomeStart loans have a unique repayment method called the Repayment Safeguard, which helps to break the link between interest rates and repayment amounts.

Your initial repayments are based on your financial situation and typically adjusted once a year in line with inflation. This means in most cases, your repayment amount will only change once every twelve months.

Voluntary repaymentse

Voluntary repayments are any extra amounts you pay over and above your required repayment amount.

You can make voluntary repayments whenever you like.

If you have a variable rate, you can make unlimited voluntary repayments, and if you have a fixed rate, you can pay up to $10,000 extra per year.

If you have an Advantage or EquityStart Loan, voluntary repayments will go to these first.

Flexible loan options

If you want to improve your home or redraw voluntary repayments, contact The Home Loan Centre so we can explore your finance options