"South Australia shatters records with $932M in HomeStart loans to first time buyers"

“South Australia shatters records with $932M in HomeStart loans to first time buyers”

Christies Beach about | About Our Community | Blog | Buy | Community | company profile | Investment Information | Latest News | Local News | Uncategorised | Uncategorized | What's On 18th March, 2025 No Comments

“In a significant move to make homeownership more accessible, South Australia has seen a huge growth in loans to first-home buyers through HomeStart, with record lending totalling $932 million over the past year. This initiative has been made to help those entering the housing market, providing low deposit loans which have contributed to a 7 per cent increase in lending from the previous year”.

“The data revealed by the SA Government shows that in 2024, a total of 1768 loans were settled for first-home buyers. A considerable rise was seen in construction loans, with 1255 being settled. This marked an increase of over 40 per cent compared to the figures from 2023”.

These trends indicate a positive outlook for South Australia’s property market, with strong government support helping first-home buyers while also creating new opportunities for investors and homeowners. The key will be balancing supply and demand to ensure sustainable growth in the years ahead.

You can read the full article on GLAM ADELAIDE or click HERE