The Department of Human Services (DHS) has announced that 100 affordable and market homes built specifically for low-and-moderate income South Australians have been built and sold.
Minister for Human Services, Michelle Lensink said first-home buyers snapped up the affordable homes which sold for between $250,000 and $418,000.
Ms Lensink said the $21.4 million Government plan produced 100 new homes, including 71 affordable homes, which was a major boost for homeowners and the construction industry.
“Our strong plan to increase the supply of affordable housing in South Australia is hitting the mark when it comes to helping people on lower-and-moderate incomes get into homeownership, as well as supporting vital jobs during the COVID-19 pandemic,” Ms Lensink said.
“In what’s been a challenging and tight housing market, the sale of our 71 affordable homes has given many South Australians the opportunity to buy homes in suburbs within 20 to 40 minutes from the CBD.”
She said the two-and-three-bedroom homes were built in Blair Athol; Edwardstown; Findon; Kidman Park; Kilburn; Morphettville; Mt Barker; Pooraka; Woodville Gardens; Taperoo; Tonsley; Croydon Park; Felixstow; Klemzig; South Brighton; South Plympton; Mitchell Park; Devon Park; and Elizabeth Park.
She said a $400 million Government plan to deliver a further 1,000 new affordable homes by 2025 was underway.
Ms Lensink said homes were already under construction in Morphettville; Findon; Woodville West; Kidman Park; Dover Gardens; and Devon Park.
She said the current affordable home eligibility criteria was that annual household income was less than $110,000 before tax (couple or family) or $85,000 before tax (single); that applicants could not own any residential property, including overseas or in regional Australia; and must live in the new home for at least six months within the first 12 months of buying.
More information on the HomeSeeker SA program can be accessed at this PS News link.
