By Jason Given · April 2026 · 6 min read · Updated October 2026
The honest answer
There is no universally right or wrong time to buy. The right time is when your financial position supports it - you have a deposit, stable income, manageable debts, and a clear understanding of what you can afford.
What we can say about 2026 specifically: government support for first home buyers in SA is as generous as it has ever been. The First Home Owner Grant, stamp duty concessions, and the First Home Guarantee combine to reduce upfront costs by $20,000-$40,000 for eligible buyers.
What is working in your favour
- ✓Government grants and concessions at their most generous level in years
- ✓5% deposit pathways through the First Home Guarantee - no LMI
- ✓Adelaide remains more affordable than Sydney and Melbourne, attracting interstate buyers who push prices
What to watch out for
Do not overextend. The maximum a bank will lend you is not necessarily what you should borrow. Factor in rate rises, lifestyle changes, and a buffer for unexpected costs. Buy within your comfort zone, not at your absolute limit.
Book a 15-minute chat - we will talk through the grants, concessions and schemes you may qualify for, and explain what we need to work through your borrowing position.
Sources: RevenueSA (First Home Owner Grant) · Housing Australia (First Home Guarantee). Information current as at April 2026 - confirm details with Lendology or the relevant body before making decisions.
Frequently asked questions
Is it better to wait for prices to come down?
Waiting assumes prices will fall - and that when they do, you will act. In practice, the best time to buy is when you can afford to, your deposit is ready, and you have found the right property. Lendology helps you understand your actual position so you can make the decision with confidence.
What government support is available right now?
SA first home buyers can access the $15,000 First Home Owner Grant for new builds, zero stamp duty on eligible new homes, and the First Home Guarantee which allows a 5% deposit with no LMI. These schemes can reduce your upfront costs by $20,000-$40,000. Lendology checks your eligibility for every available scheme.
Get a first home buyer assessment before you start inspecting
Jason or Steve will check your grant eligibility, your upfront costs and which lenders suit you.
15 minutes with Jason. No cost to you, the lender pays us when your loan settles. You pick a time, we call you.
Rather talk now? Call 08 8270 5138.