Home Loans in South Australia (SA) - Compare Rates from 70+ Lenders

Q: What is the average home loan interest rate in South Australia in 2026?

In South Australia, the average variable home loan interest rate for owner-occupiers paying principal and interest is approximately 6.78% as of 2 November 2026. The lowest variable rates available to SA borrowers start from 5.93% p.a. (6.28% comparison rate) from online lenders. Fixed rates start from 6.09% p.a. (6.24% comparison rate). These rates assume an 80% loan-to-value ratio on a standard owner-occupier loan. South Australia's lower median property prices compared to Sydney and Melbourne mean smaller loan sizes, resulting in lower total interest paid over the life of the loan.

Q: Which banks offer the best home loan rates in South Australia?

In South Australia, the best home loan rates as of 2026 come from a mix of online and traditional lenders. Unloan (backed by CommBank) offers a competitive variable rate with offset and redraw. Athena offers a competitive rate with automatic rate matching. Among the major banks, ING leads, followed by Macquarie and CommBank. BankSA (a division of Westpac) is the most prominent local bank with extensive branch coverage across South Australia. HomeStart Finance, the SA Government lender, offers unique low-deposit and graduate loan products not available from mainstream lenders.

Q: How much deposit do I need for a home in Adelaide?

To purchase a home in Adelaide at the median house price of approximately $750,000, you would ideally need a 20% deposit of $150,000 to avoid paying Lenders Mortgage Insurance (LMI). The minimum deposit most lenders accept is 5%, which is $37,500 for a $750,000 property. First home buyers in SA can access HomeStart Finance with deposits as low as 3% on some products. The federal First Home Guarantee also allows 5% deposits without LMI, with unlimited places and no income cap since October 2025. Regional SA properties with a median of approximately $380,000 require a 20% deposit of just $76,000, making them highly accessible for first-time buyers.

Q: What government grants are available for first home buyers in SA?

First home buyers in South Australia can access several government grants and schemes. The SA First Home Owner Grant provides $15,000 for new homes, with no property value cap for contracts from 6 June 2024. First home buyers purchasing a new home are fully exempt from stamp duty, also with no value cap. For established homes, no first home buyer stamp duty concession applies - standard rates apply. The federal First Home Guarantee allows 5% deposits without LMI (unlimited places and no income cap since October 2025). HomeStart Finance offers low-deposit loans from 3% with no LMI. The federal Help to Buy shared equity scheme requires just a 2% deposit.

Q: What is stamp duty on a $750,000 property in South Australia?

Stamp duty (transfer duty) on a $750,000 property in South Australia is approximately $35,080 for a standard purchaser. This is calculated as $21,330 plus 5.5% of the amount over $500,000. First home buyers purchasing a new home are fully exempt from stamp duty, with no value cap for contracts from 6 June 2024. For established homes, no first home buyer stamp duty concession applies - standard rates apply. South Australia's stamp duty rates are moderate compared to NSW and Victoria but higher than Queensland for equivalent property values. Foreign buyers pay an additional 7% surcharge on top of standard duty.

Q: What is HomeStart Finance in South Australia?

HomeStart Finance is a South Australian Government statutory authority that provides home loans to South Australians who may not qualify for mainstream bank lending. HomeStart offers several unique products including low-deposit loans (from 3%), the Graduate Loan for recent university graduates, and shared equity options. HomeStart does not require LMI on low-deposit loans, making it one of Australia's most accessible pathways to home ownership. Unlike WA's Keystart, HomeStart offers both fixed and variable rate options and provides offset accounts on some products. HomeStart has helped over 79,000 South Australians into home ownership since 1989. Income limits and property value caps apply depending on the specific product.

Q: What are the hidden costs of buying a home in South Australia?

Beyond the purchase price and stamp duty, buying a home in South Australia involves several additional costs. Conveyancing fees typically run $800-$1,500. Building and pest inspections cost $400-$700. Strata inspection reports for units cost $200-$350. Loan application fees range from $0-$600. Lenders Mortgage Insurance (LMI) applies if your deposit is below 20% and can cost $5,000-$20,000 on an Adelaide property. Land Services SA registration fees are approximately $180-$220. Adjustments for council rates and SA Water charges apply at settlement. Emergency Services Levy (ESL) is an ongoing annual cost unique to South Australia. Budget an additional 3-5% of the purchase price for these costs.

Q: What is the median house price in Adelaide in 2026?

The median house price in Adelaide is approximately $750,000 as of early 2026, according to CoreLogic data. Adelaide has been one of Australia's strongest-performing capital city markets over the past three years, with prices growing approximately 14% over the 12 months to September 2026. The median unit price in Adelaide is approximately $480,000. Prices range from $400,000-$550,000 in outer northern suburbs like Elizabeth, Salisbury, and Munno Para to over $1.5 million in eastern suburbs like Burnside, Unley, and Norwood. Adelaide's growth has been driven by interstate migration from Melbourne and Sydney, relative affordability, and lifestyle appeal.

Q: Can I get a home loan for regional South Australia?

Yes, most major banks and online lenders approve home loans for regional South Australia properties. All major lenders are active in the Barossa Valley, Mount Gambier, Murray Bridge, Victor Harbor, and Port Lincoln. Some lenders may have restrictions on very remote areas or properties in towns with small populations. Regional SA median prices around $380,000 make these areas very affordable compared to Adelaide. HomeStart Finance is particularly valuable for regional SA borrowers as it has broader geographic acceptance and lower deposit requirements. Credit unions like People's Choice (now Heritage and People's Choice) also have strong regional SA coverage.

Q: Is Adelaide property still affordable compared to other capitals?

Yes, Adelaide remains more affordable than Sydney, Melbourne, and Brisbane, though the gap has narrowed significantly due to Adelaide's strong price growth over the past three years. Adelaide's median house price of approximately $750,000 is 38% cheaper than Sydney ($1.2M), 19% cheaper than Melbourne ($930K), and 12% cheaper than Brisbane ($850K). A 20% deposit in Adelaide requires $150,000 compared to $240,000 in Sydney. Monthly repayments on an Adelaide median home (80% LVR, 6.2%) are approximately $3,650 compared to $5,900 in Sydney. Adelaide also benefits from the $15,000 FHOG (higher than NSW and VIC) and HomeStart Finance's low-deposit products.

Compare home loan rates available to South Australian borrowers. Adelaide metro median property price is ~$750K, regional SA ~$380K. Access the $15,000 FHOG and HomeStart Finance low-deposit products.

Rates updated 2 November 2026

Loan purpose

Repayment type

Loan amount

100% free. No impact on your credit score. Default loan amount based on 80% LVR on Adelaide median.

Where South Australia home loan rates sit today

Rates rising

4.60%

RBA Cash Rate

Up from 4.35% - 29 Sept 2026

$600K

Median New Loan

Fastest capital growth 2023-25

From 6.09%

Lowest Fixed Rate

6.24% comparison rate

Adelaide has seen the fastest capital growth of any Australian capital in 2023-2025, with median new mortgages around $600K. The RBA has lifted the cash rate to 4.60% (up from 4.35%). With variable rates currently lower than fixed, a variable loan is cheaper today but moves with each RBA decision. SA buyers and refinancers have multiple lenders to compare.

70+ lenders in SA Updated daily $15,000 FHOG available Adelaide & regional SA

South Australia Home Loan Key Facts

SA at a glance · 2026

6.78%

Avg variable rate

Owner-occ · lowest 5.93%

$750K

Adelaide median price

Regional SA ~$380K

$460K

Average loan size

Below national average

$35,080

Stamp duty (median)

Standard buyer · $750K home

FHB stamp duty exemption

New homes up to $650K (fully exempt).

Key SA features

$15,000 FHOG (highest mainland except QLD), HomeStart Finance low-deposit & graduate loans, fastest capital growth 2023-2025.

Sources: CoreLogic, RBA Table F6, ABS Lending Indicators, RevenueSA. Data as of 11 September 2026.

Best Home Loan Rates in Adelaide and South Australia

Rates shown are available to South Australia borrowers. Some lenders have postcode restrictions in remote areas. Monthly repayments are estimated based on a $750K property with 20% deposit ($600,000 loan) over 30 years.

Lender	Product	Rate (p.a.)	Comparison Rate	Monthly ($600K/30yr)	Features
SCCU	EMONEY HOME LOAN	5.93%	6.28%	$3,570	Offset, Redraw
SCCU	BROKER HOME LOAN	5.93%	6.28%	$3,570	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Value Home Loan - Owner Occupied	5.94%	5.98%	$3,574	Redraw, Digital banking
The Mutual Bank	Budget Home Loan	6.04%	6.04%	$3,613	Digital banking, Redraw
Greater Bank	Discounted Great Rate Home Loan - Variable Owner Occupied	6.09%	6.10%	$3,632	Redraw, Digital banking
Macquarie verified Sep 23	Basic Home Loan	6.09%	6.11%	$3,632	Offset, Redraw
South West Slopes Credit Union	Intro Discounted Standard Variable Home Loan	6.10%	6.10%	$3,636	Digital banking, Redraw, Offset, NPP
South West Slopes Credit Union	Optimum 2 Year Fixed Rate Home Loan	6.10%	6.10%	$3,636	Digital banking, NPP, Redraw
South West Slopes Credit Union	Optimum 3 Year Fixed Rate Home Loan	6.10%	6.10%	$3,636	Digital banking, NPP, Redraw
POLICE CREDIT UNION LIMITED	Low Rate Home Loan Special Offer - Owner Occupied	6.14%	6.18%	$3,651	Digital banking, NPP, PayID, Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	REFI SPECIAL OWNER OCCUPIED	6.14%	6.24%	$3,651	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	2 FIXED RATE HOME LOAN	6.14%	6.14%	$3,651	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	1 YEAR FIXED RATE LOAN	6.14%	6.14%	$3,651	Offset, Redraw
Bendigo Bank	Bendigo Express Home Loan	6.14%	6.27%	$3,651	Redraw, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 80% (Principal and Interest)	6.15%	6.20%	$3,655	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	GOVT LOW DEP VARIABLE OOC PI	6.17%	6.24%	$3,663	Redraw, Digital banking, PayID, NPP
Bank of China	Discount Home Loan (With Principal and Interest Repayment)	6.18%	6.38%	$3,667	Redraw, Digital banking
Bank of China	Discount Plus Home Loan (with Principal and Interest Repayment)	6.18%	6.56%	$3,667	Redraw, Offset, Digital banking
Bank of us	Flexidiscount Home Loan	6.19%	6.19%	$3,671	Redraw, Digital banking, NPP
FIRST OPTION BANK	SIMPLE HOME LOAN	6.19%	6.19%	$3,671	Digital banking, Redraw
Border Bank	Customs Value Home Loan	6.19%	6.26%	$3,671	Redraw, Offset
Up	Up Home Loan	6.20%	6.20%	$3,675	Digital banking, Offset, Redraw
Bank of us	TOPLINE HOME LOAN	6.24%	6.24%	$3,690	NPP, Redraw, Digital banking, Offset
UNITY BANK	Momentum Home Loan 60LVR - Owner Occupier - Variable - P&I SO	6.24%	6.29%	$3,690	Offset, Redraw, PayID, NPP, Digital banking
BankWAW	Back to Basics Owner Occupied	6.24%	6.29%	$3,690	Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR < 60%	6.24%	6.30%	$3,690	Redraw, Offset
Bank First Production	Basic Home Loan Variable LVR<60%	6.24%	6.29%	$3,690	Redraw, PayID, Digital banking
FIRST OPTION BANK	COMPLETE PACKAGE HOME LOAN	6.24%	6.59%	$3,690	Redraw, Digital banking, Offset
Police Bank	Goldrate Home Loan	6.24%	6.31%	$3,690	Redraw, Offset
BankVic	Home Loan Special Variable Rate	6.24%	6.24%	$3,690	Redraw, Offset
Border Bank	Goldrate Home Loan	6.24%	6.31%	$3,690	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing	6.24%	6.58%	$3,690	Redraw, Offset, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing INV	6.24%	6.58%	$3,690	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (up to 60%LVR)	6.24%	6.25%	$3,690	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 80% (Principal and Interest)	6.29%	6.66%	$3,710	Offset, Redraw, Digital banking
ING	Mortgage Simplifier	6.29%	6.32%	$3,710	Digital banking, PayID, NPP, Redraw
Bank First Production	Basic Home Loan Variable LVR 60-70%	6.29%	6.34%	$3,710	Redraw, PayID, Digital banking
A-Auswide Bank	BASIC HOME LOAN	6.29%	6.32%	$3,710	Redraw, NPP, PayID
Tiimely	Tiimely Basic Home Loan	6.29%	6.30%	$3,710	Redraw
Easystreet	STREET SMART VARIABLE HOME LOAN - OWNER-OCCUPIED (Principal and Interest)	6.29%	6.34%	$3,710	Offset, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.29%	6.66%	$3,710	Redraw, Offset, Digital banking
NRMA Insurance	NRMA Basic Home Loan	6.33%	6.37%	$3,726	Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - Without Offset	6.34%	6.39%	$3,729	Redraw, PayID, NPP, Digital banking
UNITY BANK	Momentum Home Loan 60-80LVR - Owner Occupier - Variable - P&I SO	6.34%	6.39%	$3,729	Offset, Redraw, PayID, NPP, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR <60%	6.34%	6.72%	$3,729	Offset, PayID, Digital banking, Redraw
BankWAW	Home Equity Loan Owner Occupied	6.34%	6.37%	$3,729	Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR 60-70%	6.34%	6.40%	$3,729	Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR <60%	6.34%	6.39%	$3,729	Offset, PayID, Digital banking, Redraw
Bank First Production	Basic Home Loan Variable LVR 70-80%	6.34%	6.39%	$3,729	Redraw, PayID, Digital banking
CENTRAL WEST CREDIT UNION LTD	Premium Smart Home Loan	6.34%	6.40%	$3,729	Redraw, Offset, Digital banking
Credit Union SA	40 Year Home Loan Package	6.34%	6.71%	$3,729	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (60%-80% LVR)	6.34%	6.35%	$3,729	Digital banking, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.34%	6.71%	$3,729	Redraw, Offset, Digital banking
HUME BANK LIMITED	myBlue Variable O/Occ P+I (up to 60% LVR)	6.34%	6.34%	$3,729	Redraw, Digital banking, Offset
BankVic	Fixed Rate Home Loan - 5 years	6.35%	6.35%	$3,733
BankVic	Fixed Rate Home Loan - 4 years	6.35%	6.35%	$3,733
BankVic	Fixed Rate Home Loan - 3 years	6.35%	6.35%	$3,733
BankVic	Fixed Rate Home Loan - 1 year	6.35%	6.35%	$3,733
BankVic	Fixed Rate Home Loan - 2 years	6.35%	6.35%	$3,733
BankVic	Home Loan Variable Rate	6.35%	6.35%	$3,733	Redraw
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Basic Home Loans	6.35%	6.38%	$3,733	Digital banking, Redraw
Qudos Bank	Low Cost Value Package	6.38%	6.56%	$3,745	Offset, Redraw
Qudos Bank	No Frills Home Loan	6.38%	6.38%	$3,745	Digital banking, NPP, PayID, Redraw
Qantas Money	QANTAS Money Basic Home Loan	6.38%	6.45%	$3,745	Redraw
Bendigo Bank	Bendigo Easy Home Loan	6.38%	6.40%	$3,745	Redraw
CommBank	Digi Home Loan (Owner Occupied)	6.39%	6.41%	$3,749	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.77%	$3,749	Digital banking, PayID, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.44%	$3,749	PayID, Digital banking, Redraw, Offset
BankVic	Offset Variable Rate Home Loan	6.39%	6.39%	$3,749	Redraw, Offset
POLICE CREDIT UNION LIMITED	Low Rate Home Loan - Owner Occupied	6.39%	6.46%	$3,749	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Renovation Loan - Owner Occupied	6.39%	6.46%	$3,749	Digital banking, NPP, PayID, Redraw, Offset
ORANGE CREDIT UNION LTD	Basic Variable Rate Home Loan	6.39%	6.44%	$3,749	Redraw
Bendigo Bank	Single Parents (Bendigo Complete Home Loan)	6.43%	6.65%	$3,765	Offset, Redraw
Unloan Prod	Unloan Home Loan	6.44%	6.35%	$3,769	Digital banking, Redraw, NPP
Bank of Queensland	Economy Variable Home Loan	6.44%	6.58%	$3,769	Redraw, Digital banking
THE CAPRICORNIAN	Variable Rate Offset Home Loan	6.44%	6.44%	$3,769	Offset, PayID, Digital banking, NPP, Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - With Offset	6.44%	6.49%	$3,769	Redraw, Offset, PayID, Digital banking, NPP
UNITY BANK	Momentum Home Loan 80LVR - Owner Occupier - Variable - P&I SO	6.44%	6.49%	$3,769	Offset, Redraw, PayID, NPP, Digital banking
ING	Orange Advantage	6.44%	6.73%	$3,769	Digital banking, PayID, NPP, Redraw, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.82%	$3,769	PayID, Digital banking, Redraw, Offset
Greater Bank	Discounted Ultimate Packaged Home Loan - Variable Owner Occupied	6.44%	6.80%	$3,769	Offset, Digital banking, Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.49%	$3,769	Offset, PayID, Digital banking, Redraw
Bank of Sydney	BOS Basic Home Loan Owner Occupied	6.44%	6.48%	$3,769	Redraw, Digital banking
The Mutual Bank	Package Home Loan	6.44%	6.80%	$3,769	Offset, Redraw, Digital banking
NAB	NAB Tailored Home Loan	6.44%	6.57%	$3,769	Offset, Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (60.01 - 80.00% LVR)	6.44%	6.44%	$3,769	Redraw, Digital banking, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 95% (Principal and Interest)	6.45%	6.50%	$3,773	Digital banking, Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR 70-80%	6.49%	6.55%	$3,788	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	BASIC VARIABLE LOAN	6.49%	6.59%	$3,788	Redraw, Offset
Cairns Bank	CLASSIC HOME LOAN VARIABLE <60 LVR PI	6.49%	5.95%	$3,788	Redraw
Aussie Home Loans	Aussie Elevate Basic Home Loan	6.54%	6.56%	$3,808	Redraw
Connective Select Home Loans	Connective Select Basic Home Loan	6.54%	6.56%	$3,808	Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 12 mths P&I Owner Occupied	6.54%	6.54%	$3,808	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 24 mths P&I Owner Occupied	6.54%	6.54%	$3,808	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 36 mths P&I Owner Occupied	6.54%	6.54%	$3,808	Offset, Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 60-80 LVR PI	6.54%	6.00%	$3,808	Redraw
AFG Home Loans Alpha	AFG Alpha Basic Home Loan	6.54%	6.56%	$3,808	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (80%-90% LVR)	6.54%	6.55%	$3,808	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 95% (Principal and Interest)	6.59%	6.96%	$3,828	Offset, Redraw, Digital banking
Unknown lender	Standard Variable Plus	6.59%	6.75%	$3,828	Redraw, Offset
Cairns Bank	PLUS HOME LOAN VARIABLE <60 LVR	6.59%	6.27%	$3,828	Redraw, Offset
LCU	Intelligent Mortgage 1 Year Fixed	6.60%	6.61%	$3,832	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage 2 Years Fixed	6.60%	6.63%	$3,832	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage Variable	6.60%	6.62%	$3,832	Redraw, Offset, Digital banking, NPP, PayID
THE CAPRICORNIAN	No Frills Owner Occupied Home Loan	6.64%	6.69%	$3,848	PayID, NPP, Digital banking, Redraw
Bank of Sydney	Expect More Home Loan Owner Occupied	6.64%	6.79%	$3,848	Digital banking, Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Variable	6.64%	6.69%	$3,848	Offset, Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE 60-80 LVR PI	6.64%	6.32%	$3,848	Redraw, Offset
Bank Australia	Basic Home Loan	6.64%	6.64%	$3,848	Digital banking, Redraw
Bank Australia	Offset Home Loan	6.64%	6.82%	$3,848	Digital banking, Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (80.01-90.00% LVR)	6.64%	6.64%	$3,848	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.85%	$3,868	PayID, Digital banking, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.51%	$3,868	Offset, PayID, Digital banking, Redraw
NAB	NAB Base Variable Rate Home Loan	6.69%	6.69%	$3,868	Redraw, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan Variable PI Owner Occupied	6.69%	7.03%	$3,868	Redraw, Offset, Digital banking
RACQ Bank	Fair Dinkum Home Loan	6.69%	6.69%	$3,868	Digital banking, NPP
Liberty Financial	Low rate home loan	6.74%	6.82%	$3,888	Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	STANDARD VARIABLE LOAN	6.74%	6.84%	$3,888	Redraw, Offset
Defence Bank Limited	Premier Low Rate	6.74%	6.74%	$3,888	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 80-90 LVR PI	6.74%	6.20%	$3,888	Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O(up to 60% LVR)	6.74%	6.48%	$3,888	Digital banking, Redraw
Community First Credit Union	Community Advantage Variable Owner Occupied (Principal and Interest)	6.79%	6.84%	$3,908	Redraw
Qudos Bank	Construction Home Loan	6.79%	6.65%	$3,908
RACQ Bank	Mortgage Saver Home Loan	6.79%	6.83%	$3,908	Digital banking, NPP, Redraw
Bank of Queensland	Clear Path Variable Home Loan	6.84%	6.96%	$3,928	Offset, Redraw
Liberty Financial	Debt consolidation home loan	6.84%	7.11%	$3,928	Offset, Redraw
Liberty Financial	Flexible home loan	6.84%	7.11%	$3,928	Offset, Redraw
Bank First Production	Basic Home Loan Variable LVR 80-90%	6.84%	6.89%	$3,928	Redraw, PayID, Digital banking
Defence Bank Limited	Premier Home Loan	6.84%	6.84%	$3,928	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Construction (INV)	6.84%	6.93%	$3,928	Offset, Digital banking, Redraw
AMP - My AMP	Equity Flex	6.84%	7.15%	$3,928	Redraw, Offset, Digital wallet, Digital banking
Cairns Bank	PLUS HOME LOAN VARIABLE 80-90 LVR PI	6.84%	6.51%	$3,928	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (60%-80% LVR)	6.84%	6.58%	$3,928	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (up to 60% LVR)	6.84%	6.56%	$3,928	Redraw, Digital banking, Offset
HORIZON BANK	Home Sweet Home Loan	6.89%	7.12%	$3,948	Redraw, Digital banking, NPP, Offset
IMB Bank	Essentials Home Loan	6.89%	7.00%	$3,948	Offset, Digital banking, Redraw
IMB Bank	Budget Home Loan	6.89%	6.95%	$3,948	Digital banking, Redraw
AMB Bank Product	DHOAS Construction Loan	6.89%	6.92%	$3,948
AMB Bank Product	DHOAS Rate Saver Home Loan	6.89%	6.92%	$3,948	Redraw
RACQ Bank	Mortgage Breaker Owner Occupied	6.89%	6.93%	$3,948	NPP, Digital banking, Offset, Redraw
Bank of us	TOPLINE RES. INV. LOAN	6.94%	7.01%	$3,968	NPP, Redraw, Digital banking, Offset
THE CAPRICORNIAN	Lifestyle Home Loan	6.94%	6.99%	$3,968	Offset, PayID, NPP, Digital banking, Redraw
St. George Bank	Basic Variable Home Loan	6.94%	6.95%	$3,968	Redraw, Digital banking
Bank of Melbourne	Basic Variable Home Loan	6.94%	6.95%	$3,968	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >80% <90%	6.94%	6.99%	$3,968	Offset, PayID, Digital banking, Redraw
BankSA	Basic Variable Home Loan	6.94%	6.95%	$3,968	Redraw, Digital banking
POLICE CREDIT UNION LIMITED	Better Home Loan 80% LVR - Owner Occupied	6.94%	7.01%	$3,968	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Better Home Loan 90% LVR - Owner Occupied	6.94%	7.01%	$3,968	Digital banking, NPP, PayID, Redraw, Offset
QBANK	Classic Home Loan	6.94%	6.96%	$3,968	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE >90 LVR PI	6.94%	6.40%	$3,968	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (90%-95% LVR)	6.94%	6.95%	$3,968	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (60.01 - 80.00% LVR)	6.94%	6.66%	$3,968	Redraw, Digital banking, Offset
Newcastle Permanent	Real Deal Home Loan Principal and Interest	6.99%	7.03%	$3,988	Redraw, Digital banking
MACARTHUR CREDIT UNION LTD	LOW LVR OOC P&I	6.99%	7.06%	$3,988	Redraw
AMB Bank Product	Construction Loan	6.99%	7.02%	$3,988
AMB Bank Product	RateSaver Home Loan	6.99%	7.02%	$3,988	Redraw
CENTRAL WEST CREDIT UNION LTD	Minimiser Home Loan	7.04%	7.10%	$4,008	Redraw, Digital banking
Defence Bank Limited	Ultimate Essentials I/O Con	7.04%	7.13%	$4,008	Offset, Digital banking
QBANK	Classic Plus Home Loan	7.04%	7.31%	$4,008	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Variable	7.04%	7.13%	$4,008	Digital banking, Offset, Redraw
AMB Bank Product	DHOAS Value Home Loan	7.04%	7.07%	$4,008	Offset, Redraw
AMB Bank Product	DHOAS Standard Variable Home Loan	7.04%	7.07%	$4,008	Redraw, Offset
AMP - My AMP	AMP Essential Home Loan	7.04%	7.07%	$4,008	Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE >90 PI	7.04%	6.71%	$4,008	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (80%-90% LVR)	7.04%	6.78%	$4,008	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (90.01 -95.00% LVR)	7.04%	7.04%	$4,008	Redraw, Digital banking, Offset
Westpac	Flexi First: Our lowest online variable home loan rate (Owner Occupied)	7.09%	7.10%	$4,028	Redraw, Digital banking
Bank of us	FLEXICHOICE HOME LOAN	7.11%	7.32%	$4,036	NPP, Redraw, Digital banking, Offset
NRMA Insurance	NRMA Offset Home Loan	7.13%	7.33%	$4,044	Offset, Redraw
Bendigo Bank	Bendigo Complete Home Loan	7.13%	7.35%	$4,044	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan	7.13%	7.30%	$4,044	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan (Retail)	7.13%	7.33%	$4,044	Offset, Redraw
Defence Bank Limited	Ultimate Essentials I/O	7.14%	7.23%	$4,048	Offset, Digital banking
Tiimely	Tiimely Offset Home Loan	7.14%	7.30%	$4,048	Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (80.01-90.00% LVR)	7.14%	6.86%	$4,048	Redraw, Digital banking, Offset
CENTRAL WEST CREDIT UNION LTD	Smart Home Loan	7.15%	7.21%	$4,052	Redraw, Offset, Digital banking
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 2 year	7.15%	7.15%	$4,052	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 1 year	7.15%	7.15%	$4,052	Digital banking, Redraw
Health Professionals Bank	Your Way Plus Home Loan	7.19%	7.48%	$4,069	Redraw, Digital banking, Offset
Health Professionals Bank	Your Way Home Loan	7.19%	7.26%	$4,069	Redraw, Digital banking
Regional Australia Bank	Regional Australia Bank Home Loan (Non Offset)	7.19%	7.22%	$4,069	Redraw
UniBank	Your Way Plus Home Loan	7.19%	7.48%	$4,069	Redraw, Digital banking, Offset
UniBank	Your Way Home Loan	7.19%	7.26%	$4,069	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR 80-90%	7.19%	7.02%	$4,069	Offset, PayID, Digital banking, Redraw
AMB Bank Product	Standard Variable Home Loan	7.19%	7.23%	$4,069	Redraw, Offset
AMB Bank Product	Value Home Loan	7.19%	7.23%	$4,069	Offset, Redraw
BankWAW	Flexible Choice Owner Occupied	7.24%	7.29%	$4,089	Redraw, Offset
Liberty Financial	Low doc home loan	7.24%	7.51%	$4,089	Redraw, Offset
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest	7.24%	7.30%	$4,089	Offset, Redraw
AMP - My AMP	AMP Superedge Loan	7.24%	7.61%	$4,089	Offset, Digital wallet, Digital banking
Credit Union SA	Variable Home Loan Package Principal and Interest	7.24%	7.59%	$4,089	Redraw, Offset, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >80% <90%	7.28%	7.65%	$4,105	PayID, Redraw, Digital banking, Offset
Qantas Money	QANTAS Money Offset Home Loan	7.28%	7.50%	$4,105	Offset, Redraw
MACARTHUR CREDIT UNION LTD	LOW LVR INV P&I HOME LOAN	7.29%	7.36%	$4,109	Redraw
Bank First Production	Basic Home Loan Variable LVR>90%	7.29%	7.34%	$4,109	Redraw, PayID, Digital banking
Credit Union SA	Discounted Variable Rate Home Loan Principal and Interest	7.29%	7.32%	$4,109	Redraw, Digital banking
ANZ	ANZ Simplicity PLUS	7.34%	7.34%	$4,130	Digital banking, Redraw
Newcastle Permanent	Premium Plus Package Variable Home Loan Principal and Interest	7.35%	7.67%	$4,134	Digital banking, Offset, Redraw
Aussie Home Loans	Aussie Elevate Offset Home Loan	7.39%	7.56%	$4,150	Offset, Redraw
ME Bank	ME Bank CompleteME Home Loan	7.39%	7.75%	$4,150	Offset, Digital banking, Redraw
Liberty Financial	Fresh start home loan	7.39%	7.73%	$4,150	Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >90%	7.39%	7.44%	$4,150	Digital banking, Redraw, PayID, Offset
Connective Select Home Loans	Connective Select Offset Home Loan	7.39%	7.56%	$4,150	Offset, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc Jumbo (BNK)	7.39%	7.46%	$4,150	Offset, Digital banking, Redraw
AFG Home Loans Alpha	AFG Alpha Offset Home Loan	7.39%	7.56%	$4,150	Offset, Redraw
Regional Australia Bank	Regional Australia Bank Home Loan (Offset)	7.40%	7.43%	$4,154	Offset, Redraw
UniBank	Your Way Home Loan	7.44%	7.36%	$4,171	Redraw, Digital banking
THE CAPRICORNIAN	Premium Choice Home Loan	7.45%	7.50%	$4,175	PayID, NPP, Digital banking, Offset, Redraw
ANZ	ANZ Standard Variable home loan	7.49%	7.49%	$4,191	Digital banking, Redraw, Offset
Credit Union SA	Standard Variable Rate Home Loan Principal and Interest	7.49%	7.54%	$4,191	Offset, Redraw
AMP - My AMP	Professional Package	7.52%	7.92%	$4,204	Redraw, Offset, Digital wallet, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR 80-90%	7.53%	7.68%	$4,208	Offset, PayID, Digital banking, Redraw
My State PM Production	Basic Variable Loan	7.54%	7.57%	$4,212	Redraw, Digital banking
My State PM Production	Special Residential Variable Loan	7.54%	7.59%	$4,212	Digital banking, Offset, Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O (90%-95% LVR)	7.54%	7.23%	$4,212	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Mortgage Equity Loan	7.60%	9.02%	$4,236	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR>90%	7.64%	7.47%	$4,253	PayID, Digital banking, Redraw, Offset
HUME BANK LIMITED	myBlue Variable O/Occ I/O (90.01 -95.00% LVR)	7.64%	7.31%	$4,253	Redraw, Digital banking, Offset
NORTHERN INLAND CREDIT UNION LTD.	Smart Home Loan Variable	7.69%	7.86%	$4,274	Redraw, Offset, Digital banking
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interst - Principal and Interest - LVR > 80%	7.74%	7.81%	$4,294	Offset, Redraw
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 80% LVR - Owner Occupied	7.74%	7.81%	$4,294	Offset, Redraw, NPP
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 90% LVR - Owner Occupied	7.74%	7.81%	$4,294	NPP, Offset, Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	HOME EQUITY LOAN	7.74%	7.85%	$4,294	Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >90%	7.78%	8.15%	$4,311	Redraw, Offset, PayID, Digital banking
Bank of Queensland	BOQ Essential Home Loan	7.82%	7.84%	$4,328	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I >750K	7.87%	7.94%	$4,348	Redraw, Digital banking, PayID, NPP
Greater Bank	Ultimate Packaged Home Loan - Variable Owner Occupied	7.91%	8.26%	$4,365	Digital banking, Redraw, Offset
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 500K TO 750K	7.97%	8.04%	$4,390	Redraw, Digital banking, PayID, NPP
CommBank	Standard Variable Rate Home Loan (Owner Occupied)	7.99%	8.35%	$4,398	Redraw, Offset, Digital banking
CommBank	Simple Home Loan (Owner Occupied)	7.99%	8.13%	$4,398	Redraw, Offset, Digital banking
Virgin Money Australia	Virgin Money Lite Home Loan	8.02%	8.04%	$4,411	Digital banking, Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR>90%	8.03%	8.17%	$4,415	PayID, Redraw, Offset, Digital banking
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 250K TO 500K	8.07%	8.14%	$4,432	Redraw, Digital banking, PayID, NPP
THE CAPRICORNIAN	Access Equity Home Loan	8.09%	8.14%	$4,440	PayID, NPP, Digital banking, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc (BNK)	8.09%	8.17%	$4,440	Offset, Digital banking, Redraw
Greater Bank	Great Rate Home Loan - Variable Owner Occupied	8.11%	8.12%	$4,449	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I	8.17%	8.24%	$4,474	Redraw, Digital banking, PayID, NPP
MACARTHUR CREDIT UNION LTD	MORTGAGE OFFSET OWNER OCCUPIED P&I	8.17%	8.24%	$4,474	Redraw, Digital banking, NPP, PayID, Offset
AMP - My AMP	Land Loan	8.20%	8.26%	$4,487	Redraw, Digital banking
BOQ Specialist	Basic Home Loan	8.27%	8.45%	$4,516	Redraw
HORIZON BANK	HANDYLOAN	8.39%	8.39%	$4,567	Digital banking, PayID, NPP, Digital wallet
Virgin Money Australia	Virgin Money Loaded Home Loan	8.41%	8.68%	$4,575	Offset, Digital banking, Redraw
Bank of Queensland	BOQ Plus Home Loan	8.49%	8.76%	$4,609	Digital banking, Redraw
My State PM Production	Standard Variable Loan	8.62%	8.68%	$4,665	Digital banking, Offset, Redraw
Bank of China	Standard Variable Rate Home Loan	8.64%	8.71%	$4,673	Redraw, Digital banking
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Special Home Loans	8.64%	8.67%	$4,673	Offset, Redraw, Digital banking
The Mutual Bank	Express Credit Facility	8.89%	8.89%	$4,780	PayID, NPP, Digital banking, Digital wallet
ANZ Plus	ANZ Plus Home Loan Variable	8.89%	8.89%	$4,780	Redraw, Offset, Digital banking
Judo Bank	Home Loan	8.90%	8.92%	$4,785	Redraw
Westpac	Premium Options Home Loan	9.08%	9.08%	$4,862	Redraw
Liberty Financial	Low deposit home loan	9.14%	9.89%	$4,888	Offset, Redraw
IMB Bank	Standard Variable Home Loan	9.21%	9.28%	$4,919	Offset, Digital banking, Redraw
THE CAPRICORNIAN	Mortgage Plus Home Loan	9.23%	9.23%	$4,927	Digital banking, Digital wallet, PayID, NPP
Bank of Melbourne	Variable Home Loan with Offset	9.34%	9.48%	$4,975	Offset, Redraw, Digital banking
BankSA	Variable Home Loan with Offset	9.35%	9.49%	$4,980	Offset, Redraw, Digital banking
St. George Bank	Variable Home Loan with Offset	9.36%	9.50%	$4,984	Offset, Redraw, Digital banking
Westpac	Rocket Loan: Variable Home Loan with Offset (Owner Occupied)	9.38%	9.52%	$4,993	Redraw, Offset, Digital banking
UNITY BANK	Retirees Access Home Loan	9.50%	9.60%	$5,045	Redraw, PayID, NPP, Digital banking
Arab Bank Australia Ltd Prod	The Basics Home Loan	9.54%	9.67%	$5,063	Redraw, Digital banking
Arab Bank Australia Ltd Prod	Basics Home Loan Special Offer	9.54%	9.67%	$5,063	Digital banking, Redraw
Bank of Melbourne	Relocation Loan without end	9.63%	9.45%	$5,102
Bank of Melbourne	Relocation Loan with end	9.63%	9.45%	$5,102
Arab Bank Australia Ltd Prod	Essentials Home Loan Special Offer	9.64%	9.69%	$5,107	Digital banking, Redraw, Offset
Arab Bank Australia Ltd Prod	Essentials Home Loan	9.64%	9.69%	$5,107	Redraw, Digital banking, Offset
BankSA	Relocation Loan with end	9.64%	9.46%	$5,107
BankSA	Relocation Loan without end	9.64%	9.46%	$5,107
St. George Bank	Relocation Loan without end	9.65%	9.47%	$5,111
St. George Bank	Relocation Loan with end	9.65%	9.47%	$5,111
BOQ Specialist	Plus Home Loan	9.69%	9.69%	$5,129
BOQ Specialist	Home Loan Banking Package	9.87%	10.33%	$5,208
A-Auswide Bank	HOME LOAN PLUS	10.01%	10.17%	$5,270	Offset, Redraw, NPP, PayID
NAB	NAB FlexiPlus Mortgage	10.36%	10.36%	$5,426	Digital banking
Bank of Sydney	Home Equity Maximiser Owner Occupied	11.90%	11.90%	$6,126	Digital banking

Rates based on $600,000 owner-occupier P&I loan (80% LVR on $750K Adelaide median), 30-year term. Rates are indicative and subject to change. "Lowest" = the lowest rate on our live CDR feed at the time of viewing, across the lenders we display, excluding products restricted to particular professions, first home buyers or government schemes. Each lender's eligibility criteria still apply and the lowest rate may not be available to you. Rates update daily and not all lenders are included, so other products may be lower. Source: Consumer Data Right (CDR), lender websites. Last updated: 2 November 2026. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Savings example: On SA’s ~$600,000 median new loan over 30 years, cutting your rate by 0.28% saves about $108/month.

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Live CDR rates

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Compare your current rate against the lowest variable rate on our live Consumer Data Right feed - 5.93% p.a. across 70+ Australian lenders.

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*Illustrative only. Based on a $650,000 loan over 30 years moving from 6.20% (RBA average rate on outstanding owner-occupier variable loans, August 2026) to 5.93%, the lowest broadly available variable rate on our CDR feed. Lender eligibility criteria apply and it may not be available to you. Annual difference in principal and interest repayments (paid monthly), before fees and switching costs - not a projection over the loan term. Actual savings depend on your loan details and lender assessment.

South Australia Home Loan Calculators

Estimate your borrowing power and repayments. Defaults are tuned to a typical SA home loan of $600,000.

Borrowing Power Calculator

Estimate how much you could borrow based on your income and expenses. Factors in APRA's 3% serviceability buffer.

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Repayment Calculator

Calculate your monthly, fortnightly or weekly home loan repayments and total interest paid on a SA home loan.

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Offset accounts work harder in South Australia: Parking $50,000 in a 100% offset against an Adelaide-sized $600,000 loan at our lowest variable rate of 5.93% (lender eligibility criteria apply) trims interest by roughly $2,965/year while keeping the cash fully accessible - and shaves around 3 years off a 30-year term if left untouched. Try it in the repayment calculator below.

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SA home loan rates - made simple.

Compare home loan products available to SA buyers from 70+ Australian lenders. Indicative rates, fees and features in minutes - comparing on this site has no impact on your credit score.

South Australia Property Market Overview

South Australia's property market has been one of the nation's standout performers, with Adelaide prices up approximately 14% over the past 12 months. Driven by interstate migration from Melbourne and Sydney, a strong local economy anchored by the defence and space sectors, and relative affordability compared to eastern capitals, Adelaide has experienced three consecutive years of double-digit price growth.

Adelaide Metro snapshot

Median house price: ~$750,000
Median unit price: ~$480,000
12-month growth: +14.2%
Average days on market: 24 days
Rental vacancy rate: ~0.5%

Source: CoreLogic, REISA, September 2026

Regional SA snapshot

Median house price: ~$380,000
12-month growth: +10.5%
Key growth areas: Barossa, Mt Gambier, Victor Harbor
Average days on market: 30 days
Interstate migration: Net positive since 2021

Source: CoreLogic, REISA, 2026

Key Adelaide growth corridors

In 2026, Adelaide's growth is broadly based but particularly strong in the northern suburbs (Salisbury, Elizabeth, Munno Para) and southern corridor (Seaford, Aldinga Beach, McLaren Vale). The western suburbs (Glenelg, Henley Beach, West Beach) and inner-east (Norwood, Burnside, Unley) remain Adelaide's premium markets. The Adelaide Hills and Barossa Valley are attracting lifestyle buyers seeking premium regional living within commuting distance. Mount Gambier, Victor Harbor, and Murray Bridge in regional SA offer entry points under $400,000 and are attracting buyers priced out of Adelaide's metropolitan area.

South Australia Stamp Duty Rates and Thresholds

In South Australia, stamp duty (transfer duty) is calculated on a sliding scale with nine brackets. First home buyers purchasing a new home are fully exempt from stamp duty, with no value cap for contracts from 6 June 2024. For established homes, no first home buyer stamp duty concession applies - standard rates apply.

Property Value	Transfer Duty Rate
Up to $12,000	1% of property value
$12,001-$30,000	$120 + 2% of amount over $12,000
$30,001-$50,000	$480 + 3% of amount over $30,000
$50,001-$100,000	$1,080 + 3.5% of amount over $50,000
$100,001-$200,000	$2,830 + 4% of amount over $100,000
$200,001-$250,000	$6,830 + 4.25% of amount over $200,000
$250,001-$300,000	$8,955 + 4.75% of amount over $250,000
$300,001-$500,000	$11,330 + 5% of amount over $300,000
Over $500,000	$21,330 + 5.5% of amount over $500,000

Up to $12,000

1% of property value

$12,001-$30,000

$120 + 2% of amount over $12,000

$30,001-$50,000

$480 + 3% of amount over $30,000

$50,001-$100,000

$1,080 + 3.5% of amount over $50,000

$100,001-$200,000

$2,830 + 4% of amount over $100,000

$200,001-$250,000

$6,830 + 4.25% of amount over $200,000

$250,001-$300,000

$8,955 + 4.75% of amount over $250,000

$300,001-$500,000

$11,330 + 5% of amount over $300,000

Over $500,000

$21,330 + 5.5% of amount over $500,000

First home buyer concessions

Full exemption on new homes (no value cap from 6 June 2024)
No first home buyer concession on established homes
Off-the-plan concession for apartments
Must live in property for 12 continuous months

Foreign buyer surcharges

7% foreign buyer surcharge
Applies to residential property only
Additional 2% land tax surcharge for foreign owners

Source: RevenueSA, 2026

First home buyer advantage: Standard stamp duty on a $650,000 new home in Adelaide is approximately $29,580 - SA first home buyers pay $0 on new builds (no price cap) and can stack this with the $15,000 FHOG for over $44,000 in combined benefits.

South Australia Government Grants & Schemes for Home Buyers

First Home Owner Grant (FHOG)

In South Australia, the First Home Owner Grant provides $15,000 to eligible first home buyers purchasing or building a new home, with no property value cap for contracts from 6 June 2024.

Grant amount: $15,000
Property value cap: None (contracts from 6 Jun 2024)
Eligibility: New homes only
Residency requirement: 6 months continuous

HomeStart Finance

HomeStart Finance is the SA Government's own home lending authority, offering unique low-deposit loans, graduate loans, and shared equity products. HomeStart has helped over 79,000 South Australians into home ownership since 1989 and offers products not available from mainstream banks.

Min deposit: 3% (some products)
LMI required: No (on some products)
Graduate Loan: Tailored for uni graduates
Shared equity option: Yes

First Home Guarantee (Federal)

The federal First Home Guarantee allows eligible first home buyers in SA to purchase with a 5% deposit without paying LMI. The government guarantees up to 15% of the property value.

Places (nationally): 35,000/year
Price cap (Adelaide): $600,000
Price cap (regional SA): $450,000

Defence & Space Sector Growth

South Australia is Australia's defence capital, with major projects including the AUKUS nuclear submarine program at Osborne, the $35 billion Hunter-class frigate program, and the Australian Space Agency headquarters in Adelaide. These projects are generating thousands of high-income jobs and driving strong demand for housing in northern Adelaide suburbs near the Osborne shipyard.

Submarine program value: $368 billion
Jobs created (defence): 10,000+ direct
Key growth suburb: Osborne, Port Adelaide, Salisbury

Choosing a Home Loan Lender in South Australia

Major banks in SA

All four major Australian banks have branch networks across SA. BankSA (a division of Westpac) is South Australia's most prominent local bank with extensive branch coverage and competitive rates. ANZ, CommBank, and NAB all have strong Adelaide presences. Heritage and People's Choice (formerly People's Choice Credit Union) is another strong local option headquartered in Adelaide.

BankSA (Westpac division) headquartered in Adelaide
Full Adelaide metro coverage from all majors
Heritage and People's Choice - local credit union

Online lenders in SA

Online lenders offer the lowest rates for SA borrowers. Unloan and Athena lend across most SA postcodes. These lenders typically offer rates 0.20-0.40% below major bank rates, saving $1,200-$2,400 per year on a $600,000 loan.

Unloan

From 6.44% (6.35% comparison rate*)

CommBank-backed

Athena

From 6.04% (6.04% comparison rate*)

Auto-rate match

BankSA

From 6.94% (6.95% comparison rate*)

Local SA bank

HomeStart

Variable & fixed

3% deposit, no LMI

Regional SA lending

Most major banks and online lenders actively lend in regional SA. All major lenders are active in the Barossa Valley, Mount Gambier, Murray Bridge, Victor Harbor, Port Lincoln, and Whyalla. Some lenders may have restrictions on very remote areas or properties in small towns with limited sales history. HomeStart Finance is particularly valuable for regional SA borrowers as it has broader geographic acceptance. The Barossa Valley and Adelaide Hills are treated as metropolitan-adjacent by most lenders and have no lending restrictions.

Broker vs direct in SA

In South Australia, mortgage brokers account for approximately 70% of all home loan originations. Brokers are particularly valuable for first home buyers navigating the combination of FHOG, stamp duty exemptions, HomeStart products, and federal schemes. Brokers can also compare HomeStart options alongside mainstream lenders. Direct applicants may get slightly lower rates from some online lenders. Consider using a broker for first-time buyers or complex situations, and going direct for straightforward refinances.

$750K

Adelaide median house price

Source: CoreLogic, September 2026

$15K

First Home Owner Grant

Highest mainland after QLD

+14.2%

Adelaide 12-month price growth

3 years of double-digit growth

Frequently Asked Questions - Home Loans in South Australia

Common questions about buying a home and getting a home loan in South Australia.

Rates & Borrowing in South Australia

What is the average home loan interest rate in South Australia in 2026?

Which banks offer the best home loan rates in South Australia?

How much deposit do I need for a home in Adelaide?

Grants, Stamp Duty & Costs

What government grants are available for first home buyers in SA?

What is stamp duty on a $750,000 property in South Australia?

What is HomeStart Finance in South Australia?

What are the hidden costs of buying a home in South Australia?

Buying in South Australia

What is the median house price in Adelaide in 2026?

Can I get a home loan for regional South Australia?

Is Adelaide property still affordable compared to other capitals?

How does Adelaide's growth compare to other Australian cities?

Related South Australia Guides & Resources

Complete Home Loan Guide

Everything you need to know about Australian home loans.

Home Loans Australia

National home loan comparison.

First Home Buyers SA

$15K FHOG, HomeStart & tips.

Refinance SA

Switch & save on your SA loan.

Green Home Loans SA

Solar & green loan discounts.

Compare Home Loans in Other States

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