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I do think the grant allows them to buy newly built homes, which allow them to buy off the plan house and land packages being offered to settle on completion or obviously developers who build and sell on completion. This would prevent them from having the stress of building or having to rent...

Looking at it from a different perspective. I do often come across situations where you'll have a senior or senior couple living in a big old house, on a large allotment, with little to no savings. Now as an example, If their property was worth $350,000 and a newly built courtyard home in...

No they dont. They are not entitled to both, should they also be first home buyers and over 60. Currently if they were first home buyers, they would be entitled to $15,000.

I heard it equates to approximately .5% of the new home build market under $450,000 in South Australia. However I do think the outer metro/regional markets will benefit slightly from this grant, areas like Murray Bridge, Mannum, Encouter Bay, wallaroo etc. Where senior buyers will sell up...

If your over 60 years of age and looking to buy a 'NEW' home to live in, within South Australia, I'd hold off buying until 1-July 2014 as the new seniors grant SHG has just been introduced. from Revenue SA