Ballot

A method of sale where eligible applicants provide their details to go into a draw. Names are then drawn out via an electronic ballot draw system. Prospective buyers are then invited to purchase an affordable home in the order the names were drawn. This process ensures buyer names are provided in random order.

Exclusive listing period

A period of time during which a property is available for sale only to eligible buyers under HomeSeeker SA. During this time it can not be sold to an investor or someone who is not eligible for HomeSeeker SA.

Employment reference / proof of income

An employment reference is usually a written statement by an employer outlining the salary, period of employment, and likelihood of employment to continue. Applicants can also submit payslips as proof of income, however, this does not state if employment is ongoing.

Eligible Buyer

An Eligible Buyer through HomeSeeker SA means someone who meets the eligibility criteria as outlined on the HomeSeeker SA website.

Declaration of Eligibility

A Declaration of Eligibility is a Statutory Declaration that a Eligible Buyer signs to confirm that they meet the eligibility criteria to purchase a property under HomeSeeker SA.

Conveyancer

A licensed person professional who specialises in providing advice and information about buying and selling property including the transfer of Titles, ensuring that their client meets all legal obligations, and that the client’s rights are protected.

HomeStart

HomeStart is finance institution, established in 1989 by the Government of South Australia, that specialises in providing home loans for South Australians and getting people into home ownership.

Landlord

A landlord is the owner of the property that is being rented or is available to rent. 

Lease

A lease is the common term for a Residential Tenancy Agreement.

Open Inspection

An open inspection is a specific time and date for potential buyers or renters to inspect and walk through a property.  The date and time is set by the real estate agent or property manager and advertised publicly, normally on the property listing.