What is an ‘affordable home’?

An ‘affordable home’ is generally regarded as a home where you’re paying no more than 30% of your annual income to pay the mortgage or rent.

This means home buyers can continue to meet their basic living costs such as groceries, transport, education, healthcare, and clothing.

The South Australian Government is increasing housing supply and supporting more South Australians to have a roof over their heads by developing more housing throughout the state and supporting the building of more affordable housing that can be purchased by eligible low-to-moderate income South Australian home buyers.

It is important to understand that not every home listed on the HomeSeeker SA website is affordable to all potential home buyers. There is a range of house prices to suit different budgets, and you will still need to get separate approval for a mortgage from your bank or financial institution.