The First Home Super Saver (FHSS) and the First Home Guarantee (FHGS) are schemes created to help bridge the gap between saving and owning, and they can make your homeownership goals at Fletcher’s Slip feel a lot more achievable.
You might be wondering if these schemes really move the needle, and the answer is yes, they can. Used together, they form a smoother pathway to owning your first home.
Here, we’ll break down how each scheme works, who they suit, how they can be combined, and how they apply if you're looking to secure a low-maintenance townhome in a location like Fletcher’s Slip.
The First Home Super Saver scheme lets you make voluntary contributions into your superannuation fund, which you can later withdraw an eligible amount to go towards your first home. It’s a disciplined way to save and suits buyers still in the saving stage.
But timing is key. Once you request to release your funds, you typically have 12 months to sign a property contract, whether that’s for an established home, a new build, or an off-the-plan townhouse.
To make it work, it’s best to first map out your expected buying timeline, when you’ll sign and when you’ll settle, then organise your FHSS fund release to match. That way, you’ll avoid any unnecessary stress.
Unlike the FHSS, which helps you build your deposit, the First Home Guarantee scheme lets eligible first-home buyers purchase a home with as little as 5% deposit and no Lenders Mortgage Insurance (LMI).
It’s important to note, however, that it doesn’t replace normal credit checks, each participating lender still has its own lending rules. Rather, it sits alongside them.
It works well for new builds and off-the-plan purchases; the only difference is making sure your finance approval and contract dates are covered, and asking how your lender handles longer build times and staged construction.
Yes! You can combine the First Home Super Saver and the First Home Guarantee if you meet all eligibility criteria.
In fact, many first-home buyers use the FHSS to save faster and then apply for a home loan through a participating lender under the FHGS.
That’s because each scheme helps with different parts of the buying process - building the deposit, and reducing how much deposit you actually need.
Did you know, that as a South Australian buyer, there’s even more support available if you’re purchasing a new build or off-the-plan townhouse, like those available at Fletcher’s Slip.
And if you’re purchasing a new build or off-the-plan townhouse, like those available at Fletcher’s Slip, the benefits don’t stop there.
In 2025, the South Australian government introduced the Stamp Duty Relief program for eligible first home buyers, available exclusively for those looking to purchase off-the-plan properties, new homes or vacant land.
If you’re looking to buy in these categories, it means you may not have to pay the stamp duty that would typically apply, saving you a bucketload upfront.
In addition, first homeowners may also be eligible for a one-off First Home Owner Grant payment of up to $15,000, again for those looking to build or buy a brand new home, including off-the-plan townhomes.
These extra incentives make Fletcher’s Slip an even more attractive place to begin your next chapter.
At Fletcher’s Slip, you're not just buying a townhouse, you’re stepping into a whole new lifestyle. Perfectly positioned between historic Port Adelaide and the pristine sands of Semaphore Beach, this harbourside community is defined by connection to the water, leafy green spaces, and thoughtful masterplanning.
For first-home buyers, it offers a unique combination of benefits: longer settlement timelines provide the opportunity to keep saving through the FHSS scheme, while eligible buyers can also access stamp duty savings and the First Home Owner Grant.
Whether it’s early morning paddleboarding, sunset walks along the promenade, or weekends discovering local cafes and markets, Fletcher’s Slip is where your coastal lifestyle begins.
With all this in mind, if you’re ready to jump in headfirst and get a foot on the property ladder, here are five steps you can take, starting today:
Of course, like anything, there are a few pitfalls you’ll want to sidestep on your path towards first home ownership – especially when it comes to any support you’ll need to make it a reality.
And often, the biggest stumbles are the simplest ones. Here are three common mistakes to keep in mind as you move forward:
Government housing support schemes are there to help make first homeownership a reality. With architecturally designed homes and smart layouts, Fletcher’s Slip gives you the space to start fresh, close to everything you love.
To learn more or explore townhomes now selling, visit the Townhouse for Sale page or drop by the Sales Centre on the corner of Semaphore Road and Jenkins Street, New Port.
Your first home, and your new lifestyle, could be just around the corner.