South Australia’s Rent to Own scheme has recently expanded, giving some former homeowners another opportunity to enter the property market. Announced on 28 October 2026, the change introduces a new category of applicants known as home ownership ‘re-starters’. These are people who previously owned a property but have spent at least the past 10 years out of home ownership and have been long-term renters.
How does the ‘Rent to Own scheme’ work?
The Rent to Own scheme allows eligible South Australians to rent a newly built home at 75% of the market rental rate while saving towards purchasing it. Participants sign a lease and sales agreement, with the purchase price agreed upfront. They then have time to build their savings and arrange finance, generally over two years. However, there’s one important detail worth understanding: rental payments do not contribute towards the deposit or purchase price. Instead, the reduced rent is intended to help participants save the money they’ll need to purchase the home.
Who is eligible for Rent to Own?
Applicants must meet specific requirements relating to residency, employment, income, assets and their ability to purchase a home. The recent expansion means some former homeowners may now qualify, provided they haven’t owned property in the past 10 years and meet the other conditions. The government has also announced plans for 326 additional Rent to Own homes across 38 metropolitan Adelaide suburbs, with construction expected to progress through 2027. These homes are planned developments and are not all currently available. For the latest eligibility requirements and property information, visit HomeSeeker SA.
Where can you find out more?
If you’re interested in the Rent to Own scheme, the best place to start is the official HomeSeeker SA website, where you can register your interest, review the eligibility requirements and learn about future property releases. Before making any commitments, it’s important to understand the financial obligations involved, including what happens if you’re unable to complete the purchase. For those exploring other home-buying opportunities across Adelaide, the AMKAR Real Estate team can assist with information about the local property market and available properties.
Disclaimer: This article provides general information only and does not constitute an endorsement of the Rent to Own scheme or financial, investment or legal advice. Information was considered current at the time of writing in November 2026. Eligibility requirements, scheme conditions, property availability and other details may change. Readers should verify all information directly with the relevant South Australian Government authority before making decisions and seek independent professional advice appropriate to their individual circumstances.