Help to Buy: Adelaide gems you can own under the price cap

Suburban Adelaide. Picture: Getty

Expected to launch later this year, the scheme will see the federal government make a contribution of up to 40% in exchange for a share, or proportional interest in the property.

Buyers with a deposit of at least 2% will be eligible for the scheme, and the size of the equity contribution can vary from up to 30% for an existing home, to 40% for a new property.

This aims to assist prospective home owners gain access to the property market sooner than they would otherwise have been able, thanks to a smaller deposit.

New property price caps linked to average house prices across each state and territory were introduced earlier this year, which have broadened the range of options available.

In South Australia, a price cap of $900,000 has been announced.

Here is a selection of properties for sale in South Australia that fall within the property price cap:

32 Muirfield Street, Mount Barker

Low maintenance, modern luxury and everyday practicality combine in this 2021 built four bedroom home.

Set on 400sqm lot in the Aston Hills estate, the home features reverse cycle air-conditioning, a well-appointed kitchen, an open plan dining and lounge area and a tiled alfresco area.

It has a price guide of $800,000.

24a Morgala Drive, Holden Hill

Immaculately maintained, this Holden Hills home is part of a quiet street opposite a parkland reserve.

It features three bedrooms, multiple living zones, an open plan kitchen, meals, and family area and a good sized landscaped backyard with fruit trees.

It is priced at $799,000 to $819,000.

36 Champagne Crescent, Woodcroft

Located in the catchment of many highly regarded schools, close to shops and public transport, this three bedroom home has been updated and features multiple living spaces and a seamless indoor-outdoor lifestyle.

The kitchen is equipped with stainless-steel appliances, good storage and a central island bench.

The paved outdoor entertaining area has a pitched pergola and a built-in timber bench.

It is on the market for $689,000 to $739,000.

13 Wharff Street, Streaky Bay

The listing describes this four bedroom, two bathroom home as offering perfect comfort and a relaxed lifestyle.

It is set on a big 994sqm block, and has a low maintenance backyard featuring a swimming pool, gazebo, fire pit and covered outdoor entertaining area.

It has an asking price of $579,000.

159 Douglas Drive, Munno Para

There is nothing left for the future new owner of this family home to do but move in.

Set on a 415sqm corner block, this four bedroom, two bathroom home includes a large open plan living area, contemporary kitchen with a decked alfresco area and a double garage.

It has an asking price of $649,000 to $679,000.

Unit 2/368 Grange Road, Kidman Park

This ready to move into townhouse in the western Adelaide suburb of Kidman Park is walking distance from shopping centres, transport and major amenities.

It is on the market for $850,000.

76B Lane Street, Richmond

Right at the top of the Help to Buy price cap at $900,000 is this three-bedroom, two-bathroom house with four car parking spaces.

Close to both Adelaide Airport and the city centre, the home is perfectly positioned for families.