Home Purchase Assistance Scheme (HPAS) Guide for ADF Members

The Home Purchase Assistance Scheme (HPAS) is a vital resource for Australian Defence Force (ADF) members seeking to purchase their first home. Below is a concise overview to help you navigate eligibility, financial benefits, and the application process.

 

Eligibility Criteria

To qualify for HPAS, you must:

• Be a member of the Permanent Forces or a Reserve member on continuous full-time service for at least 12 months.
• Purchase a home in your current or next housing location following receipt of a posting order or similar work agreement.

Occupancy Requirements

• If the home is under construction, you must meet occupancy deadlines based on ADF requirements.
• If the home is already purchased, occupancy must align with the timeline in your new location to ensure timely utilisation of the benefit.

 

Financial Benefit

• HPAS provides a payment of $16,949 (pre-tax), offering substantial financial support.
• If the home is purchased with a non-resident family member, the benefit is prorated accordingly.

Repayment Conditions

• Repayment may be required if the purchase falls through for reasons unrelated to service obligations.
• Provisions exist for claiming reasonable costs if delays are caused by service-related issues.

 

Application Process

Steps to Apply

1. Complete and submit Form AC970 for HPAS or Home Purchase or Sale Expenses Allowance.
2. Submit your application through the Defence Protected Network (DPN) Forms portal or ServiceConnect on DPN.

Extensions

• Extensions of up to 12 months are available for delays beyond your control.
• Approval for extensions is subject to the ADF Delegations team.

 

Maximise HPAS Benefits

HPAS serves as a crucial support in facilitating ADF members’ entry into homeownership. By understanding and adhering to the eligibility criteria and application procedures, members can ensure they maximise the benefits offered by HPAS.

 

Partnering with Integrity Property Investment

At Integrity Property Investment, we specialise in helping ADF members navigate the complexities of HPAS and achieve their property ownership goals. Our expert team ensures every decision aligns with your long-term financial strategy.

How We Help:

• Expert Guidance: Navigate HPAS eligibility and application processes seamlessly.
• Tailored Strategies: Align property ownership goals with your broader financial plans.
• Comprehensive Support: From property research to financing and investment advice, we’re with you every step of the way.

 

Take the First Step Toward Property Ownership

📅 REGISTER NOW for our upcoming webinar and take the first step toward building your property portfolio!

🔗 Join our weekly webinars: Property Investing for ADF
🌐 Visit our website: Integrity Property Investment

 

Empowering ADF members to achieve their homeownership goals through strategic guidance and support.

~ The Integrity Team

 

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