Schemes and Government Grants Available to First Home Buyers in NSW

1. First Home Guarantee Scheme

The scheme allow First Home Buyer to secure their first home with a minimum deposit of only 5%. Please speak to one of our experienced broker today to find out more.

2. First Home Buyer $10,000 Grants

First Home Buyers will be eligible for a $10,000 Government Grant if they meet the following criteria:

• Buying OR Building a first home

• New home no-one has lived in before

• The house price is no more than $600,000 (or, for a house and land package with a comprehensive building contract, no more than $750,000)

• You must move into the property within 12 months from settlement date and live there for at least 12 continuous months.

Please get in touch with us to find out more.

3. Stamp Duty Exemptions /Concessions for FHB

New South Wales (NSW) residents are generally required to pay stamp duty when purchasing property. Stamp duty is a state tax imposed on various transactions, including property purchases, and the rates and thresholds can vary depending on factors such as the value of the property and whether you are a first-time homebuyer.

You are exempt from pay Stamp Duty OR pay at a concessional rate if you are a First Home Buyer meeting below criteria:

• Fully Exempt if the purchase value iS $800,000 or Less

• Concessional rate applies when the purchase value is between $800,000 to $1,000,000

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