NSW First Home Buyer Schemes
If you’re buying your first home in NSW, these are the key schemes to know about:
1. First Home Buyers Assistance Scheme (Stamp Duty Relief)
• Full stamp duty exemption for homes up to $800,000
• Discounted stamp duty for homes up to $1,000,000
• Also applies to vacant land (with different thresholds)
• Must live in the property as your main residence
2. First Home Owner Grant (New Homes)
• $10,000 grant
• Available for new or substantially renovated homes
• Owner-occupied only
• Price caps apply
3. First Home Guarantee (Federal)
• Buy with as little as 5% deposit
• No Lenders Mortgage Insurance (LMI)
• Property price caps apply
• Available to eligible first-home buyers in NSW
4. Family Home Guarantee (Federal)
• For eligible single parents
• Buy with as little as 2% deposit
• No LMI
• Property price caps apply
5. First Home Super Saver Scheme (Federal)
• Save part of your deposit through super
• Tax-effective contributions
• Withdraw savings when ready to buy
💡 Schemes can be combined in some cases, but eligibility and structure matter.