First Home Guarantee (Formerly First Home Loan Deposit Scheme) - 5% min deposit. Purchase price capped at $900,000 (Capital City/Regional Centre) and $750,000 (Rest of State).
First Home Super Saver Scheme - Salary sacrifice up to $15,000 per financial year up to a total of $50,000 across all years.
First Home Owners Grant - $10,000 towards purchase of home valued less than $600,000 (less than $750,000 for land/building contracts), in addition to FHBAS.
Stamp/Transfer Duty Concessions or Waivers
First Home Buyers Assistance Scheme (FHBAS) - Full exemption on Transfer Duty on homes valued at less than $800,000. Partial exemption on homes between $800,000 and $1 Million.
Shared Equity Home Buyer Helper - Assists single parents (with dependent children), single people (50 years and over) and first home buyers who are employed as nurses, midwives, paramedics, teachers, early childhood educators and police officers are key workers with buying a home. The NSW Government will pay up to 40% of the purchase price of an eligible property, retaining it as equity for as long as you are eligible for Shared Equity or until you sell the property.
First Home Owners Grant - Additional Information
- Home's being bought or built must be new and valued at less than $750,000.
- Combined value of land and home being built cannot exceed $750,000. If you purchase a home that was substantially renovated by the seller, the purchase price must not exceed $600,000.
