Financial support for first home buyers

Eligible first home buyers can pay less or no transfer duty on their first home, depending on the value of the purchase. 

This scheme includes:

• buying an existing home
• buying a new home
• buying vacant land on which you intend to build.

Find out whether you are eligible for the First Home Buyer Assistance Scheme at Revenue NSW.

If you're buying your first home, and it's:

• newly built
• off the plan
• substantially renovated, or
• vacant land to be built on

you may be eligible for a $10,000 grant to help, depending on the value of the purchase. 

Learn more about the First Home Owner (New Homes) Grant at Revenue NSW.

Help for eligible home buyers to buy their own home with as little as 2% deposit.

The NSW Government contributes a part of the purchase price in exchange for an equal interest in the property. It’s open to:

• single parents of a dependent child or children
• single people aged 50 years or older
• first home buyer key workers who are nurses, midwives, paramedics, teachers, early childhood educators or police officers.

Find out more about eligibility and how to apply for the Shared Equity Home Buyer Helper at Revenue NSW.

Eligible first home buyers can lower their upfront costs by choosing to pay a yearly property tax instead of stamp duty for properties up to $1.5 million.

Find out more about First Home Buyer Choice at Revenue NSW, including:

• the difference between stamp duty and annual property tax 
• eligibility requirements
• how to calculate and compare your estimated property tax and stamp duty. 

This scheme lets you use your superannuation fund to save for your home, which may have tax benefits.

You can apply to use up to $15,000 (of your voluntary contributions only) from any individual financial year, capped at $50,000 in total across all years. Other conditions apply.

Learn more about the First Home Super Saver Scheme at the Australian Taxation Office.

Eligible buyers can purchase or build a new home with a deposit of as little as 5%, or as little as 2% for eligible single parents, without the need for lenders' mortgage insurance.

Learn more about the Home Guarantee Scheme at the National Housing Finance and Investment Corporation.