First home buyer grants and assistance

Buying or building your first home? Find out about assistance available from the NSW Government and Australian Government for eligible first home buyers.

Family of 4 outside their new home in the morning sun

If you are a first home buyer, you may be eligible to receive exemptions, concessions and grants to make it easier to buy your first home.

The NSW Government schemes are managed by Revenue NSW and Australian Government schemes are also available to eligible first home buyers.

First Home Buyer Assistance Scheme

You may be eligible to apply for an exemption or reduction of transfer duty charges if you are a first home buyer.

This assistance scheme applies to first home buyers:

  • buying an existing home
  • buying a new home
  • buying vacant land on which you intend to build a home.
Read more
first home buyers holding up the keys to the house

First Home Owner's Grant (New Homes)

If you are buying or building your first home, you may be eligible for a $10,000 grant under the First Home Owner Grant (New Homes) scheme.

Your first new home can be a house, townhouse, apartment, unit or similar that is newly built, purchased off the plan or substantially renovated.

You can apply for the scheme when you arrange finance to buy your home. 

Read more
Single father happy sharing time with daughter in kitchen both viewing iPad and laughing

Shared Equity Home Buyer Helper

This initiative helps eligible home buyers purchase their own home with as little as a 2% deposit.

The NSW Government will contribute a proportion of the purchase price of a property in exchange for an equivalent interest in the property. 

Shared Equity Home Buyer Helper is open to:

  • single parents of a dependent child or children
  • single people 50 years of age or above, or 
  • first home buyer key workers who are nurses, midwives, paramedics, teachers, early childhood educators or police officers.
Read more
Single mother in the garden as the sun sets with son and daughter smiling

First Home Buyer Choice

First Home Buyer Choice provides first home buyers with the option between paying a smaller annual property tax, instead of stamp duty.

If you are an eligible first home buyer looking for a property up to $1.5 million, First Home Buyer Choice can lower the upfront costs of your purchase and cut up to 2 years off the time needed to save for a deposit, fast tracking your way to a new home.

Existing stamp duty exemptions and concessions for first home buyers will continue to apply for eligible purchases of up to $800,000.

Read more
A person unlocking a door using a set of keys

Australian Government assistance

First home super saver scheme

If you are eligible, you can save money for your first home inside your super fund.

It works by making voluntary concessional (before-tax) and voluntary non-concessional (after-tax) contributions into your super fund to save for your first home.

You can then apply to release your voluntary contributions, along with associated earnings, to help you purchase your first home.

The scheme is managed by the Australian Taxation Office.

Read about the first home super saver scheme.

The Home Guarantee Scheme

This scheme supports eligible home buyers to purchase a home sooner and includes the

  • First Home Guarantee – to support eligible first home buyers to buy their first home sooner, with a deposit as little as 5%.
    • 35,000 places are available each financial year 
  • Regional First Home Buyer Guarantee – to support eligible regional first home buyers to buy a home in a regional area.
    • 10,000 places are available each financial year to 30 June 2025 
  • Family Home Guarantee – to support eligible single parents with at least one dependent child to buy a home, with a deposit as little as 2%.
    • 5000 places are available each financial year to 30 June 2025.

The scheme is administered by the National Housing Finance and Investment Corporation on behalf of the Australian Government.

Read more about the Home Guarantee Scheme.

Last updated:
Top of page