All purchasing costs (including stamp duty) are the responsibility of the participant.
Those entering the initiative remain eligible for first home buyer grants, any stamp duty or land tax concessions and First Home Buyer Choice where applicable.
To maintain eligibility, participants’ ongoing obligations include:
- paying for property costs
- maintaining the property
- complying with a periodic review of ongoing eligibility.
A participant may be required to begin repayment of the government’s share in the property in certain situations, including where they no longer meet certain ongoing eligibility criteria. Revenue NSW will work with participants in meeting this obligation.
Applying for Shared Equity Home Buyer Helper
If you’re eligible, the process for applying for the initiative is set out on Bendigo Bank’s website. You can contact Bendigo Bank to start discussing your application now.