Financial support for first home buyers

If you’re buying a new home or vacant land to build a home for the first time, the NSW and Federal Government have a range of financial assistance available to help with these costs.

  • First Home Buyer Assistance scheme - a concessional rate of transfer duty or even an exemption from paying it altogether. Purchase price thresholds apply.
  • First Home Owner's Grant (New Home) scheme - $10,000 available to buy a new home or land. Purchase price thresholds apply.
  • First Home Super Saving scheme - allows you to save money inside your super fund for your first home and make the most of concessional tax advantages. Currently, a maximum of $15,000 can be applied for in any one financial year; capped at $30,000 across all years. Other conditions apply.
  • First Home Loan Deposit scheme - eligible buyers can purchase or build a new home with a deposit of as little as 5% (usual lenders criteria apply) without the need for lenders mortgage insurance. 

If you need to rent while saving for a home deposit

This guide has information about finding somewhere to rent, your rights and responsibilities as a tenant, getting help with costs, and what's involved when moving out of the property (hopefully into your new home).

Learn more about renting in NSW