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Information for first Home Buyers
As a first home buyer you may be entitled to one of the New South Wales (NSW) Government’s home buyer grants or concessions. On this page, you will find all grants and concessions available to first home buyers in NSW and a summary to help guide you to further information on the grant or concession most relevant to you.
If you are not eligible for a first home owner duty exemption or concession, you can calculate the amount of duty you will be liable to pay on our (Gov NSW) transfer of land or business page.
First Home Buyers Assistance
The First Home Buyers Assistance scheme is a NSW Government initiative which provides exemptions or concessions on transfer duty for eligible NSW first home buyers. A duty exemption on new and existing homes valued up to $650,000 and vacant land valued up to $350,000. Duty concession on new and existing homes valued between $650,000 and $800,000, and vacant land between $350,000 and $450,000.
First Home Owner Grant (New Home)
The First Home Owner Grant (New Home) scheme was established to assist eligible first home owners to purchase a new home or build their home by offering a grant. A $10,000 grant is available to first home buyers where the value of the new home purchased does not exceed $600,000 or for a property where you enter into a comprehensive building contract, or are an owner builder the total value does not exceed $750,000.