What's available to you in NSW
$10,000 Grant
For new homes under $750k
Zero Stamp Duty
Complete exemption up to $800k
Discounted Duty
Reduced rates from $800k-$1M
NSW's superpower: One of Australia's most generous stamp duty programs - you could save over $30k on an $800k property compared to other states.
National schemes you can pair with NSW
Nationwide| Scheme | Deposit | Who it suits | Key benefit |
|---|---|---|---|
| First Home Guarantee (HGS) | 5% | First home buyers (or not owned in 10 years) | Avoid LMI via government guarantee |
| Regional First Home Buyer Guarantee | 5% | Regional NSW purchases | No LMI for regional areas |
| Family Home Guarantee | 2% | Single parents/guardians with a dependent | No LMI; not restricted to first home |
| Help to Buy (shared equity, forthcoming) | 2%+ | Low‑to‑middle income buyers | Government equity lowers loan size and repayments |
| First Home Super Saver (FHSS) | — | Savers building a deposit | Tax‑advantaged savings via super |
Always check current income/price caps and openings with Housing Australia or your broker. Major changes coming October 2025.
New South Wales programs
First Home Owner Grant (new homes)
- Grant: $10,000 for eligible new homes.
- New home cap: Property up to $600,000.
- Contract to build cap: Up to $750,000.
- Residency: Must occupy as principal place of residence.
First Home Buyers Assistance Scheme
- Full exemption: Transfer duty waived up to $800,000.
- Concession: Reduced duty from $800,001 to $1,000,000.
- Land exemption: Full waiver up to $350,000 (concession to $450,000).
- Coverage: Applies to both new and existing homes.
NSW stamp duty savings examples
Your pathway to combining supports
Stack NSW's generous benefits with national programs
Build your deposit faster
Use First Home Super Saver for tax-efficient savings. Target 5% for HGS or 2% if you're a single parent.
Get the government guarantee
Apply through your broker for Home Guarantee Scheme - no LMI with just 5% down.
Maximise NSW benefits
Buying new? Grab the $10k grant. Either way, enjoy massive stamp duty savings.
Note: NSW has some complex rules around new vs existing homes. Work with a broker to make sure you're maximising every benefit you qualify for.
How NSW compares
NSW advantages
- Comprehensive coverage: Stamp duty relief applies to both new and existing homes up to $1M
- High thresholds: Full exemption to $800k covers most of the market effectively
- Land buyers included: Vacant land gets stamp duty relief up to $450k
- Stability: Established programs with clear, consistent eligibility rules
Considerations
- Grant amount: $10k FHOG is lower than QLD ($30k) or NT ($50k)
- New home focus: Cash grant only available for new homes, not established
- Property caps: FHOG caps at $750k may limit options in some areas
- Market dynamics: Strong property markets can reduce purchasing power
Important things to know
The details that matter for your NSW application
You need to live there
Both grants require the property to be your main residence. No investment properties or holiday homes.
True first-timer only
Neither you nor your partner can have owned property anywhere in Australia - ever.
Contract date matters
Eligibility is usually based on when you sign the contract, not when you settle. Get advice before signing.
New vs existing homes
The $10k grant is only for new homes. Stamp duty relief applies to both new and existing properties.
Land buyers included
Vacant land gets stamp duty relief too, but with different price caps ($450k vs $1M for homes).
Ready for your NSW strategy?
We'll map your eligibility across all NSW and national schemes, calculate your potential savings, and guide your applications.