First Home Buyer
First home buyers in NSW may be eligible for a duty exemption, concession or grant. Key workers, single parents and single people 50 or over may also be eligible for Shared Equity Home Buyer Helper.
Are you eligible for home buying assistance?
- House hunters can now use the Home Buyer Assistance Finder on nsw.gov.au to easily check their eligibility for the three main programs provided by the NSW Government.
- This new online tool provides an indication of whether you can apply.
What's on offer
Requirements
- Buying your first home in Australia.
- The value must be less than $1 million.
- You must also move into the property within 12 months from settlement and live there for at least 12 continuous months.
Who can apply
To qualify as a first home buyer, you must be:
- purchasing the first home you or your spouse have owned or co-owned in Australia*
- an Australian citizen or a permanent resident of Australia
- at least 18 years old*.
*Some exceptions may apply.
Read more about the requirements for the First Home Buyer Assistance Scheme.
What's on offer
Requirements
- Buying or building your first home.
- It's a new home that no-one has lived in before.
- It's worth no more than $600,000 (or, for a house and land package with comprehensive building contract, no more than $750,000).
- You must also move into the property within 12 months from settlement and live there for at least 12 continuous months.
Who can apply
To qualify as a first home buyer, you must be:
- purchasing the first home you or your spouse have owned or co-owned in Australia*
- an Australian citizen or a permanent resident of Australia
- at least 18 years old*.
*Some exceptions may apply.
Read more about the requirements for the First Home Owner Grant (new home).
What's on offer
- Support for eligible first home buyer key workers who are employed as:
- nurses
- midwives
- paramedics
- teachers
- early childhood educators, or
- police officers.
- The NSW Government will pay up to 40% of the purchase price of an eligible property, retaining it as equity.
Requirements
- Only be able to service a mortgage with the government contribution.
- Meet income and asset thresholds.
- Be able to contribute at least a 2% to a deposit.
- Ready to occupy the property as your principal place of residence from the day of settlement.
Who can apply
To apply as a first home buyer key worker, you must be:
- 18 years of age or older.
- purchasing the first home you or your spouse have owned or co-owned in Australia.
- Australian or New Zealand citizens, or permanent Australian residents.
- able to confirm your qualifications and the relevant award or enterprise agreement you work under, and to provide evidence of employment and income.
Single parents with dependent children and singles aged 50 and over can also apply – even if they are not first homebuyers – as long as they meet the other eligibility criteria.
Read more about the requirements for the Shared Equity Home Buyer Helper.