Each state has their own First Home Owners Grants/Schemes in place and we will provide information regarding NSW.

Every scheme has eligibility criteria that needs to be met.

First Home Buyers Assistance Scheme

    If you’re a first home buyer, you may be entitled to a concessional rate of transfer duty or even an exemption from paying it all together under the First Home Buyers Assistance scheme.

    This applies to: –

    • buying an existing home
    • buying a new home and
    • buying vacant land on which you intend to build a home.

    As a First Home Buyer, you may be eligible for transfer duty concession or exemption if:

    • Your home is valued at less than $650,000, you can apply for a full exemption so you dont pay any transfer duty
    • The value of your home is between $650,000 and $800,000, you can apply for a concessional rate of transfer duty.

    The First Home Buyers Assistance Scheme applies to vacant land on which you plan to build your home.

    • You won’t pay any transfer duty if your land is valued at less than $350,000
    • For land valued between $350,000 and $450,000, you’ll receive a concessional rate.
    First Home Owners Grant (New Homes) Scheme

      If you’re a first home buyer and you’re buying or building a new home, you may qualify for a $10,000 grant under the First Home Owner’s Grant (New Homes) scheme.

      The grant is available for: –

      • contract to buy a new home
      • building contract by the owner of the land
      • owner of the land building their own home

      To qualify, the purchase price of your new home must be no more than $600,000.

      If you’re buying land to build a new home, the total price including the land and home must be no more than $750,000.

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