Buying your first home is an exciting milestone, but it can also feel overwhelming—especially when navigating the financial side of things. Fortunately, the NSW government offers several grants and incentives to help first-time buyers get into the property market. In this guide, we’ll break down the key schemes available, their eligibility criteria, and how you can take advantage of them.
Buying your first home in New South Wales is an exciting milestone, but it can also be overwhelming—especially when trying to navigate the different grants, schemes, and stamp duty concessions available. At Sky Solicitors, we help first home buyers in Sydney and across NSW understand and access all the financial assistance they are eligible for.
In this article, we break down the First Home Owner Grant, stamp duty exemptions, and federal support programs available in 2025, including their eligibility criteria and benefits.
Scheme/Grant | Benefit | Eligibility | Property Type & Value Limit | Additional Notes |
First Home Owner Grant (FHOG) | $10,000 towards purchase or construction | – First home – Age 18+ – Australian citizen or PR – Occupy within 12 months for 6 months | New homes only: – Home ≤ $600,000 – House & land ≤ $750,000 | Must not have previously owned a home or received FHOG anywhere in Australia |
First Home Buyer Assistance Scheme (FHBAS) | Stamp duty exemption or concession | – First home – Age 18+ – Australian citizen or PR – Occupy for 6 plus months and within 12 months | New or existing homes: – Full exemption: ≤ $800,000 – Concession: $800k–$1M Land only: – Full exemption: ≤ $350,000 – Concession: $350k–$450k | Applies even if you don’t qualify for FHOG |
First Home Guarantee (Federal) | Buy with 5% deposit & no LMI (lender’s mortgage insurance) | First home buyer – Australian citizen or PR – Income: Single ≤ $125k, Couple ≤ $200k- Owner-occupier | NSW price caps: Capital cities: ≤ $900,000 Regional: ≤ $750,000 | Run via participating lenders through Housing Australia |
Regional First Home Buyer Guarantee | 5% deposit & no LMI in regional areas | – As above plus: must be buying in a regional area- 12 months residence or work in the region | NSW regional cap: ≤ $750,000 | Aimed at buyers moving to or staying in rural/regional NSW |
Family Home Guarantee (Single Parents) | Buy with just 2% deposit & no LMI | – Single parent – At least one dependent – Income ≤ $125,000 – Owner-occupier – First home or re-entering market | NSW price cap: Metro ≤ $900,000 Regional ≤ $750,000 | Ideal for divorced/separated parents or guardians |
First Home Buyer Assistance Scheme (FHBAS) (Expanded)
The First Home Buyer Assistance Scheme (FHBAS) provides exemptions or concessions on transfer duty (formerly known as stamp duty) for eligible first home buyers.
Key Benefits:
Eligibility Criteria:
Contact Us
Sky Solicitors Sydney can assist with your legal needs.
Contact us today for your first consultation and make sure you claim every benefit you’re entitled to as a First Home Buyer in NSW.
Disclaimer: this article is prepared for educational purposes only and does not constitute legal advice in any way, shape or form. For tailored advice specific to the circumstances of your matter, you should consult with our office directly and one of our lawyers will arrange a free, initial consultation.
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