Know what happens next
Our buying guide explains contract reviews, inspections, making an offer, exchange and settlement. As a first home buyer, there may also be grants or transfer duty concessions to consider.
Read the buying guideFirst Home Buyers Assistance Scheme
Eligible first home buyers in NSW may receive a full transfer duty exemption on a new or existing home valued at up to $800,000, or a concession for a home above $800,000 and below $1 million. Applicants must meet the scheme’s full eligibility rules, including prior ownership and residence requirements. Generally, you must move in within 12 months and live there for at least 12 continuous months.
Check current eligibility with Revenue NSWFirst Home Owner Grant (New Homes)
A $10,000 grant may be available for an eligible new home costing no more than $600,000, or an eligible house and land building arrangement with a combined value of no more than $750,000. The grant may be available alongside transfer duty assistance. Residence and other eligibility conditions apply; it is not available for established homes.
View the grant requirementsI may be eligible. What next?
Speak with us early so we can help assess the relevant transfer duty assistance and arrange the required application documents in time for settlement. Grant payment timing depends on the transaction and application method. For federal schemes involving your deposit or loan, speak with your lender or mortgage broker.
NSW home buying assistanceThis guide is general information. We’ll explain the requirements and timeframes that apply to your property and circumstances.