New South Wales first home buyers: $10,000 and no stamp duty up to $800,000
Buy your first home new in NSW and you can claim a $10,000 grant and pay no stamp duty up to $800,000 — with federal deposit schemes on top.
$10,000 First Home Owner (New Homes) Grant
A $10,000 grant for your first new home — a house, townhouse, apartment or unit that is newly built or bought off the plan. The purchase price must be up to $600,000; if you buy land and sign a building contract, the land plus the build can total up to $750,000. You need to live in the home for 12 months. The grant isn't available for established homes, and it can be paid on top of stamp duty savings.
No stamp duty up to $800,000
- No transfer duty for first home buyers on a home valued up to $800,000.
- A concessional rate between $800,000 and $1,000,000.
- Buying land to build on: no duty up to $350,000, reduced duty up to $450,000.
Add the federal schemes
- 5% Deposit Scheme — 5% deposit and no lenders mortgage insurance for homes up to $1,500,000 in Sydney and regional centres, and $800,000 elsewhere in NSW.
- Help to Buy — the government contributes up to 40% of the price of a new home.
More on both: federal first home buyer schemes.
Sources: Revenue NSW — First Home Owner (New Homes) Grant; First Home Buyers Assistance Scheme; 5% Deposit Scheme.
Common questions
How much is the first home owner grant in NSW?
$10,000 for a first new home — newly built or bought off the plan — priced up to $600,000, or up to $750,000 for land plus a building contract.
Do first home buyers pay stamp duty in NSW?
Not on a home valued up to $800,000. A concessional rate applies between $800,000 and $1,000,000.
Can I get the NSW grant on an off-the-plan apartment?
Yes. Homes purchased off the plan qualify as new homes, within the $600,000 price limit.
General information, current at the date above. Grants, concessions and tax rules have eligibility conditions this page summarises; it isn't personal tax, legal or financial advice. Confirm your eligibility with the relevant government agency, your lender or your accountant before you rely on it.