First Home Owner Grant in New South Wales
The NSW First Home Owner (New Home) Grant is $10,000. It's only for new homes:
- a newly built home, off-the-plan purchase or substantially renovated home valued up to $600,000
- a house-and-land package or building contract where land plus build is up to $750,000
Established homes don't qualify for the grant.
Stamp duty for first home buyers
The First Home Buyers Assistance Scheme removes transfer duty on new and existing homes up to $800,000, with reduced duty up to $1,000,000. For vacant land, there's no duty up to $350,000 and reduced duty up to $450,000.
Because the grant cap ($600,000) is much lower than the duty threshold ($800,000), many Sydney buyers get the stamp duty saving but not the grant.
Work out your exact duty with the NSW stamp duty calculator.
What first home buyers get: examples
| Example | Grant | Duty without concession | Duty you pay | Total benefit |
|---|---|---|---|---|
| New home, $600,000 | $10,000 | $21,187 | $0 | $31,187 |
| Established home, $750,000 | $0 | $27,937 | $0 | $27,937 |
Who's usually eligible
- You're 18 or over, and at least one buyer is an Australian citizen or permanent resident.
- You (and your partner) haven't owned a home in Australia before or received a first home grant.
- You move in within 12 months and live there for at least 6 to 12 months, depending on the scheme.
The exact rules differ between the grant and the duty concession, so check each one before you sign.
Federal schemes you can add
5% Deposit Scheme. Buy with a 5% deposit (2% for single parents) and pay no lenders mortgage insurance. There are no income limits or caps on places, but the price must be under the cap for your area: $1,500,000 in NSW ($800,000 in regional areas). Estimate what you'd save with the LMI calculator.
Help to Buy. The government can take an equity share in your home, so you need a smaller loan. For 2026–27 the income limits are $103,000 for singles and $165,000 for couples and single parents. Property price caps and other conditions apply.
First Home Super Saver scheme. Save part of your deposit inside super, where it's taxed at 15%. You can contribute up to $15,000 a year and release up to $50,000 in total. Our salary sacrifice calculator shows how much you'd save.
Common questions
How much is the first home owner grant in NSW?
It's $10,000 for a new home valued up to $600,000, or a house-and-land package or build up to $750,000. Established homes aren't eligible.
Do first home buyers pay stamp duty in NSW?
Not on a new or existing home up to $800,000. Between $800,000 and $1,000,000 you pay reduced duty, and above $1,000,000 you pay full duty.
Can I get the NSW grant and the stamp duty exemption together?
Yes. If you buy a new home under $600,000, you can receive the $10,000 grant and pay no stamp duty.
Grants in other states
General information only. Grants and concessions have detailed conditions and can change. Source: NSW Government, First Home Owner (New Home) Grant; Housing Australia.