First home buyer · NSW
First home buyer guide for NSW
Map deposit, stamp duty, grants, and the federal 5% deposit scheme for a New South Wales purchase — then confirm every number on official Revenue NSW and Housing Australia pages before you exchange.
NSW quick reference
Illustrative cheat sheet only — verify on official calculators before exchange.
- Stamp duty — full exemption
- $0 duty ≤ $800k
- New or existing home (FHBAS, from Jul 2023)
- Stamp duty — partial
- $800,001 – $999,999
- Concessional rate — not full $0
- Vacant land exemption
- ≤ $350,000
- Build within required timeframe
- FHOG (new homes)
- $10,000
- New build ≤ $600k (verify Revenue NSW)
- FHBG cap — Sydney/metro
- $1,500,000
- Illawarra, Newcastle, Lake Macquarie
- FHBG cap — other NSW
- $800,000
- Regional & other areas
- Cooling-off (private sale)
- 5 business days
- Auction = unconditional
- Pre-approval validity
- ~90 days
- Reconfirm before offer
Who this helps
- Buyers comparing NSW stamp duty exemption vs partial concession bands
- Households checking whether an FHBG 5% path fits Sydney / Illawarra / Newcastle caps
- Purchasers modelling funds to complete beyond the deposit (legals, LMI, buffers)
- Remote NSW buyers who want broker support by phone, video, or WhatsApp
How we work the file
Step 1
Confirm state + federal rules
Check duty and grant pages for your state, then FHBG caps on firsthomebuyers.gov.au for your property area.
Step 2
Model funds to complete
Deposit, duty, grants, LMI (if any), and settlement buffers in one ledger — estimates only until your scenario is assessed.
Step 3
Prepare the lending file
Income evidence, genuine savings story, and lender shortlist. You decide whether to apply.
Responsible lending applies. We do not guarantee approval, grants, stamp duty outcomes, or scheme eligibility.
Official NSW links
Common questions
What is the NSW first home buyer stamp duty exemption threshold?
Does NSW still offer a First Home Owner Grant?
What are the NSW First Home Guarantee (5%) price caps?
Do you have a Sydney branch for NSW buyers?
Is this personal credit advice?
Who you are dealing with
Bishnu Adhikari
Mortgage broker, Azure Home Loans — Credit Representative ACR 538895, auth. under ACL 390261, authorised under Yellow Brick Road. Australia-wide, including New South Wales.
You deal with the same broker from first enquiry through to settlement. First home files turn on deposit, scheme eligibility and lender policy on low deposits far more than on the advertised rate, so the structure is worth getting right before you make an offer.
Responsible lending, plainly
As a credit assistance provider we are required to make reasonable enquiries about your financial situation, requirements and objectives, verify them, and tell you if a loan would be unsuitable for you. Nothing on this page is a credit approval, a pre-approval, or an offer of finance. Grant and concession eligibility is decided by the relevant government body, and approval is always the lender's decision — neither is guaranteed.
New South Wales duty concessions, grants and price caps change with state and federal budgets. Confirm every figure on the official sites above before you exchange, and speak to a broker when you want them checked against your file.
Related hubs
Important information
The information on this website is general in nature only. It does not take into account your objectives, financial situation, or needs, and you should consider whether it is appropriate for you before acting on it.
Credit assistance and lending are subject to lender assessment, terms, conditions, fees, charges, and eligibility criteria. A loan product that suits one borrower may not suit another.
You should consider obtaining independent legal, financial, and taxation advice before making decisions about credit or property.
First home buyers
Funds to complete worksheet
Enter a purchase price and deposit for an illustrative total — duty and LMI are estimates only. Confirm with your state revenue office and broker before you exchange.
$158,500
Illustrative funds to complete (not a quote)
Ready to map a NSW first-home pathway?
Bishnu Adhikari — call 0400 77 77 55 or send an enquiry. General information only.
Prefer the phone? 0400 77 77 55 — direct line to Bishnu Adhikari.