Eligibility:
Key eligibility remains: minimum deposit of 5% of the property value, participating lenders, must be Australian citizen over 18, and home to be principal place of residence.
Important for NSW: The scheme expansion is federal — the NSW state duty relief and grants remain separate and unchanged at the time of writing.
Grant Amount: $10,000
Eligibility:
Benefit:
Full or partial exemption from transfer (stamp) duty for eligible first home buyers purchasing a new or existing home, or vacant land on which they plan to build.
Eligibility:
Full exemption applies for new or existing homes valued up to $800,000.
Concessional rates apply for homes valued between $800,000 and $1,000,000.
For vacant land, a full exemption applies for land valued up to $350,000, and concessional rates apply between $350,000 and $450,000.
You must move into the property within 12 months of purchase and live there for at least 12 continuous months.
How to Apply:
Applications are typically lodged through your conveyancer, solicitor, or mortgage broker during settlement. You can also apply directly via Revenue NSW if you meet the eligibility criteria.
Overview:
The NSW Government’s Shared Equity Home Buyer Helper program has now closed to new applications. This pilot scheme supported eligible single parents, older singles, and first home buyers in key sectors by contributing up to 40 percent of the purchase price for a new home or 30 percent for an existing home.
Status:
The trial period ended on 1 January 2024, and no new applications are being accepted. Existing participants will continue to receive support under the original program terms.
Further Information:
For updates or information on future shared equity initiatives, visit the official Revenue NSW or Housing Australia websites.
At Triple O Finance, we guide you through the complexities of government grants and concessions, ensuring you receive every benefit you’re entitled to. Our team will:
Assess your eligibility for grants and subsidies.
Assist with documentation and applications.
Provide tailored home loan solutions to complement your grant benefits.
Buying your first home in Australia? The First Home Buyer Grant can make it easier to get started. Learn how much you can receive, who’s eligible, and how to apply across different states. At Triple O Finance, we help first home buyers understand their options, combine grants with low-deposit loans, and achieve their homeownership goals faster.
Saving for a home deposit can be one of the biggest challenges for first-time buyers. From understanding how much deposit is needed to exploring low-deposit loan options and government grants, we guide you through every step. Learn how Triple O Finance helps first home buyers, especially emergency professionals, overcome deposit hurdles and make homeownership achievable
