First Home Buyers Assistance Scheme NSW (2026): Save Thousands on Stamp Duty

What is the First Home Buyers Assistance Scheme?

The First Home Buyers Assistance Scheme helps eligible first home buyers reduce the amount of transfer duty they pay when purchasing residential property in NSW.

Depending on the property's value, you could receive:

• A full exemption from transfer duty, meaning you pay no stamp duty.
• A reduced (concessional) rate of transfer duty.

This can save buyers thousands of dollars, making it easier to put more of their budget towards their new home rather than upfront government charges.

Who is eligible?

You may qualify for the scheme if you:

• Are purchasing your first home in Australia.
• Are buying as an individual rather than through a company or trust.
• Are at least 18 years old (in some cases, exceptions may apply).
• Have at least one purchaser who is an Australian citizen or permanent resident.
• Intend to live in the home as your principal place of residence.
• Have never previously received benefits under the First Home Buyers Assistance Scheme.

If you're purchasing with another person, eligibility will depend on both buyers' circumstances.

Property value thresholds

The amount of assistance available depends on the type of property you're purchasing.

New or existing homes

If you're buying a home:

• Up to $800,000 – Eligible buyers may receive a full exemption from transfer duty.
• More than $800,000 and less than $1 million – Eligible buyers may receive a reduced rate of transfer duty.

Vacant land

If you're purchasing land to build your first home:

• Up to $350,000 – Full exemption.
• More than $350,000 and less than $450,000 – Reduced transfer duty.

The exact amount you'll save depends on the property's purchase price

Building your first home with Domaine Homes

If you're purchasing land and planning to build with Domaine Homes, the First Home Buyers Assistance Scheme may help reduce your upfront costs before construction even begins.

Combined with other government initiatives, such as the First Home Owner Grant (if eligible), this could make building your first home more affordable than you might think.

Our experienced consultants can help connect you with finance specialists who understand the latest government incentives and can explain which schemes may apply to your situation.

Do I need to live in the home?

Yes.

To receive the benefit of the scheme, you'll generally need to:

• Move into your new home within 12 months of settlement (or completion if you're building), and
• Live there continuously for at least 12 months as your principal place of residence.

These residency requirements help ensure the scheme supports owner-occupiers rather than investors.

Can I combine this with other first home buyer incentives?

In many cases, yes.

Eligible buyers may be able to combine the First Home Buyers Assistance Scheme with other government initiatives, including:

• First Home Owner Grant (New Homes).
• Australian Government home ownership programs, where eligible.
• Other state or federal first home buyer initiatives available at the time of purchase.

Using multiple incentives together may help reduce both your upfront purchase costs and the amount of savings needed to get started.

How do I apply?

Applications are typically completed after you've exchanged contracts.

Your solicitor, conveyancer or lender can usually assist with lodging the required paperwork and identity documents with Revenue NSW.

It's a good idea to discuss your eligibility before purchasing so you understand exactly what assistance may be available.

Frequently Asked Questions

What is transfer duty?

Transfer duty, often referred to as stamp duty, is a government tax paid when purchasing property in NSW. The amount varies depending on the property's value.

Can I receive the scheme if I'm buying an existing home?

Yes. Unlike the First Home Owner Grant, the First Home Buyers Assistance Scheme applies to both new and existing homes, provided you meet the eligibility criteria and purchase within the relevant property value thresholds.

Does the scheme apply to vacant land?

Yes. If you're buying vacant land to build your first home, you may qualify for either a full exemption or a reduced rate of transfer duty depending on the land value.

Can I buy with someone who isn't eligible?

In some circumstances, yes. Shared equity arrangements may still qualify if eligible buyers acquire at least half of the property, although different rules apply when purchasing with a spouse or partner. Your solicitor or conveyancer can help determine whether you're eligible.

Take the Next Step Towards Your First Home

Navigating government grants and stamp duty concessions can seem confusing, but you don't have to figure it out on your own.

At Domaine Homes, we've helped thousands of first home buyers across NSW understand their options and start their building journey with confidence.

Whether you're looking for a house and land package or already own your land, our team can help point you in the right direction and connect you with finance experts who can explain which government incentives you may be eligible for.

Book a free consultation today and discover how much you could save on your first home.