INCENTIVES PROVIDED BY NSW STATE & FEDERAL GOVERNMENT FOR FIRST HOME BUYERS AND OTHER BUYERS

As a home buyer in NSW, especially first home buyers, you may be eligible for a number of exemptions, concessions and grants. They could give you the boost you need to get into your new home sooner.

FIRST HOME LOAN DEPOSIT SCHEME

The Government’s First Home Loan Deposit Scheme (FHLDS) allows first-time buyers to put down a deposit as little as 5%, to help buy a home sooner.
Eligible applicants will receive a limited guarantee from the Australian Government to purchase their first home with a deposit of as little as 5%.

NO LENDER’S MORTGAGE INSURANCE

The First Home Loan Deposit Scheme is designed to get eligible buyers into their first home sooner without having to pay lender’s mortgage insurance.

FIRST HOME BUYERS GRANT

First home buyers building a new property will be entitled to a $10,000 grant on homes worth up to $750,000. First home buyers purchasing a new property worth up to $600,000 will be entitled to a $10,000 grant.

STAMP DUTY EXEMPTION FOR FIRST HOME BUYERS

Stamp duty for first-home buyers to be temporarily waived on new properties worth up to $800,000.

HOMEBUILDER PROGRAM

HomeBuilder will provide eligible owner- occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home where the contract is signed between 4 June 2020 and 31 December 2020. Construction must commence within three months of the contract date.

REGISTER YOUR INTEREST

Register now for more information on block sizes, prices,
development options and builder connections.

SMS “RPE” to 0488 826 806
for more information

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