🏡 First Home Buyer Options in NSW: What You Need to Know in 2025

Buying your first home is one of the biggest milestones in life — exciting, emotional, and, let's face it, a little overwhelming. The good news? If you’re a First Home Buyer in New South Wales (NSW), there are several grants, concessions, and schemes designed to make the journey smoother and more affordable.

Here’s a rundown of the most important options available in NSW for First Home Buyers in 2025.

1. First Home Buyer Assistance Scheme (FHBAS) – Stamp Duty Concessions

The FHBAS is a major win for first home buyers when it comes to saving on stamp duty (also known as transfer duty).

You may be eligible for:

Full stamp duty exemption for new or existing homes up to $800,000

Concessional stamp duty for homes between $800,000 and $1,000,000

For vacant land, the full exemption applies up to $350,000, with concessions up to $450,000

📋 Tip: This applies whether you're buying a newly built home, an existing property, or vacant land for building your first home.

2. First Home Owner Grant (FHOG) – $10,000 Grant

If you're building a new home or buying a newly built property, such as an apartment or townhouse that’s never been lived in, you could qualify for a $10,000 First Home Owner Grant.

Key criteria:

The total value of the new home must be less than $750,000

For apartments, the property must be:

Brand new (never previously sold or lived in)

Priced under $600,000

You must move into the property within 12 months and live there for at least 6 continuous months

✅ This is an excellent option for first home buyers looking to enter the market through a modern apartment in well-connected suburbs.

3. First Home Guarantee Scheme (FHBG)

Previously known as the First Home Loan Deposit Scheme, this Federal Government initiative helps you buy a home with as little as 5% deposit — and without needing to pay Lender’s Mortgage Insurance (LMI).

Who’s eligible?

Must be a first home buyer earning under $125,000 as a single or $200,000 as a couple

Buying a home under regional price caps (varies by area – up to $900,000 in Sydney and major regional centres)

🛡 This is a great option if saving up a 20% deposit feels out of reach.

4. Shared Equity Home Buyer Helper (NSW Government)

This program helps eligible buyers purchase a home with just a 2% deposit, with the NSW Government contributing up to 40% for new homes or 30% for existing homes in exchange for a share in ownership.

Eligibility includes:

Single parents, older singles (over 50), and key workers (teachers, nurses, police, etc.)

Income thresholds apply

This scheme is still being trialled in 2025 and has limited places, but it can be a life-changing option if you qualify.

5. Help from a Mortgage Broker (Like Us!)

Navigating these options can feel like a maze, but that’s where a qualified mortgage broker comes in. We help you:

Find out which grants and schemes you qualify for

Understand how to apply and what documents you need

Match you with a lender that suits your goals

Get pre-approval so you can shop with confidence

✅ Final Thoughts

If you're a first home buyer in NSW, you’re not alone — and you don’t have to go it alone. With so many assistance options on the table in 2025, there’s never been a better time to explore your home ownership dreams.

Need help figuring it all out?At Real Mortgage, we’re here to guide you every step of the way.

Book a free consultation and let’s make your first home a reality.

📞+61 470 440 347

📬 https://app.real-mortgage.com.au/booking

🌐https://real-mortgage.com.au