NSW Guide · FY 25/26
New South Wales First Home Buyer Benefits
A modern snapshot of NSW incentives so you can compare stamp duty relief and grants before opening the calculator.
Max Stamp Duty Exemption
$800k
Full relief for eligible first home buyers.
Max FHOG Amount
$10,000
New homes or builds within the cap.
Price Caps
Up to $1M
Duty concession to $1M; FHOG cap $600k ($750k build).
Detailed rules
Established homes
- Full stamp duty exemption up to $800,000.
- Concession tapers between $800,000 and $1,000,000.
- No FHOG is available for established properties.
New builds & off-the-plan
- $10,000 FHOG for new homes up to $600,000.
- Build contracts can be up to $750,000 for the grant.
- Stamp duty exemptions follow the same $800k/$1M thresholds.
Real-World Scenarios
Scenario A — The Parramatta Apartment
Sarah is buying an established apartment in Parramatta for $750,000.
- Stamp duty: $0 (full exemption under $800k, saving ~$28k).
- Deposit: $37,500 (5% with the federal guarantee).
- Federal scheme: First Home Guarantee with no income cap, avoiding ~$25k LMI.
Scenario B — The New Build Grant
A first home buyer secures a $580k new build in Western Sydney.
- FHOG: $10,000 on a new home under $600k.
- Stamp duty: $0 (full exemption still applies).
- Total impact: grant plus full duty relief.
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