First Home Buyers Assistance Scheme

If you are a first home buyer in NSW, you may be eligible for a full exemption or a reduced rate of transfer duty under the First Home Buyers Assistance Scheme.

To be eligible for the First Home Buyers Assistance Scheme:

• the purchase must be for a new or existing home, or vacant land in NSW
• the property value must be within the threshold amounts
• the transfer must be for the whole property
• you must be an individual, (not a company or trust*)
• you must be over 18*
• you and your spouse or partner, must never have owned or co-owned residential property in Australia
• you and your spouse or partner, must never have previously received an exemption or concession under the scheme
• at least one of the first home buyers must be an Australian citizen or permanent resident
• for new or existing homes, you must meet the requirements for living in the property.

*This requirement may be waived upon application. Contact Revenue NSW for more information.