NSW Home Buyer Grants & Assistance Schemes: Updated for 2023
Both the NSW government and federal governments have unveiled a wide range of schemes, loans and grants to help people, especially first-home buyers, get into the property market. Many of these initiatives, such as the state’s new rules on transfer (stamp) duty, will make a huge difference to anyone buying an off the plan apartment in Sydney, while new entrants have access to a wide range of assistance programs, such as the $10,000 First Home Grant.
Most of ALAND’s current pipeline of new apartments in Merrylands (The Gladstone Village), St Marys (Carson on the Park) and Gosford (The Archibald) falls under the price ceiling set by the government, meaning that prospective buyers will be able to apply for exemptions from transfer duty, one-off grants and other assistance. Under the First Home Guarantee, for example, you might be able to buy a brand-new ALAND apartment with as little as a 2% deposit.
To see what you might qualify for, please keep reading or download the information brochure here.
First Home Buyers Assistance scheme
From 1 July 2023, a full exemption from transfer duty was introduced by the NSW Government on properties valued up to $800,000, meaning most first home buyers will not need to pay transfer (or stamp) duty when they buy an apartment. Click to read more.
First Home Owner Grant
The NSW Government provides grants of $10,000 for the purchase of new or substantially renovated homes in NSW. Click to read more.
First Home Guarantee
Buy your home with as little as 5% deposit and enjoy an exemption from Lenders Mortgage Insurance. Click to read more.
Shared Equity Home Buyer Helper
The NSW Shared Equity Home Buyer Helper assists eligible single parents, older single people and key workers. Click to read more.
Family Home Guarantee
Buy your own home with a deposit as small as 2% and no Lenders Mortgage Insurance. Click to read more.
Regional First Home Buyer Guarantee
Buy your first home in a regional area with a deposit of as little as 5% without paying Lenders Mortgage Insurance. This Guarantee is not a cash payment or a deposit for a home loan. Click to read more.
First Home Super Saver Scheme
A portion of your super can be added to your deposit for a new apartment. Couples, siblings and friends can pool their resources to increase the amount of this deposit. Click to read more.
If you would like more information about any of these government assistance packages or to learn more about one of our exciting projects, get in touch with the ALAND Sales Team on 1800 025 263 or fill out your details below.