Government Grants & Incentives for First Home Buyers in NSW (2025 Update)

Buying your first home in NSW is an exciting milestone, but it can also be expensive. Fortunately, the NSW Government offers a range of grants and incentives to help first home buyers reduce costs and make home ownership more attainable. In this 2025 update, we’ll break down the available programs, how to apply, and whether a mortgage broker or buyers agent can assist you in the process.

1. First Home Owner Grant (New Homes) – NSW

The First Home Owner Grant (FHOG) provides a one-off payment for eligible first home buyers purchasing or building a new home.

Amount: $10,000

Eligibility: Must be a first home buyer, purchasing a new home or building a new property valued up to $750,000.

Application: You can apply through Revenue NSW when you complete your property transaction.

2. First Home Buyers Assistance Scheme (Stamp Duty Concessions)

Stamp duty can be a significant expense for first home buyers. The NSW First Home Buyers Assistance Scheme reduces or eliminates this cost.

Eligibility: Applies to homes valued up to $800,000 for full exemption and up to $1 million for a concessional rate.

How to Apply: First home buyers must submit the application via Revenue NSW. The process is usually completed at the time of property settlement.

3. NSW HomeBuilder Grant

While the HomeBuilder Grant primarily supports new builds and renovations, first home buyers may be eligible for this $25,000 grant for newly built homes or substantial renovations.

Eligibility: Applies to owner-occupiers building a new home or renovating an existing home.

Application: Can be submitted online via the HomeBuilder portal or through your lender.

4. First Home Loan Deposit Scheme (FHLDS) – Federal Incentive

The FHLDS helps first home buyers purchase a property with as little as a 5% deposit without paying lenders mortgage insurance (LMI).

Eligibility: Must be an Australian citizen and meet income thresholds.

Application: Applications are made through participating lenders, often with the assistance of your mortgage broker.

5. How to Apply – Can a Mortgage Broker or Buyers Agent Do It for You?

Many first home buyer incentives require a direct application to government agencies like Revenue NSW. However, mortgage brokers and buyers agents can:

Check eligibility: Ensure you meet income, property, and first home buyer criteria.

Guide the process: Help fill out forms and gather necessary documents.

Submit through lenders: For schemes tied to your home loan, such as FHLDS or HomeBuilder, brokers can often submit applications on your behalf.

Assist with property search: As a buyers agent, I can help you find, shortlist, and purchase your first home—whether it’s a house and land package or an established property.

While some grants must be personally applied for, having a broker or buyers agent simplifies the process, reduces errors, and ensures you claim everything you’re entitled to.

6. Key Tips for First Home Buyers in NSW (2025)

Keep all identification, property contracts, and loan documents ready.

Act early: Some grants have limits and deadlines.

Speak to a mortgage broker or buyers agent experienced in first home buyer programs—they can save you time and potentially money.

Combine incentives: For example, you can use both the FHOG and FHLDS to reduce upfront costs.

Truth Group – NSW first home buyer grants and incentives are designed to make buying your first property more achievable. As both a mortgage broker and buyers agent, I can help ensure your grant applications are complete and accurate, while also assisting you to search, shortlist, and find your first home—whether it’s a house and land package or an established property. Reach out to Truth Group for expert advice on grants, incentives, and home loan solutions tailored to your needs.