SERVICES
Buying your first home in New South Wales isn’t a “journey”; it’s a high-stakes financial contract. Success doesn’t come from “confidence,” it comes from rigorous preparation. Care First Finance manages the mechanics—from pre-approval through settlement—but the outcome depends on your financial literacy.
Before you submit a single application, you must audit the available government incentives and dissect your actual financial responsibilities. If you don’t know the exact numbers regarding stamp duty concessions or the First Home Guarantee, you aren’t ready to buy.
First Home Buyers Assistance Scheme (NSW)
The First Home Buyers Assistance Scheme offers eligible purchasers a full or partial exemption on transfer duty (formerly known as stamp duty). This initiative can significantly reduce upfront costs and ease your entry into the property market.
Eligibility Criteria:
- You must be purchasing your first home in Australia.
- The property’s total value (including land) must be under $800,000.
To estimate your potential duty concessions and other entitlements, use the Residential Property Buyer Tool provided by Revenue NSW.
First Home Owner Grant – New Homes
In addition to transfer duty relief, you may also qualify for the First Home Owner Grant (FHOG), which provides a $10,000 grant towards the purchase or construction of a new home.
To be eligible, you must:
- Be buying or building your first home.
- Ensure the home is brand new and has not been previously occupied.
- Ensure the property’s total value (including land) is under $750,000.
At Care First Finance, we understand the complexities of the home loan market and offer expert guidance tailored to your financial situation. Our team works closely with first home buyers to simplify the lending process and ensure you maximise all available benefits.
Once ready, You can start your loan application.
DISCLAIMER
This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders’ terms and conditions, fees and charges and eligibility criteria apply
