First buyer and new home grants in NSW
For NSW – First and other home buyers grants explained:
First Home Owner Grant – $10,000 grant for first home buyers buying a brand new or constructing a home. It also applies to a substantially renovated home or knocking down an existing home.
New Home Grant Scheme – $5,000 grant towards the purchase of new homes, homes off the plan and vacant land on which a new home will be built. (not available with FHOG)
First Home New Home scheme – this allows for stamp duty exemptions below $550,000 and concessions for between $550-650,000. For vacant land there is no stamp duty payable below $350,000 and concessions between $350-450,000.
Other eligibility rules apply.