NSW Stamp Duty Concessions & First Home Owners Grant (FHOG)

https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer

First Home Buyers Assistance Scheme

• Full stamp duty concession for purchasing a first property up to $800,000. (Potential savings up to $31,065).
• Partial stamp duty concession on a sliding scale for first property purchases between $800,000 and $1,000,000.
• No concession above $1,000,000 purchase price.
• An eligible first home buyer can also now buy with someone who is not their spouse and who is not an eligible first home buyer (a sibling, parent or friend for example). The first time buyer needs to be acquiring at least 50% of the property. 

First Home Owners (New Home) Grant 

The $10,000 First Home Owner Grant is available for newly built or substantially renovated homes.

General Eligibility Criteria:

• It's a new home that no-one has lived in before.
• Purchase price / value no more than $600,000 (or, for a house and land package with comprehensive building contract, no more than $750,000).
• You must also move into the property within 12 months from settlement and live there for at least 12 continuous months.

Substantially Renovated Definition:

The property has been created through renovations in which all, or substantially all of a building is removed or replaced (whether or not the renovations involve the removal or replacement of foundations, external walls, interior supporting walls, floors or staircases), and, as renovated, has not been previously occupied or sold as a place of residence.

Additional Owner Builder Evidence Requirements:

• a copy of the approval from council for the laying of the
  foundations or receipt for foundations.
• a copy of the occupation certificate or a Final Inspection
  Certificate.
• a copy of the documentary evidence of building costs
  incurred for the construction of the home. The proof
  submitted must total an amount equal to or greater than
  the grant and must not include your own labour costs.
• title search showing the applicant(s) as the registered
  proprietor(s).
• evidence of total value of the property (house and land) as
  at completion of construction, attach one of the following:
  - a copy of the property valuation by a suitably qualified
  valuer
  - a copy of the property valuation obtained by your
  financial institution for the approval of your loan
  - a copy of a market appraisal by a registered real
  estate agent.

Help to Buy Scheme (shared equity)

To assist essential workers the government has given eligible purchasers the option to be a shared equity partner. The Help to Buy scheme in New South Wales lets eligible buyers purchase a home with a minimum 2% deposit while the Australian Government contributes up to 30% for existing homes or 40% for new builds.

Maximum purchase price in Sydney is $1,300,000 and $800,000 in the rest of NSW.

We do not currently assist clients with these loans but if more lenders join the scheme we may do so. https://www.nsw.gov.au/departments-and-agencies/homes-nsw/news/nsw-ready-for-help-to-buy