New South Wales First Home Owner Grant
The First Home Owner Grant (FHOG) is a cash grant designed to help people who have never owned property buy their first home. Every state and territory offers their own version of the First Home Owner Grant.
People First Bank is an Approved Agent for the First Home Owner Grant in New South Wales, which gives eligible first home buyers a grant of up to $10,000.
With this grant, your first new home can be a house, townhouse, apartment, unit or similar that is newly built, purchased off the plan or substantially renovated.
There are a number of additional criteria including the value of the property, which can be found on the Revenue NSW website.
If you’re interested in applying for this grant, please use our enquiry form and our friendly team will be in touch to discuss your options.
New South Wales First Home Buyers Assistance Scheme
If you’re a first home buyer in NSW, you may be eligible for a full exemption or a reduced rate of transfer duty under the First Home Buyers Assistance Scheme.
If you are buying a new or existing home, or vacant land on which you intend to build a home, you may be eligible for either a full exemption or a reduced rate of transfer duty.
The criteria and the requirements for the value of the property are available on the Revenue NSW website.
If you’re interested in applying for this grant, you can do so via the Revenue NSW website.
First home buying assistance in other states
Federal Government grants and schemes
Myth-busted: You don't need a 20% deposit to buy your first home.
With the Australian Government 5% Deposit Scheme, find out how you can unlock your dreams sooner.
Home loans
Australian Government 5% Deposit Scheme
If you're a first home buyer or you haven't owned a property in Australia in the last ten years, we could help you into your own home sooner.
Home loans
First home buyer guide: grants, schemes and incentives
If you're a first home buyer, People First Bank can help with a range of government schemes and grants.
A step-by-step example of what to expect
Reach out to a People First Bank Home Loan Adviser to enquire about any grants or schemes you may be eligible for and where you can find more information about what’s available.
Your Home Loan Adviser will determine your eligibility for the various schemes or grants available and advise what you will need to provide to confirm eligibility.
If you are eligible, your Home Loan Adviser will reserve your place for the scheme and/or grant and issue your pre-approval (provided application and lending criteria are met). They will also provide you with timing requirements, specific dates, and depending on the grant or scheme, type of property you can purchase.
Once you’ve found your property, your Home Loan Adviser will obtain formal approval and finalise any paperwork and checks for your home loan which includes the schemes and grants you are eligible for.
Settlement, congratulations! You are now a homeowner! Your Home Loan Adviser will provide you with additional information you may need to know now your home loan has settled.
