Stamp Duty for First Home Buyers in NSW: Complete 2026 Guide
Stamp Duty for First Home Buyers in NSW
Buying your first home is exciting, but stamp duty can feel overwhelming. If you are a first home buyer in NSW, the good news is that the government offers generous concessions and exemptions that can save you thousands of dollars. Understanding how stamp duty works is the first step toward making a confident property decision.
At Grow 360, we help first home buyers across NSW navigate property costs, grants, and smart investment choices.
What Is Stamp Duty in NSW?
Stamp duty, also known as transfer duty, is a tax paid to the NSW government when you buy property. The amount depends on:
Purchase price of the property
Type of property
Whether you are a first home buyer
Property location and use
For first home buyers, NSW offers significant relief through exemptions and reduced stamp duty rates.
Stamp Duty Exemptions for First Home Buyers NSW
You may be eligible for a full stamp duty exemption if:
You are buying your first home
The property value is up to $800,000
You are an Australian citizen or permanent resident
This means you pay zero stamp duty, which can save tens of thousands of dollars.
Stamp Duty Concessions for First Home Buyers
If your property value is between $800,000 and $1,000,000, you may qualify for a stamp duty concession. This reduces the amount you pay instead of removing it completely.
The closer the price is to $800,000, the higher the discount. Once the price exceeds $1,000,000, standard stamp duty rates apply.
First Home Buyer Choice Scheme (NSW)
NSW also offers the First Home Buyer Choice Scheme, which allows eligible buyers to choose between:
Paying stamp duty upfront, or
Paying an annual property tax
This option can significantly reduce upfront costs, making it easier to enter the property market sooner.
Eligibility generally includes:
Property value up to $1.5 million (for homes)
Owner-occupied property
First home buyer status
This scheme is particularly useful for buyers who want to preserve cash for renovations or future investments.
Stamp Duty for Off-the-Plan Properties
If you are buying off-the-plan, stamp duty is usually calculated based on the land value plus construction costs paid at the time of purchase. First home buyers may still access exemptions or concessions depending on the final value.
Common Mistakes First Home Buyers Make
Many buyers miss out on stamp duty savings because they:
Do not apply on time
Buy an ineligible property
Exceed price thresholds unknowingly
At Grow 360, we help you avoid these costly mistakes before you sign a contract.
How Grow 360 Helps First Home Buyers in NSW
We work with first home buyers across NSW to:
Understand stamp duty exemptions and concessions
Evaluate property investment potential
Work with trusted lenders and conveyancers
Our goal is not just buying a home, but buying it smartly.