First home buyers
The NSW Government's Home Builders Bonus provides full exemption on stamp duty for new homes where the value does not exceed $600,000 and building has not commenced. It also applies to vacant land up to $400,000.
If you're a first home buyer, you could save up to $29,490 on the cost of building a new home by using a combination of the Home Builders Bonus and other NSW Government Schemes such as First Home Plus or the First Home Owners Grant Scheme.
For homes already under construction, stamp duty has been reduced by 25 per cent.
There is also a specific exemption for eligible seniors purchasing a new home as their principal place of residence.
The NSW Home Builders Bonus is available to everyone, including investors, who purchase a new house or apartment.
Read more about the NSW Home Builders Bonus:
- NSW Home Builders Bonus factsheet
- NSW Home Builders Bonus – supplementary information for developers/vendors
- NSW Home Builders Bonus application form
- Frequent questions
- Calculators
Comparison of benefits
A comparison of benefits under the NSW Home Builders Bonus and First Home Plus is available to assist first home buyers in choosing the most beneficial scheme.