Top Tips for First Home Buyers in NSW
Are you a First Home Buyer in NSW?
There are great benefits available to help get you into your first home
- Only 5% deposit required under the First Home Guarantee (FHG) scheme if eligible
- No stamp duty on purchases up to $800k, which may save you $35k
- Some banks allow a family gift as part of your deposit
- 1 payslip may be sufficient for a bank to assess your income
- Casual income can be used if you have been in the role for 6 months or more
- Clearing a HELP/HECS debt can significantly improve your borrowing capacity
- 1st home buyera may be eligible for a $10,000 First Home Owner Grant for newly built home
