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Sydney housing market and first home buyer schemes

Sydney housing values fell 3.2 per cent in the June quarter while NSW and federal schemes set eligibility rules for grants and deposits.

By The Daily Sydney · Published 25 July 2026

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This article was written by AI from the linked sources and was not reviewed by a journalist before publishing. The Daily Sydney is part of The Daily Network and follows our reasonable editorial care.

Sydney's housing market fell 3.2 per cent over the June quarter according to the national Home Value Index data in the reports. The Reserve Bank of Australia held the cash rate at 4.35 per cent in June.

NSW offers a $10,000 First Home Owner Grant for newly built homes up to $600,000 or house-and-land packages up to $750,000. Eligible first home buyers receive a full stamp duty exemption on homes valued up to $800,000.

The federal First Home Guarantee allows purchase with a 5 per cent deposit and no lenders mortgage insurance with a Sydney price cap of $1.5 million. The Help to Buy scheme requires a 2 per cent deposit with government co-ownership up to 40 per cent for new builds and a Sydney cap of $1.3 million.

The First Home Buyer Choice scheme allows an annual property tax instead of stamp duty for eligible homes up to $1.5 million.

Sources: perplexity-sonar, perplexity-sonar.

References Sourced but Not Limited to:

brokernews.com.au

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