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Shared Equity First Home Buyer Helper



The NSW Government is supporting and creating opportunities for lower income single parents, older singles and first home buyer first home buyer key workers who are nurses, midwives, paramedics, teachers, early childhood educators or police officers.


For eligible persons, the NSW Government will contribute up to 40 per cent of the purchase price for new dwellings and 30 per cent on established properties, in exchange for an equivalent interest in the property. The Government will secure its interest in the property by way of a registered second mortgage.


No payments (such as rent or interest) are required to the Government on its equity contribution while a participant remains eligible for the initiative. Participants can make voluntary payments to increase their share in the property.

All purchase costs including stamp duty are the responsibility of the participant. Participants will remain eligible for first home buyer programs and any stamp duty or land tax concessions where applicable.


The gross income of the participants must be no more than $90,000 for singles and $120,000 for couples.

Participants must buy a home in NSW with the maximum property price determined by the home’s location:

  • $950,000 in Sydney and major regional centres (Newcastle & Lake Macquarie, Illawarra, Central Coast and North Coast of NSW), or

  • $600,000 in other regional areas of NSW.

Participants must:

  • be 18 years or over

  • be an Australian or New Zealand citizen, or a permanent Australian resident

  • have a minimum deposit of 2% of the purchase price

  • occupy the property as their principal place of residence

  • not currently own any land or property

  • not be able to service the mortgage for the property purchase without the government contribution but be able to service the mortgage with a participating lender with the government contribution.

To remain eligible, participants will need to occupy the property as a principal place of residence and meet ongoing requirements, including property maintenance, property insurance, and periodic reviews. Participants are also responsible for ongoing property costs such as council rates, body corporate fees and utilities.


When the property is sold the NSW Government will share in the gains or losses with the participant from the sale.


Get in touch with us to find out if you are eligible.

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