SERVICES
Our Services
First Home Buyers
Your Journey to Home Ownership Starts Here
Purchasing your first home is a significant milestone—and it’s essential to navigate the process with confidence and clarity. At Primestone Financial Services, we specialise in supporting first home buyers across New South Wales, guiding you every step of the way from pre-approval to settlement.
Before lodging your loan application, it’s important to familiarize yourself with the various government incentives and financial responsibilities that come with buying your first home.
First Home Buyers Assistance Scheme (NSW)
The First Home Buyers Assistance Scheme offers eligible purchasers a full or partial exemption on transfer duty (formerly known as stamp duty). This initiative can significantly reduce upfront costs and ease your entry into the property market.
Eligibility Criteria:
- You must be purchasing your first home in Australia.
- The property’s total value (including land) must be under $800,000.
To estimate your potential duty concessions and other entitlements, use the Residential Property Buyer Tool provided by Revenue NSW.
First Home Owner Grant – New Homes
In addition to transfer duty relief, you may also qualify for the First Home Owner Grant (FHOG), which provides a $10,000 grant towards the purchase or construction of a new home.
To be eligible, you must:
- Be buying or building your first home.
- Ensure the home is brand new and has not been previously occupied.
- Ensure the property’s total value (including land) is under $750,000.
At Primestone Financial Services, we understand the complexities of the home loan market and offer expert guidance tailored to your financial situation. Our team works closely with first home buyers to simplify the lending process and ensure you maximise all available benefits.
Once ready, You can start your loan application.
DISCLAIMER
This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders’ terms and conditions, fees and charges and eligibility criteria apply
