What is the Help to Buy Scheme?
The Help to Buy Scheme is a government-backed shared equity scheme designed to support eligible first home buyers in Australia.
Instead of providing a cash grant, the government contributes up to:
- 40% for new builds
- 30% for existing homes
In return, the government holds a share in your property.
How it works:
- Buy your home with as little as a 2% deposit
- Reduce your total home loan size
- Pay lower monthly repayments
You can buy out the government’s share over time or when you sell your home.
Why Choose Help to Buy
The scheme is becoming a popular option for first home buyers in NSW because it reduces the biggest barriers to entry:
✔ Low deposit home options (from 2%)
✔ Lower mortgage repayments
✔ No lenders mortgage insurance (in most cases)
✔ Faster entry into the Sydney and NSW property market
Help to Buy Scheme NSW (New Build)
Here’s how a typical house and land package could look:
- Purchase price: $850,000
- Deposit (2%): $17,000
- Government contribution (40%): $340,000
- Home loan required: $493,000
> Without the scheme:
- 5% deposit = $42,500
- Larger loan = higher repayments
👉 This makes a significant difference for buyers trying to enter the NSW market sooner.
Building New with Help to Buy
If you’re building with the Help to Buy Scheme, there are specific requirements:
- Fixed-price building contracts only
- Fully inclusive builds (no hidden extras)
- Construction must begin within 12 months
- Build completion within 36 months
- Limited variations after signing
At New Living Homes, we specialise in compliant, fixed-price builds — helping first home buyers navigate the process smoothly.
Grants for First Home Buyers in NSW
You may be able to combine the Help to Buy Scheme with other incentives, including:
- $10,000 First Home Owner Grant NSW
- Stamp duty exemptions or concessions
Combining these can significantly reduce your upfront costs.
Help to Buy Fit?
This scheme may be ideal if you:
- Are a first home buyer in NSW
- Have a stable income but low deposit
- Want to buy or build sooner
Keep in mind: the government shares in your property’s value, including future
capital growth.
The Help to Buy Scheme Australia is opening the door for more buyers to enter
the market with less financial pressure.
With New Living Homes, you’ll have expert guidance every step of the way —
from eligibility to build completion.
Contact Us Today
Eligibility and conditions apply
Contact Us Today
Contact Us Today
Eligibility and conditions apply
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