Purchasing a brand-new home in Sydney comes with a range of government initiatives that help reduce upfront costs and make the process more accessible. Both NSW state programs and a new federal scheme provide support that can assist with deposits, stamp duty and other expenses, making newly built apartments and townhouses more achievable for buyers.
Federal Scheme: Lower Deposits and No Lenders Mortgage Insurance
From 1 October 2025, the federal government is expanding it’s Home Guarantee scheme which will allow eligible first-home buyers to purchase with as little as a 5% deposit and no need to pay Lenders Mortgage Insurance (LMI). The scheme will cover properties priced up to $1.5 million in Sydney and there are no income caps or limits on the number of places available. For buyers looking at new apartments, this significantly opens up what’s within reach.
NSW Incentives for New Homes
In addition to federal support, NSW offers programs for buyers of brand-new homes:
First Home Owner Grant (New Homes): Eligible buyers can receive a $10,000 grant when purchasing a brand-new property, including off-the-plan apartments and townhouses.
Stamp Duty Concessions: First-home buyers can access full exemptions on stamp duty for new homes valued up to $800,000, and concessions on properties up to $1 million.
Off-the-Plan Stamp Duty Deferral: If you’re buying off the plan and plan to live in the property, you may be able to defer your stamp duty payment for up to 12 months—or until the property is completed.
For the most up-to-date details, visit Revenue NSW.
Why Buyers Are Choosing Newly Built Homes in Sydney
Beyond financial support, newly built homes offer a variety of benefits:
1. Extra Time to Prepare
Because settlement happens once construction is complete (often 12–24 months later), you’ll have more time to save for moving costs, furnishings or additional repayments.
2. Modern Design & Finishes
Newly built homes are designed with contemporary living in mind. Expect open-plan layouts, natural light, energy-efficient appliances and modern safety and building standards.
3. Lifestyle-focused Amenities
Many new developments include shared spaces and facilities that enhance everyday life. Rooftop terraces, landscaped courtyards, pools and communal spaces are increasingly common, creating opportunities for relaxation, socialising and community building.
Buying a newly built home in Sydney combines the security of modern construction, lifestyle-focused design and the financial support of both federal and NSW government incentives. Brand-new apartments are increasingly appealing, offering flexibility, convenience and modern amenities to suit a wide range of buyers.
If you’re interested in exploring what’s available, view our Sydney projects here.
