Buying Your First Home in 2025? What You Need to Know About the NSW First Home Buyer Scheme
- Kai Yeung
- Sep 12
- 3 min read
At Yorkins Legal, we know that buying your first home is one of life’s biggest milestones. It’s exciting, but it can also be daunting—especially when you’re trying to understand government grants, stamp duty concessions, and deposit schemes that change year to year. With the release of the 2025 NSW First Home Buyer Scheme updates, there are significant opportunities available to help first-time buyers take that first step onto the property ladder.
As a law firm with extensive experience in property law and conveyancing, we’re here to simplify the process and ensure you don’t miss out on the benefits you’re entitled to. Below, we’ve outlined the key programs and changes for 2025, and how we can guide you through them.
The Key Benefits Available in 2025
The NSW Government and Federal Government are both offering programs that reduce upfront costs and lower the barriers to home ownership:
First Home Buyers Assistance Scheme (FHBAS):Full stamp duty exemption for homes valued up to $800,000, with concessions up to $1 million. For vacant land, exemptions apply up to $350,000, with reduced duty up to $450,000*
First Home Owner Grant (FHOG):A $10,000 grant is available when you buy or build a brand-new home*
Home Guarantee Scheme (HGS):From 1 October 2025, this scheme is being expanded significantly:
Unlimited places (no caps on the number of participants)*
Increased property price caps (up to $1.5 million in Sydney and regional centres)*
5% deposit with no Lenders Mortgage Insurance (LMI)*
These initiatives can save you tens of thousands of dollars, but eligibility requirements and timing are critical*
*Disclaimer: The information in this article is general in nature and does not constitute legal or financial advice. Eligibility criteria and thresholds for first home buyer schemes may change. For the most up-to-date details, please refer to the official NSW Government website: www.revenue.nsw.gov.au.
How Yorkins Legal Can Help
While these programs offer great opportunities, they can also be complex. Each has its own conditions about property value, residency, and settlement timelines. That’s where having the right legal support makes all the difference.
At Yorkins Legal, our conveyancing team will:
Check your eligibility across multiple schemes and confirm the savings you’re entitled to.
Guide you through contracts and compliance, ensuring you meet residency and timing requirements.
Liaise with lenders, agents, and government bodies on your behalf so the process is smooth.
Protect your interests in the contract of sale, avoiding costly mistakes that could jeopardise your benefits.
We don’t just handle the paperwork—we make sure the transaction is legally sound and that you keep every benefit available to you as a first home buyer.
Final Thoughts
The NSW and Federal Governments have made 2025 a pivotal year for first home buyers, with bigger incentives and fewer barriers. But navigating these schemes can be tricky, and missing a deadline or condition could cost you thousands.
If you’re preparing to buy your first home, let Yorkins Legal be your partner in the process. Our experienced conveyancing solicitors will guide you step by step, ensuring your purchase is legally secure and that you maximise the support available.
SEEKING LEGAL ADVICE
The circumstances for each sale or purchase of a property can be different. Before exchanging a Contract of Sale, you should always plan ahead by speaking with a legal professional about your matter.
At Yorkins Legal, we aim to give our clients hassle-free legal services. We can assess and advise on your circumstances to ensure your next purchase or sale of a property is as smooth as possible.
Our initial consultations are free, confidential and can be discussed over the phone or in person.
We offer after-hours consultations and mobile service for our clients’ convenience. We will meet you wherever it is most comfortable for you, whether at your home or office.
Contact us to speak with our friendly team today.
Related Solicitor
Kai Yeung
Principal Solicitor
T: (02) 7255 2788
Disclaimer - The information contained on this site is intended only to provide a general overview of matters of interest and is intended to apply only within Australia. It does not constitute legal advice. Professional advice should be obtained from a Yorkins Legal professional before taking any action in relation to any information contained on this site.
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