First Home Buyer Assistance Scheme
If you are looking to buy your first home, there are a variety of government grants and schemes available at both national and state levels to help you with your purchase. Depending on the criteria in each state, you can enjoy certain exemptions or financial assistance when buying your dream home!
Under the First Home Buyers Assistance Scheme (FHBAS), you can receive a stamp duty waiver or stamp duty concession when you purchase a home for the first time. This scheme allows you to either be entitled to a concessional rate of transfer duty charges or even an exemption from paying it altogether, depending on the value of the home you are purchasing.
With FHBAS, you can buy a new home valued at less than $650,000, apply for a full exemption, and pay no transfer duty. This scheme is currently ongoing and will not be affected by the property tax announcement effective 16 January 2023 if you purchase any property below $800,000. To qualify for this scheme:
- you must be an individual, not a company, or trust
- you must be over 18
- you, and your spouse or partner, must never have owned or co-owned residential property in Australia
- you, and your spouse or partner, must never have received an exemption or concession under this scheme
- at least one of the first home buyers must be an Australian citizen or permanent resident.
For more information on FHBAS and how you can apply, please refer here.
Own Your First Home In The Heart Of Parramatta
Individuals and families who have never owned a property before can use the FHBAS to acquire their first house with some savings on closing expenses. At West Village, our apartments’ starting price is $550,000, enabling you to enjoy the full stamp duty exemption* if you choose to make West Village your first home.
Our 40-storey tower in the heart of Parramatta, with its expansive panoramic views of Harbour Bridge and the Blue Mountains, features sophistically designed 1 to 3-bedroom apartments. West Village also offers a beautifully manicured courtyard and roof gardens, giving you a private sanctuary within the city centre – all minutes away from the city’s top restaurants, retail, and transport hub.
By making use of the government assistance schemes, you can make your dreams of homeownership a reality and take advantage of the resources available to you. If you are a first home buyer looking for a combination of modernity, sophistication, privacy, and access to all social and retail delights, then West Village is the choice for you. Contact us today to find out how you can own your dream home with West Village.
*Terms & Conditions apply.
Display Opening Hours
Monday – Friday: 10am-5pm
Saturday: By appointment only
West Village Display Suite
Shop 1/88, Church St, Parramatta, NSW 2150, Sydney Australia