More than 50,000 first home buyers have found their dream home thanks to the Minns Labor Government’s signature stamp duty assistance program.

In Campbelltown, 906 first home buyers have accessed the scheme, the second highest uptake of the scheme in NSW. Each buyer in Campbelltown saved an average of $21,006 each, easing the pressure on the key task of saving for a deposit.

The popular initiative has seen first home buyers save an average of $20,540 across NSW, with total stamp duty savings for first home buyers topping $1 billion since July 2023.

First home buyers are using the program to get a foot on the property ladder in a market heavily influenced by investors. The First Home Buyers Assistance Scheme provides a full exemption from stamp duty for eligible buyers purchasing up to $800,000 and a concession for purchases between $800,000 and $1 million. This means first home buyers can save up to $30,529 in stamp duty.

Of the more than 50,000 first home buyers who have received support under the Minns Government’s program, more than 37,000 first home buyer households received a full exemption and more than 14,500 received a concession.

The milestone coincides with the release of a helpful dashboard detailing the program’s impact suburb-by-suburb. The First Home Buyers Assistance Dashboard also provides program statistics by Local Government Area and regional classifications. It will be updated regularly and can be viewed at https://www.revenue.nsw.gov.au/help-centre/resources-library/statistics/fhba-dashboard.

First home buyers can learn more about the program and calculate their potential stamp duty savings at https://www.nsw.gov.au/housing-and-construction/home-buying-assistance/first-home-buyers-assistance-scheme/how-to-apply.

This program is part of a suite of reforms from the Minns Government to help address the housing crisis and ease cost of living pressures. This includes sweeping reforms of the planning system to deliver more housing, including establishing the Housing Delivery Authority to speed up approvals.

Member for Campbelltown Greg Warren said:

“It’s fantastic to see so many people across Campbelltown benefitting from this outstanding program.”

“Almost 1,000 families across Campbelltown have been able to get into their first home sooner, and with more money in their pockets thanks to this essential financial relief.”

Premier Chris Minns said:

“We have now delivered more than $1 billion for first home buyers since coming to Government.

“There is more to do on cost of living, but this is real relief that has helped 50,000 NSW singles, couples and families.

“Our Government is helping more buyers to get a foot on the ladder, without having to leave Sydney or NSW.

“This is the best first home buyer scheme in the country, and just one part of our plan to address the housing crisis and build a better NSW.”

Treasurer Daniel Mookhey said:

“This is an incredible milestone for this program.

“50,000 families have been able to get into their first home sooner because of this essential stamp duty relief.

“The savings mean more money in people’s pockets, easing pressure on households and giving crucial assistance in the task of saving for a deposit.”

Minister for Finance Courtney Houssos said:

“Families and households in NSW are feeling under pressure with increasing costs of living. We want to support families and households to realise the certainty of home ownership.

“This shows our program is working, delivering real savings that can make a real difference for first home buyers.”