Omid Jolan and Azad Jolan recording the Glenmore Park & Western Sydney podcast, discussing first-home deposits and NSW stamp duty

First-Home Deposits,
Government Guarantees
& NSW Stamp Duty Explained

Q: Do first-home buyers pay stamp duty in NSW?

Eligible first-home buyers in NSW pay no transfer duty on an existing or new home priced at $800,000 or less under the First Home Buyers Assistance Scheme. A reduced rate applies on homes valued between $800,000 and $1 million. Vacant land is fully exempt up to $350,000, with a reduced rate up to $450,000.

What first-home buyers in Western Sydney need to know in 2026. Omid sits down with a mortgage broker to unpack the deposit schemes and stamp duty relief available right now.

Hosted by Omid Jolan with Azad Jolan, Mortgage Broker

Episode 1

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Omid Jolan, a Western Sydney real estate agent based in Glenmore Park with 15+ years on the ground, sits down each episode with local experts to answer the questions first-home buyers in Glenmore Park and Western Sydney are actually asking: deposits, stamp duty, schemes and what it takes to buy your first property in this market. No jargon, no sales pitch, just straight answers from someone who works here.

Buying your first home in Glenmore Park or the wider Western Sydney corridor often comes down to two questions: how small a deposit can you realistically get away with, and how much of your budget stamp duty will eat into. In this episode, Omid and mortgage broker Azad Jolan walk through the Australian Government’s low-deposit scheme and the NSW stamp duty exemptions currently available to first-home buyers, with every figure verified against official government sources.

The government guarantees the rest of the loan. That’s the part people don’t realise. No Lenders Mortgage Insurance, no income cap. It’s the same 5% deposit whether you’re buying at $500K or $800K.

In this episode

First-home deposit schemes

Azad breaks down the Australian Government 5% Deposit Scheme (formerly the Home Guarantee Scheme), which lets eligible first-home buyers purchase with just a 5% deposit (or 2% for single parents), with no Lenders Mortgage Insurance and no income caps.

Stamp duty exemptions in NSW

Under the First Home Buyers Assistance Scheme, eligible buyers pay no transfer duty on an existing or new home priced at $800,000 or less, with a reduced rate applying up to $1 million. For vacant land, the full exemption applies up to $350,000, with a reduced rate up to $450,000. Buyers must move in within 12 months of settlement and live there for at least 12 months.

Host & Guest

Omid Jolan

Real Estate Agent · Host

15+ years of experience helping first-home buyers navigate the market across Glenmore Park, Bradfield and the Aerotropolis.

15+ years local experience Western Sydney specialist

Azad Jolan

Mortgage Broker · Guest

10 years of experience guiding first-home buyers through deposit schemes, borrowing capacity and loan structuring across NSW.

10 years experience NSW mortgage broking

Common questions

How much deposit do I need to buy my first home in NSW?

Under the Australian Government 5% Deposit Scheme, eligible first-home buyers can purchase with a minimum 5% deposit, or 2% for eligible single parents, without paying Lenders Mortgage Insurance and with no income caps.

Do first-home buyers pay stamp duty in NSW?

Eligible first-home buyers pay no transfer duty on an existing or new home priced at $800,000 or less. A reduced rate applies between $800,000 and $1 million. Vacant land is fully exempt up to $350,000, with a reduced rate up to $450,000.

What is the Australian Government 5% Deposit Scheme?

Formerly the Home Guarantee Scheme, it lets eligible first-home buyers purchase with as little as a 5% deposit. The government guarantees the remainder, so no Lenders Mortgage Insurance is payable, and there are no income caps.

Last verified: September 2026 · Sources: revenue.nsw.gov.au, firsthomebuyers.gov.au

Before you rely on this episode

Deposit and stamp duty figures above are confirmed against official government sources as of September 2026. Property price caps for the deposit scheme vary by region and aren’t listed here, so check your specific postcode’s cap before assuming eligibility.

Nothing in this episode is personal financial advice. Your eligibility and the right option for you will depend on your individual circumstances. Speak with a licensed mortgage broker directly.

Check NSW Stamp Duty Eligibility Check 5% Deposit Scheme Eligibility

Episode 2 Straight Answers: What Does Western Sydney Airport Really Mean for Your Property? Omid answers five questions buyers and homeowners are asking before the airport opens on 25 October 2026. Episode 3 What Do Interest Rates Really Mean for Your Next Move? Omid explains what the latest rate rise means for buyers, homeowners and sellers.

Want to run the numbers on a Western Sydney property you’re considering?

I’ve spent 15+ years helping first-home buyers across Glenmore Park and Western Sydney work out exactly what a purchase would cost them: deposit, stamp duty and all. If you’ve got a property in mind, I’ll walk through the real numbers with you, not just the general scheme rules.

See first-home buyer resources Get in touch with Omid

Disclaimer: Omid Jolan is a licensed real estate agent based in Glenmore Park. This episode provides general information only and is not financial, legal or personal advice. Deposit scheme and stamp duty figures are sourced from Revenue NSW and the Australian Government’s First Home Buyer resources; eligibility criteria and thresholds can change, and individual circumstances vary. Speak with a licensed mortgage broker and/or financial adviser before making any property or finance decision.