129 first-home buyers in the Lismore LGA (local government area) have used the NSW Government's stamp duty assistance program, saving them $2.5 million during the 2024/25 financial year so far.

The First Home Buyers Assistance Dashboard shows that the average value saved for Lismore is $19,467, which eases the pressure on young people and couples saving for a deposit.

Total stamp duty savings for first home buyers across NSW have topped $1 billion since July 2023.

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.

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

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.”

For readers in Ballina, Byron, Casino or Kyogle councils, you can check out the First Home Buyers Assistance Dashboard, which provides program statistics by Local Government Area and regional classifications. It will be updated regularly and can be viewed here:  https://www.revenue.nsw.gov.au/help-centre/resources-library/statistics/fhba-dashboard.