New data reveals more than 82,000 first home buyers have been given a helping hand by the Minns Labor Government, saving an average of $20,475 off the cost of their first home.
That's an average of 80 new first homes buyers every single day under the Minns Labor Government.
The program provides a full stamp duty exemption of $30,412 for first home buyers purchasing a property up to $800,000 and a concession for homes priced between $800,000 and $1 million.
It replaces the previous Liberal-National Government's forever tax on first-home buyers, which left first-home buyers paying an annual tax back to the Government.
In total, 82,174 first home buyers have saved a combined $1.7 billion since July 2023. Of those, 58,111 people paid no stamp duty at all, while 24,063 individuals paid a reduced amount.
Western Sydney buyers benefited the most, claiming nine spots on the top 10 suburbs list. More than 30,000 first home buyers putting down their roots in suburbs like Liverpool, Campbelltown and Paramatta.
Across regional NSW, more than 8,000 people were helped in the Hunter and Newcastle and 3,000 in the Illawarra.
The scheme also works with the Albanese Labor Government's 5% Deposit and Shared Equity schemes, making it even easier for people and families to buy their first home.
Housing is the number one cost-of-living pressure on young people, families and downsizers.
Helping first home buyers is a critical piece of the Minns Labor Government's plan to address these cost-of-living pressures and make sure NSW can be an accessible and affordable place to live.
That's why the Minns Labor Government is delivering more homes to rent and buy, re-building essential services that families rely on, and providing long overdue investment in critical infrastructure across Western Sydney.
The First Home Buyers Assistance Dashboard has more statistics by suburb and Local Government Area and can be accessed at https://www.revenue.nsw.gov.au/help-centre/resources-library/statistics/fhba-dashboard.
More information about First Home Buyers Assistance is available at https://www.revenue.nsw.gov.au/grants-schemes/assistance-scheme.
Quotes attributable to Premier Chris Minns:
""For more than 80,000 people, this has meant paying less upfront and getting into a home sooner.
"We're backing first home buyers because everyone deserves a fair shot at owning a home in NSW."
Quotes attributable to Treasurer Daniel Mookhey:
"More than 82,000 people have got the keys to their first home faster thanks to this program.
"As our landmark planning reforms deliver more homes, we will continue making it easier for first-time buyers to make them their own."
Quotes attributable to Minister for Finance Courtney Houssos:
"This is a critical piece of the puzzle in the Government's plan to help families plant their roots across the state.
"Saving up to $30,000 on stamp duty means more money in the pockets of families and more opportunities for them to achieve the dream of home ownership."
Top 10 suburbs
| Suburb | Number of buyers helped | Total stamp duty saved |
| Westmead | 1379 | $28.4 million |
| Liverpool | 1540 | $28.3 million |
| Campbelltown | 1315 | $26.6 million |
| Parramatta | 1126 | $24.2 million |
| Homebush Bay | 927 | $22.3 million |
| Gosford | 971 | $20.6 million |
| Hornsby | 832 | $20.3 million |
| Homebush | 862 | $19.8 million |
| Schofields | 990 | $19.8 million |
| Mount Druitt | 897 | $19.5 million |
Top 5 metropolitan LGAs
| Local Government Area | First homes purchased | Total stamp duty saved |
| Parramatta | 5,188 | $117 million |
| Blacktown | 5,024 | $101 million |
| Cumberland | 3,470 | $70 million |
| Central Coast | 3,370 | $74 million |
| Canterbury-Bankstown | 3,104 | $63 million |
Top 5 regional areas
| Region | First homes purchased | Total stamp duty saved |
| Hunter Valley, Newcastle and Lake Macquarie | 8,280 | $178 million |
| Illawarra | 3,078 | $69 million |
| Central West | 2,643 | $47 million |
| Capitol Region (Bowral, Goulburn, Yass and Young) | 2,515 | $47 million |
| New England and North West | 2,335 | $33 million |
