Skip to content

What's New

arrowAsset 1@3x

Business Planning Workshop Register now In this action-packed 2…

Read More
arrowAsset 1@3x

Register Now Preview modal- Financial markets are moving and…

Read More
arrowAsset 1@3x

Article by Matt Sherwood, Head of Investment Strategy, Multi...

Read More

Upcoming Events

Business Planning Workshop

Business Planning Workshop: Find more cash, more profit and more time in your business

Wed, 28 February 2024

SMSF Seminar - New rules, new strategies. What do I do?

Self-Managed Superannuation Seminar – New rules, new strategies. What do I do?

Wed, 27 March 2024

Sign up to b-Mail!

Want to hear the latest news as it happens? Simply fill out the form below and we'll send you regular updates so you can stay in the loop.

NSW Government helping their own workers with the ever out of reach property market Posted on February 15, 2023


People living in New South Wales are facing a big challenge in owning their first home. Knowing that a large deposit is needed can be daunting and in the long run opt out of buying.

The NSW Government has launched a scheme called NSW Shared Equity Home Buyer Helper to make home ownership more attainable for eligible applicants, which commenced on the 23rd January 2023.

With as little as 2% deposit, the NSW Government will contribute up to 40% for a new home or 30% for an existing home.

The Scheme allows the Government to have a percentage share of your home equivalent to what they have contributed, this is currently only available through Bendigo Bank. You can save money, as you don’t have to pay Lenders Mortgage Insurance, which usually is the case when you’re borrowing more than 80%.

Monthly repayments are lower since you’re borrowing a smaller amount. As long as you remain eligible for the initiative, no repayments are required, and no rent or interest will be charged. You can make voluntary payments to NSW Government to progressively increase your ownership share.

So, if you’re a single parent caring for children, single aged 50 years or older, or a first home buyer who’s employed as a key worker, that is, nurses, midwives, paramedics, teachers, early childhood educators and police officers, check your eligibility and take the next step to owning your own home.

To be eligible you must:

  • Be 18 years of age or older
  • Be an Australian citizen, permanent resident or New Zealand Citizen
  • Be able to have a minimum deposit of 2% of the purchase price.
  • Have gross income limit for singles of $90,000; for couples, $120,000 or less
  • Occupy the property as your principal place of residence.
  • As a single parent or older single applicant, you cannot own an interest in any land or property at the time of settlement.
  • As a first-home buyer key worker, you and/or your partner must not have previously owned an interest in any land or property in Australia.
  • You have the funds to cover the upfront cost of buying a home, including conveyancing, legal costs, any inspections and stamp duty.
  • Buy a home with a property price no more than $950,000 in Sydney and major regional centres (Newcastle, Lake Macquarie, Illawarra, Central Coast, North Coast of NSW) or no more than $600,000 in other regional areas.
ac-logo-whiteArtboard 1@3x

Discover the difference that the right advice can make

Get in touch with our team today and learn how you and your business can grow to the next level. 

be better off.

talk to us Discover the difference that the right advice can make

Get in touch with our team today and learn how you and your business can grow to the next level. From structuring to sustainability, we'll help you reach your financial goals and live the lifestyle you deserve.

be better off.