<p>The ACT will become the first jurisdiction in Australia to abolish stamp duty for all first home buyers, with no income caps and no property price thresholds from 1 July.</p>

<p>The move, announced as part of the ACT Budget, completes a key election commitment from the Barr Government and removes what Chief Minister Andrew Barr described as one of the biggest barriers to entering the housing market. The reform forms part of the ACT's long-running transition away from transaction taxes and towards a broader-based property tax system.</p>

<p>"This budget marks a major milestone in our long-term tax reform program," Barr said, adding that the government had maintained a sustained focus on removing barriers to home ownership. He said stamp duty had long been one of the largest upfront hurdles facing buyers and that from July, "that barrier is gone" for first home buyers in the Territory.</p>

<p>[smartcode_project:default project_id=139989 project_image_fid=350986]</p>

<p>The changes come alongside a range of measures designed to encourage new housing supply, including support for the delivery of so-called "missing middle" housing such as terraces, townhouses and low-rise multi-unit developments.</p>

<p>The announcement has renewed debate around whether the ACT's approach could provide a blueprint for improving housing affordability nationally.</p>

<p>New research from OurTop10.com.au, conducted by Primara Research, suggests the Territory's decade-long reform agenda has produced outcomes unmatched elsewhere in Australia.</p>

<p>While stamp duty costs have increased by an average 67 per cent nationally over the past decade, the ACT has recorded growth of just 15 per cent, the lowest increase of any jurisdiction.</p>

<p>The Territory has also emerged as one of the strongest performers on housing delivery. Based on population-weighted housing targets, the ACT is sitting less than one per cent behind its target. Victoria is the next closest at seven per cent behind, while the national average sits 25 per cent below target. New South Wales is tracking 39 per cent behind.</p>

<p>The latest reform removes one of the final barriers facing first home buyers in Canberra.</p>

<p>[smartcode_project:default project_id=139989 project_image_fid=359152]</p>

<p>The average Australian home buyer currently pays $61,714 in stamp duty. In the ACT, that figure is $38,399 despite the Territory having the third-highest median house price in the country.</p>

<p>Until now, the ACT's first home buyer concession scheme only applied to purchases up to $1.02 million, around $51,000 below Canberra's median house price of $1.071 million. In practical terms, many first home buyers were unable to access the median-priced home without losing the concession.</p>

<p>From July, those restrictions disappear.</p>

<p>Every first home buyer in the ACT will pay no stamp duty, regardless of income or purchase price.</p>

<p>Canberra remains one of Australia's most expensive housing markets, with dwelling values increasing 82 per cent over the past decade. However, that growth ranks only 11th among Australia's 15 major housing markets, suggesting affordability pressures have been less severe than in many other parts of the country.</p>

<p>Simon Ma, CEO of OurTop10.com.au, said the latest reforms recognise that many first home buyers have simply outgrown thresholds set years ago.</p>

<p>"Many first home buyers aren't just looking for a way onto the ladder, they want a home their family can actually live in," Ma said.</p>

<p>"In a market where the median house price is over a million dollars, a concession scheme that cuts out at $1.02 million was never going to get them there.</p>

<p>"Removing the ceiling entirely means ACT first home buyers can now pursue the home they actually want, rather than limiting themselves to a price point designed for a very different market."</p>

<p>Whether other states follow remains to be seen. But at a time when most jurisdictions are struggling to improve affordability while also increasing housing supply, the ACT has quietly become the national test case for both.</p>


15% stamp duty growth. Just 1% off the national housing target. Zero stamp duty for FHBs. Is the ACT the blueprint for the great Australian dream?

Joel Robinson

ACT abolishes stamp duty for first home buyers

<p>Breaking into the Sydney property market has long felt out of reach for many first home buyers, particularly as median house prices sit above $1.6 million and unit prices push beyond $900,000.</p>

<p>But entry points still exist in pockets of Greater Western Sydney, where pricing, government incentives, and product mix are aligning to make ownership more attainable.</p>

<p>Understanding where those opportunities sit, and how the numbers actually stack up, is becoming increasingly important for buyers weighing up their next move.</p>

<h2>Work out what you can actually afford</h2>

<p>Sydney is expensive, but it isn’t uniformly expensive. The Greater Parramatta region continues to offer comparatively accessible entry points, particularly for buyers open to alternative configurations like studios.</p>

<p>There's an assumption that a first home needs to be a certain size, that anything smaller than a one-bedder is a concession rather than a choice. That assumption doesn't hold up against what well-designed studios in the right location actually offer: immediate liveability, strong urban amenity, and a price point that makes the deposit target realistic rather than theoretical.</p>

<p>At <a href="https://www.apartments.com.au/buildings/mason-main-merrylands-249-259-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>, <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>'s multi-award winning precinct in Merrylands, studio apartments are unlike the typical studio configuration.</p>

<p>Starting from $498,000, the bedroom is fully enclosed, separated from the living area by a cavity sliding door, creating a genuinely private sleeping space that functions more like a one-bedroom apartment than a traditional open-plan studio.</p>

<p>[smartcode_project:default project_id=31751 project_image_fid=359814]</p>

<p>At 42 sqm internally, with an open-plan kitchen, built-in robes, modern bathroom, and separate laundry, the apartments are designed for everyday liveability rather than short-term use.</p>

<p>With a five per cent deposit under the Federal Government's First Home Guarantee, that equates to a deposit of around $24,200, achievable for many first home buyers without the added cost of Lenders Mortgage Insurance.</p>

<h2>Understand the real cost of renting versus buying</h2>

<p>For buyers weighing up the shift from renting to owning, the numbers are closer than many expect.</p>

<p>Here’s how the numbers stack up for a studio at Mason &amp; Main (based on a $498,000 purchase):</p>

<ul>
	<li><strong>Purchase price:</strong> $498,000</li>
	<li><strong>Five per cent deposit (First Home Guarantee):</strong> ~$24,900</li>
	<li><strong>Loan amount:</strong> ~$473,100</li>
	<li><strong>Estimated mortgage repayment (6.29% variable, 30-year term):</strong> ~$675–$695/week*</li>
	<li><strong>Estimated rental return:</strong> $590–$620/week*</li>
	<li><strong>Rental yield:</strong> 6.16% - 6.47%</li>
</ul>

<p>At this level, the gap between renting and owning is relatively narrow, particularly when factoring in long-term equity, with rental returns also making the apartments a viable option for investors.</p>

<p>The rental range reflects current asking rents for remaining studio stock in the development and, based on prevailing asking prices, equates to an indicative gross rental yield of up to 6.47 per cent.</p>

<p>For buyers seeking more internal space, Mason &amp; Main also offers a range of one-bedroom apartments from $629,000, alongside larger one-bedroom plus multipurpose room configurations priced from $680,000 - all priced under $800,000 and eligible for first home buyer incentives.</p>

<ul>
	<li><strong>Purchase price:</strong> $629,000</li>
	<li><strong>20 per cent deposit:</strong> ~$125,800 (5% deposit on exchange: $31,450)</li>
	<li><strong>Loan amount 80%:</strong> ~$503,200</li>
	<li><strong>Estimated mortgage repayment:</strong> ~$720–$740/week*</li>
	<li><strong>Estimated rental return:</strong> $650–$680/week*</li>
	<li><strong>Rental yield:</strong>&nbsp;5.37% - 5.62%</li>
</ul>

<p>One-bedroom apartments continue to present a balanced option for both owner-occupiers and investors, supported by steady rental demand across Western Sydney.<span style="font-size:small"><span style="color:#222222"><span style="font-family:Arial, Helvetica, sans-serif"><span style="font-style:normal"><span style="font-variant-ligatures:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="background-color:#ffffff"><span style="text-decoration-thickness:initial"><span style="text-decoration-style:initial"><span style="text-decoration-color:initial">&nbsp;</span></span></span></span></span></span></span></span></span></span></span></p>

<p>[smartcode_project:default project_id=31751 project_image_fid=359812]</p>

<h2>Make sure you're across the government incentives</h2>

<p>Government incentives continue to play a key role in reducing the upfront cost barrier.</p>

<p>At Mason &amp; Main, studio, one, and two-bedroom apartments are priced under $800,000, allowing eligible buyers to access a full stamp duty exemption under the NSW First Home Buyers Assistance Scheme.</p>

<p>On a $498,000 purchase, that represents a saving of roughly $17,900 that would otherwise need to be paid at settlement.</p>

<p>Combined with the First Home Guarantee, which enables purchases with as little as a five per cent deposit, the total capital required to secure a home is significantly reduced compared to traditional lending pathways.</p>

<h2>No waiting, no uncertainty</h2>

<p>For first home buyers who want to move sooner rather than later, Mason &amp; Main removes one of the more common pain points from the purchase process entirely. The development is already complete and move-in ready, meaning buyers can walk through the apartments, inspect the finishes, and have full certainty about what they're purchasing before signing anything.</p>

<p>Coronation brought in renowned architecture firm <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> to design the development.&nbsp;</p>

<p>"The project's design drew inspiration from the area's rich heritage, in particular the nearby brickworks and aqueduct, infusing a contemporary perspective to seamlessly integrate historical influences into the design," Woods Bagot Principal Dom Alvaro says.</p>

<p>[smartcode_project:default project_id=31751 project_image_fid=736]</p>

<h2>Factor in location and lifestyle</h2>

<p>Beyond the apartment itself, the surrounding infrastructure matters, particularly for a first purchase. Merrylands Station sits 350 metres from the development, putting the Parramatta CBD a five-minute drive away and the Sydney CBD roughly 25 minutes via the Western Line. Directly across the road is Stockland <a href="https://www.apartments.com.au/developments/merrylands-nsw-2160">Merrylands</a>, one of Greater Western Sydney's major retail centres.</p>

<p>At street level, Mason &amp; Main's own retail and dining precinct has more than 30 tenants trading, including Iftar, Macelleria, Hayat, San Churro, Yuzu, and Fat Jaks. Residents also have access to a resort-style pool, a Technogym-equipped gym, private dining rooms, and a rooftop terrace with panoramic views across Parramatta, the Sydney CBD, and the Blue Mountains, all exclusive to the building.</p>

<p>Due to the mix of configurations, including studios which are rarely offered in today's new apartment market, first home buyers and investors have driven Mason &amp; Main to over 90 per cent sold.</p>

<p>Coronation Property Managing Director Joe Nahas says the development is driving a revitalisation of Merrylands, setting a high standard for future developments in the area.</p>

<p>Mason &amp; Main is move-in ready and is the latest in a series of award-winning mixed-use developments by Coronation Property.</p>

<p><em>Disclaimer: Mortgage repayment figures are estimates only, based on a 6.29 per cent variable rate over a 30-year term (Canstar, April 2026). Pricing and rental estimates are indicative and based on current listings and project information. Gross yield figures are indicative and derived from asking prices and estimated rental ranges. Stamp duty savings are indicative only. Buyers should seek independent financial and legal advice before proceeding.</em></p>

<p>[smartcode_project_cta:default project_id=31751]</p>


How first home buyers can enter the Sydney property market for under $500k

<p data-end="306" data-start="90">The rising cost of construction, combined with significant growth in Sydney’s property market, means first home buyers looking to get a foothold on the property ladder need to act quickly in the new apartment market.</p>

<p data-end="560" data-start="308">In 2023, the NSW Government increased the concessional stamp duty threshold to $800,000. This means first home buyers purchasing a new or off-the-plan apartment below this threshold pay no stamp duty — a saving of up to&nbsp;$31,090.</p>

<p data-end="804" data-start="562">However, due to escalating construction costs, fewer apartment towers are being built. As a result, there’s a reduced supply of one-bedroom apartments in the market — the configuration type most likely to fall under the $800,000 threshold.</p>

<p data-end="1219" data-start="806">This means first home buyers must move fast when new developments are released with apartments priced below $800,000. These opportunities are becoming increasingly rare and are now also attracting serious interest from investors. While investors don’t benefit from the stamp duty concession, they are buying in an environment of falling interest rates, rising property prices, and rents at or near historic highs.</p>

<p>In this article, we've rounded up the top six new developments across Greater Sydney that has apartments that fall under $800,000 and make sense for first home buyers.</p>

<h2>What: Auburn Square</h2>

<h2>Where: 26-36 Northumberland Road, Auburn NSW 2144</h2>

<h2>Who: Tian An LFD</h2>

<h2>Priced from: $540,000</h2>

<p>Tian An recently launched the next phase of its award-winning <a href="/buildings/auburn-square-stage-1-26-36-northumberland-road-auburn-nsw-2144">Auburn Square</a> precinct, with prices starting from $540,000.</p>

<p>The new stage, <a href="/new-apartments/north-village-auburn-square-35-northumberland-road-auburn-nsw-2144">North Village</a>, will comprise 264 apartments across a striking Rothelowman-designed building, above a new Coles supermarket and cafe.</p>

<p>[smartcode_project:default project_id=149184 project_image_fid=324852]</p>

<p>Over 25 per cent of the new apartments were snapped up on its recent launch, driven by first home buyers, young professionals, and local rightsizers.</p>

<p>North Village is the&nbsp;only new development in&nbsp;<a href="/developments/auburn-nsw-2144" target="">Auburn</a>&nbsp;to offer the sought-after Latent Defects Insurance by Resilience Insurance. This insurance provides buyers with up to 10 years of coverage for any structural or waterproofing issues—not just in the building and common areas, but also within their individual apartments. It’s the most rigorous insurance available to developers, giving buyers genuine peace of mind when purchasing off the plan.</p>

<p>[smartcode_project:default project_id=149184 project_image_fid=324853]</p>

<p>iCIRT rated builder Binah is on site and is expecting to complete the building in 2027.</p>

<h2>What: Central Quarter</h2>

<h2>Where: 242-252 Pitt Street, Merrylands NSW 2160</h2>

<h2>Who: Northland</h2>

<h2>Priced from: $598,700</h2>

<p>Veteran developer Northland Group is also offering price-pointed apartments in their recently launched Merrylands development, <a href="/new-apartments/central-quarter-merrylands-242-252-pitt-street-merrylands-nsw-2160">Central Quarter</a>.</p>

<p>Also with the Latent Defects Insurance policy, Central Quarter offers 194 one-, two-, and three-bedroom apartments next to Merrylands Station, bus interchange, and Stockland Merrylands retail centre.</p>

<p>[smartcode_project:default project_id=5660 project_image_fid=343722]</p>

<p>Northland is also bringing doorstep convenenience to its podium levels in the form of a fast food operator, a 24/7 gym, and a childcare centre.</p>

<p>The builder-developer is well underway in the construction phase and is expecting to welcome buyers in the middle of 2026.</p>

<h2>What: Horizon Hurstville</h2>

<h2>Where: 6 Jack Brabham Drive, Hurstville NSW 2220</h2>

<h2>Who: One Collection</h2>

<h2>Priced from: $657,000</h2>

<p>Another developer who has timed their launch to coincide with significant progress in the build is One Collection, who has recently launched&nbsp;<a href="/new-apartments/horizon-hurstville-6-jack-brabham-drive-hurstville-nsw-2220">Horizon Hurstville</a>, in the heart of the connected south Sydney suburb.</p>

<p>Horizon is the final building within a wider precinct which already&nbsp;features a Woolworths supermarket and direct access to Kempt Field.</p>

<p>[smartcode_project:default project_id=149850 project_image_fid=278]</p>

<p>It’s the park and convenience that underpin&nbsp;<a href="/developments/hurstville-nsw-2220" target="">Hurstville</a>’s strong Walk Score of 81 — a number set to improve with the arrival of&nbsp;<a href="/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya" target="">St Clair</a>&nbsp;Lane, a new retail laneway soon to be activated by hospitality, health, and lifestyle businesses.</p>

<p>Above St Claire Lane, 179 one-, two-, and three-bedroom apartments are now available, priced well under the threshold for first home buyers to pay no stamp duty.</p>

<h2>What: Dawn, Melrose Park</h2>

<h2>Where: 82-84 Wharf Road, Melrose Park NSW 2114</h2>

<h2>Who: Sekisui House Australia</h2>

<h2>Priced from: $639,000</h2>

<p>&nbsp;</p>

<p>Sekisui House Australia has seen a wave of first home buyers at its latest stage of its Melrose Park masterplan, Dawn.</p>

<p>Priced from $639,000, the 368 apartments sit the closest to the new park being delivered by Sekisui. GroupGSA has designed the apartments to take in as much of the natural surroundings as possible.&nbsp;</p>

<p>[smartcode_project:default project_id=145496 project_image_fid=334048]</p>

<p>There are one, two and three-bedroom apartments on offer, as well as luxury penthouses with private rooftop terraces.</p>

<p>Dawn’s prime location close to the future Melrose Park High School,&nbsp;<a href="/developments/parramatta-nsw-2150" target="">Parramatta</a>&nbsp;Light Rail Stage 2 connection and&nbsp;<a href="/developments/melrose-park-nsw-2114">Melrose Park</a>&nbsp;Town Centre as well as extensive parklands, make it a popular choice with purchasers.</p>

<p>&nbsp;</p>

<h2>What: Melrose Central</h2>

<h2>Where: 33 Hope Street, Melrose Park NSW 2114</h2>

<h2>Who: Deicorp</h2>

<p>Deicorp also has seen a significant number of first home buyers at their slice of Melrose Park.</p>

<p>Their new development,&nbsp;<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>, is&nbsp;a $700 million joint venture with PAYCE and will feature a mixed-use project that will deliver around 500 apartments above a substantial 30,000 sqm retail podium anchored by Coles.</p>

<p>[smartcode_project:default project_id=134220 project_image_fid=289882]</p>

<p>The site’s early stages are already under construction, with completion of the first three towers expected by mid-2027.</p>

<p>Design is led by <a href="/architects/turner-studio">Turner Studio</a>, and the broader precinct will benefit from a new Parramatta Light Rail stop, connecting residents to Olympic Park, Parramatta, and Sydney Metro West in the years ahead.</p>


In this article, we've rounded up the top six new developments across Greater Sydney that has apartments that fall under $800,000 and make sense for first home buyers

Why first home buyers have to act fast in Sydney's new and off the plan apartment market

<p>Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.</p>

<p>From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;</p>

<h2>What is the Help to Buy Scheme?</h2>

<p>The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.</p>

<p>The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).</p>

<p>Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.</p>

<p>Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.</p>

<p>The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.</p>

<p>There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.</p>

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

<p>To qualify for the Help to Buy Scheme, applicants must meet the following conditions:</p>

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

<p>While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.</p>

<p>The scheme is expected to commence in NSW in late 2025, as part of a national rollout.</p>


Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

<p data-pm-slice="1 3 []">Sydney property prices are surging once again.</p>

<p data-pm-slice="1 3 []">After a relatively flat market in 2024, which concluded with some softening months before positive economic data regarding inflation and the handing down of what is forecasted to be the first of several rate cuts in 2025, prices in Australia's most expensive capital city are back on the rise.</p>

<p data-pm-slice="1 3 []">Inner city apartments aren't getting more affordable any time soon. We've wrapped up the top five newest apartment developments in some of Sydney's most central suburbs that cost under $1 million.</p>

<h2>What: Danks St District, Waterloo</h2>

<h3>Where:&nbsp;903-921 Bourke Street, Waterloo NSW 2017</h3>

<h3>Who: DASCO</h3>

<p><a href="/developers/dasco-australia">DASCO</a>’s game-changing new <a href="/developments/waterloo-nsw-2017">Waterloo</a> precinct,&nbsp;<a href="/new-apartments/danks-st-district-waterloo-903-921-bourke-street-waterloo-nsw-2017">Danks St District</a>, has its entry-level apartments come in at $965,000.</p>

<p>Bourke Street Residences is the first release of the new neighbourhood that will see six new residential buildings delivered, as well as the restoration of two heritage-listed structures.</p>

<p>There are one-, two-, and three-bedroom apartments on offer at Bourke Street Residences, which will also have private amenities including a rooftop garden and outdoor gym.</p>

<p>[smartcode_project:default project_id=111820 project_image_fid=344699]</p>

<p>Designed by a mix of architecture firms, including <a href="/architects/mhn-design-union">MHNDU</a> and <a href="/architects/bates-smart">Bates Smart</a>, the buildings feature a mix of brick and contemporary design elements that reference the industrial history of the area.</p>

<p>Danks St District is located near Redfern, Green Square, and Surry Hills, and benefits from proximity to parks, dining options, and public transport.</p>

<p>Key features:</p>

<ul>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>DASCO is one of Sydney's most respected builder-developers</p>
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>Insured with Resilience Insurance's 10-year Latent Defects Insurance</p>
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>Within walking distance of key inner-city precincts</p>
	</li>
</ul>

<h2>What: The Kensington, Kensington</h2>

<h3>Where:&nbsp;147-151 Anzac Parade, Kensington NSW 2033</h3>

<h3>Who: TOGA</h3>

<p>Another one of Sydney's most renowned builder-developers, TOGA, is offering apartments not quite under, but just over, the $1 million threshold.</p>

<p>It was worth noting however because The Kensington is one of TOGA's most connected new developments, on the doorstep of the Kensington Light Rail stop, and the growing Randwick health precinct and main UNSW campus.</p>

<p>[smartcode_project:default project_id=110959 project_image_fid=307651]</p>

<p><a href="/new-apartments/the-kensington-147-151-anzac-parade-kensington">The Kensington</a>, currently under construction by DASCO, will comprise&nbsp;142 apartments, including a small number of SOHO (Small Office/Home Office) residences on the ground floor.</p>

<p>Designed by Turner Studio, the building aims to balance traditional architectural references with contemporary materials.</p>

<p>[smartcode_project:default project_id=110959 project_image_fid=307646]</p>

<p>The development will feature rooftop and shared communal areas and is located within walking distance of light rail, offering quick access to the CBD and beaches.</p>

<p>Key features:</p>

<ul>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>Part of a long-term urban renewal zone</p>
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>SOHO residences available with private street access</p>
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>Light rail access and future investment in town centre improvements</p>
	</li>
</ul>

<h2>What: Stanton Place, Rosebery</h2>

<h3>Where:&nbsp;5-15 Dunning Avenue, Rosebery NSW 2018</h3>

<h3>Who: Stockland</h3>

<p><a href="/new-apartments/stanton-place-rosebery-5-15-dunning-avenue-rosebery-nsw-2018">Stanton Place</a> is part of <a href="/developers/stockland">Stockland</a>’s return to high-density apartment development. The Rosebery project will include 144 apartments across three buildings, centred around a landscaped courtyard.</p>

<p><img alt="Stanton" data-entity-type="file" data-entity-uuid="c36ab483-42c7-4b38-9718-6e34bc9277a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-13%20at%209.00.01%E2%80%AFAM.png?VersionId=sb7W0YQFqAycVW1VUNMSoWHn5DjF0LDY" /></p>

<p>The development is being designed with sustainability in mind, including EV charging options, solar panels, and rainwater tanks. Located on Dunning Avenue, it’s well connected to cafes, Green Square Station, and local amenities such as The Cannery.</p>

<p>Key features:</p>

<ul>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>New Stockland apartments in an established inner-south location</p>
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>Emphasis on sustainability and green space</p>
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>Walkable access to shops, transport, and parkland</p>
	</li>
</ul>

<h2>What: The Rothschild, Rosebery</h2>

<h3>Where:&nbsp;24 Rothschild Avenue, Rosebery NSW 2018</h3>

<h3>Who: Deicorp</h3>

<p>Builder-developer Deicorp recently completed&nbsp;<a href="/buildings/the-rothschild-rosebery-24-rothschild-avenue-rosebery">The Rothschild</a>, also in&nbsp;<a href="/developments/rosebery-nsw-2018">Rosebery</a>, and has one-bed one-bath apartments, including those with a car space, under $1 million.</p>

<p>The building’s design, by <a href="/architects/candalepas-associates">Candalepas &amp; Associates</a>, incorporates European-inspired elements and sits within a quieter pocket of the inner south.</p>

<p>[smartcode_project:default project_id=106843 project_image_fid=221665]</p>

<p>The location offers good access to transport, parks, and established retail precincts, making it a practical choice for those seeking an inner-city home without a construction wait.</p>

<p>Key features:</p>

<ul>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>Completed apartments with immediate move-in</p>
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>Designed by award-winning architects</p>
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	<p>Close to key employment, retail, and transport hubs</p>
	</li>
</ul>


What $1 million can buy you in Sydney's new and off the plan apartment market

<p>The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.</p>

<p>While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.</p>

<p>It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.</p>

<p>Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.</p>

<h2>New South Wales First Home Owner Grant</h2>

<p><strong data-end="252" data-start="225">First Home Owner Grant:</strong> Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.</p>

<p><strong data-end="413" data-start="389">Stamp Duty Benefits:</strong> Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.</p>

<h2>Victoria South Wales First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.</p>

<p><strong>Stamp Duty Benefits</strong>: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.</p>

<h2>Queensland First Home Owner Grant</h2>

<p><strong data-end="920" data-start="893">First Home Owner Grant:</strong> Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.</p>

<p><strong data-end="1162" data-start="1135">Stamp Duty Concessions:</strong> Provides additional concessions for properties valued up to $800,000.</p>

<h2>Western Australia First Home Owner Grant</h2>

<p>&nbsp;</p>

<p><strong>First Home Owner Grant:</strong> Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.</p>

<p><strong>Stamp Duty Concessions:</strong> Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.</p>

<h2>Australian Capital Territory First Home Owner Grant</h2>

<p><strong data-end="1617" data-start="1590">First Home Owner Grant:</strong> Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.</p>

<h2>South Australia First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.</p>

<p><strong>Stamp Duty Relief:</strong> Available for new homes and vacant land purchases.</p>

<h2>Tasmania First Home Owner Grant</h2>

<p><strong>First Home Owner Grant</strong>: Offers a $10,000 grant for new homes and off the plan purchases.</p>

<p><strong>Stamp Duty Exemption</strong>: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.</p>

<h2>Northern Territory First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.</p>

<p><strong>Stamp Duty Exemption</strong>: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).</p>

<p><em>Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.</em></p>


Every First Home Owner Grant for new property by state

<p><strong>Summary:</strong></p>

<ul>
	<li><strong>The Crisafulli Government has announced abolishing stamp duty on new homes for first home buyers, will be the first priority of Parliament</strong><br />
	&nbsp;</li>
	<li><strong>The Revenue Legislation Amendment Bill 2024 to be the first piece of legislation debated in the Parliament, delivering major cost of living relief to Queensland first home buyers.&nbsp;&nbsp;</strong><br />
	&nbsp;</li>
	<li><strong>Abolishing stamp duty is a key commitment to deliver a Fresh Start for Queensland and restore a place to call home for more&nbsp;Queenslanders, easing the Housing Crisis.&nbsp;&nbsp;</strong></li>
</ul>

<hr />
<p>The Crisafulli Government has announced abolishing stamp duty on new homes for first home buyers will be the first action of Parliament this year, delivering major cost of living relief to Queenslanders.&nbsp;&nbsp;</p>

<p>The move will pave the way for thousands of first home buyers to save on upfront transaction costs, unlocking home ownership for more Queenslanders while also boosting housing supply across the State.&nbsp;</p>

<p>In the last decade, Queenslanders were locked out of the housing market with the state recording the lowest rate of home ownership of any state in the nation.&nbsp;</p>

<p>Abolishing stamp duty on new homes for first home buyers is just one of the actions the Crisafulli Government is taking to boost home ownership, including unlocking underused church and charity owned land for community housing, removing restrictions preventing first home buyers renting out rooms and kickstarting new development with a $2 billion investment in housing infrastructure.&nbsp;</p>

<p>A first home buyer purchasing a new house and land package in Toowoomba at the median price could save $24,730.&nbsp;</p>

<p>First home buyers would save $29,500 when purchasing a new build at the median price in Brisbane east, while in Logan-Beaudesert, they would have keep $6960 in their pocket.&nbsp;</p>

<p>Premier David Crisafulli said every Queenslander should have a place to call home.&nbsp;&nbsp;</p>

<p>“We are unlocking more homes for more Queenslanders, more quickly,” Premier Crisafulli said.&nbsp;&nbsp;</p>

<p>“For far too long, stalling housing approvals and skyrocketing housing prices have shut the door on Queenslanders walking into their own home.&nbsp;</p>

<p>“For the past decade, the dream of home ownership has become a nightmare for Queenslanders.”&nbsp;</p>

<p>Treasurer and Minister for Home Ownership David Janetzki said the LNP would put Queensland back on top of the home ownership ladder within a decade.&nbsp;&nbsp;</p>

<p>“Queenslanders are losing hope in the Great Australian Dream of home ownership and the situation has never been more dire for young people wanting to purchase their first home,” he said.&nbsp;</p>

<p>“Never before have so many young Queenslanders wanted to own a home, and never before have so many believed it is out of reach.&nbsp;</p>

<p>“The Crisafulli Government is delivering a fresh start for Queensland, and we are boosting housing supply to increase Queensland home ownership rates.&nbsp;</p>

<p>“Scrapping first home buyer stamp duty on new builds provides real savings and puts the Great Australian Dream back within reach.”&nbsp;</p>


First home buyers to pay no stamp duty on new property in QLD Gov shakeup

<p>CDG Group’s landmark Melbourne apartment development, Victoriana, has captured the attention of first home buyers.</p>

<p>According to data from MatterFact, the new data product by Apartments.com.au, first home buyers have consistently been the most engaged buyer group, surpassing downsizers and rightsizers in enquiries over the past six months.</p>

<p>Feedback from buyers highlights the quality of the finishes and the development’s prime location as its key attractions.&nbsp;</p>

<p>[smartcode_project:default project_id=1979 project_image_fid=78690]</p>

<p>Designed by <a href="/architects/rothelowman">Rothelowman</a> and completed in 2021, <a href="/buildings/victoriana-melbourne-20-queens-road-melbourne">Victoriana</a> features cascading terraces and vertical gardens which are designed to harmonise with the surrounding Albert Park Lake and Fawkner Park.</p>

<p>Located on Queens Road, between the two famous parks and just off St Kilda Road, Victoriana comprises 250 one, two, three and four-bedroom apartments across 16 levels.</p>

<p>First home buyers have shown the greatest interest in the two-bedroom apartments, which start at over 70 sqm and feature two bathrooms, a balcony off the open-plan kitchen, living, and dining area, and a master bedroom with an ensuite.</p>

<p>[smartcode_project:default project_id=1979 project_image_fid=300488]</p>

<p>Victoriana also includes an extensive range of amenities that rival those of a luxury hotel.&nbsp;Residents will have access to concierge services, a heated indoor pool, steam room, sauna, state-of-the-art gym, and a lounge and garden terrace with views of the&nbsp;<a href="/developments/melbourne-vic-3004">Melbourne</a>&nbsp;skyline.&nbsp;</p>

<p>[smartcode_project:default project_id=1979 project_image_fid=78667]</p>

<p>Positioned on the fringe of Melbourne's CBD, Victoriana provides direct access to Albert Park Lake and proximity to St Kilda Road trams and the upcoming Anzac Railway Station.&nbsp;</p>

<p>This combination allows residents to enjoy both vibrant city living and tranquil parkland surroundings, a rare offering for buyers entering the property market.</p>

<p>Nearby attractions include South Melbourne Market, the Royal Botanic Gardens, and Melbourne's vibrant arts precinct.</p>

<p>Qualifying buyers of the two-bedroom apartments won't have to pay a deposit, and could save with a lower interest rate and reduced LMI.</p>

<p>[smartcode_project_cta:default project_id=1979]</p>


Qualifying buyers of the two-bedroom apartments won't have to pay a deposit, and could save with a lower interest rate and reduced LMI

First home buyers jump at Victoriana apartments on Melbourne's Albert Park

<p>First home buyers in Victoria and Queensland are increasingly willing to stretch their budgets, surpassing spending trends seen in New South Wales.</p>

<p>While affordability remains a key consideration, data from November and December reveals a growing willingness among first-time buyers in these states to invest more in their first property.</p>

<p>In contrast, in New South Wales, where <a href="/developments/sydney-nsw">Sydney</a> is consistently ranked among the least affordable cities globally, first home buyers are primarily focused on apartments priced between $600,000 and $1 million.</p>

<p><a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>, above the Crows Nest Metro station, has attracted significant demand for its one-bedroom apartments that are priced just under $970,000, while the completed apartments in <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand</a> Eastlakes offer an attractive entry at $745,000.</p>

<p>[smartcode_project:default project_id=7652 project_image_fid=291042]</p>

<p>First home buyers in Queensland, mainly Brisbane and the Gold Coast, are increasingly willing to spend over $1 million, particularly for larger homes or apartments in sought-after suburbs.</p>

<p>A prime example is <a href="/new-apartments/citrine-townhomes-rochedale-311-gardner-road-rochedale">Citrine</a>&nbsp;in <a href="/developments/rochedale-qld-4123">Rochedale</a>, where buyers can secure three or four-bedroom townhouses priced between $1 million and $1.5 million.</p>

<p>[smartcode_project:default project_id=136295 project_image_fid=273135]</p>

<p>In the hot Gold Coast new apartment market, buyers are also willing to exceed the $1 million mark, as seen at <a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">Flourish on Sixth</a>, the newly released development by Sherpa in Palm Beach.</p>

<p>This development offers some of the most affordable apartments the area has seen in years.</p>

<p>One-bedroom apartments initially listed under $600,000 sold quickly, while two-bedroom units, previously priced in the mid-$800,000s, are now listed just above $1 million — still offering incredible value in one of the Gold Coast's most desirable suburbs.</p>

<p>[smartcode_project:default project_id=146527 project_image_fid=306036]</p>

<p>In Victoria, while entry-level apartments remain more affordable compared to Queensland and New South Wales, first-home buyers are still opting to spend more for better properties.</p>

<p>The most popular price range for first-time buyers in Victoria is $400,000 to $1 million, but, similar to Queensland, many are willing to stretch their budgets for more desirable options.</p>

<p><a href="/new-apartments/kindred-mentone-25-brindisi-street-mentone">Kindred Mentone</a>, with its architecturally striking townhouses south of Bayside, has been a standout choice for many first home buyers in this price range.</p>

<p>[smartcode_project:default project_id=138768 project_image_fid=214857]</p>

<p>Another popular project in recent months is New Johnston in <a href="/developments/abbotsford-vic-3067">Abbotsford</a>, which offers a range of apartments in the $400,000 to $1 million bracket.</p>

<p>Located at 398-400 Johnston Street, near Victoria Park Station, this development consists of 58 one, two, and three-bedroom apartments across nine levels, with ground-floor retail spaces.</p>

<p>[smartcode_project:default project_id=110322 project_image_fid=259899]</p>

<p><a href="/new-apartments/new-johnston-abbotsford-400-johnston-street-abbotsford-vic-3067">New Johnston</a>, currently under construction by Valeo Constructions, is expected to be completed by late 2025.</p>


First home buyers prepared to spend more in VIC, QLD, than in NSW

<p>First home buyers in Melbourne have a fantastic opportunity to enter the property market, benefiting from some of the most attractive purchasing incentives available in Australia.</p>

<p>Unlike many other states, the calculation of stamp duty in Victoria isn't straightforward. In places like New South Wales, any apartment under a set threshold of $800,000 incurs no stamp duty, effectively excluding most apartments within a 15-kilometre radius of Sydney. In contrast, many one-bedroom apartments in Melbourne’s inner city are priced below $750,000, opening up more possibilities for buyers.</p>

<h2>Why is now an opportunity for first home buyers?</h2>

<p>Currently, first home buyers in Melbourne find themselves in a favorable position, as they are not competing with investors for off-the-plan apartments. While most boutique developments focus on larger two- and three-bedroom units, many high-rise buildings—over 20 levels—feature entry-level apartments that are ideal for first-time buyers.</p>

<p>Moreover, some developers are offering flexible contract terms, including negotiable five percent deposits. There’s also positive economic news, with inflation showing signs of decline, potentially paving the way for the Reserve Bank of Australia to lower interest rates in 2025.</p>

<p>In the off-the-plan market, buyers won’t start paying their mortgage until the apartment is completed. Therefore, it's crucial to consider expected interest rates at that future time rather than the current rates. Market forecasts suggest <a href="/expert-insights/buying/markets-price-in-four-rba-rate-cuts-in-next-12-months-what-it-means-for-the-off-the-plan-apartment-market">four cuts in the next 12 months</a>. When rates decrease, entry-level apartments will become more appealing to investors—who typically have more capital than first home buyers—leading to increased competition.</p>

<h2>What does the data say?</h2>

<p>Data from <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, Apartments.com.au's new data product, indicates strong demand from first home buyers in 2024.</p>

<p>Over 40 percent of inquiries in Melbourne this year have come from this demographic, down from 50 percent in 2023.</p>

<p>This slight decline is primarily due to changing apartment configurations but demonstrates that interest rates have not significantly deterred first home buyers.</p>

<h2>How do I calculate what I can save?</h2>

<p>First home buyers in Victoria can take advantage of two key incentives: the First Home Owners Grant (FHOG) and stamp duty concessions. The FHOG offers $10,000.</p>

<p>Calculating stamp duty can be a bit complex. It’s based on the apartment's price minus the construction cost in the contract. The dutiable value is applicable when this figure is between $600,000 and $750,000, allowing for potential duty concessions.</p>

<p>For the most current information on concessions and eligibility, it's best to visit the State Revenue Office website.</p>

<h2>What can I buy?</h2>

<p>With the high threshold to receive concessions, there are plenty of opportunities to buy all across Melbourne.</p>

<p>We've wrapped up the best opportunities for first home buyers across Melbourne.</p>

<h2>What: Fareham, St Kilda</h2>

<h3>Where:&nbsp;95 St Kilda Road, St Kilda VIC 3182</h3>

<h3>Who:&nbsp;Gamuda Land</h3>

<p>Fareham in St Kilda has a handful of one-bedroom apartments in the 16-level building on St Kilda Road that has been designed to be one of the greenest in Melbourne.</p>

<p>[smartcode_project:default project_id=137950 project_image_fid=281446]</p>

<p>The 73-unit project is set to achieve a 7.5-star NatHERS rating, supported by renewable energy sources and eco-friendly features like EV charging and secure bike parking.&nbsp;</p>

<p>With a focus on integrating nature into urban living, Fareham offers bay views, a communal rooftop, and extensive landscaping.</p>

<p>[smartcode_project:default project_id=137950 project_image_fid=281448]</p>

<p>First-home buyers can benefit from the long construction timeline, offering more time to save, while the energy-efficient design lowers long-term costs.&nbsp;</p>

<p>Prices for one-bedroom units remain competitive compared to the growing Melbourne market.</p>

<h2>What: BLVD at Melbourne Square</h2>

<h3>Where:&nbsp;19 Hoff Boulevard, Southbank VIC 3006</h3>

<h3>Who:&nbsp;OSK Property</h3>

<p>BLVD is the latest addition to Southbank's burgeoning Melbourne Square precinct, offering a 73-level skyscraper with just under 600 apartments.&nbsp;</p>

<p>[smartcode_project:default project_id=107714 project_image_fid=214124]</p>

<p>Designed by COX Architecture, it focuses on wellness and connectivity, with extensive amenities such as an indoor pool, gym, sauna, and work-from-home facilities.&nbsp;</p>

<p>BLVD caters to first-home buyers by offering a low deposit requirement and extensive wellness-focused amenities, ensuring comfort and practicality for urban living.&nbsp;</p>

<p>[smartcode_project:default project_id=107714 project_image_fid=214126]</p>

<p>One-bedroom units are priced from $611,000.</p>

<h2>What: Melbourne Square</h2>

<h3>Where:&nbsp;93-119 Kavanagh Street, Southbank VIC 3006</h3>

<h3>Who:&nbsp;OSK Property</h3>

<p>OSK Property still has some apartments remaining in an earlier stage of Melbourne Square.</p>

<p>The remaining two and three-bedroom apartments are well-suited for first home buyers looking to secure property in Southbank, where prices start from $769,100 for two-bedroom units.&nbsp;</p>

<p>[smartcode_project:default project_id=2929 project_image_fid=200840]</p>

<p>The completed tower includes a range of amenities such as a 50-metre swimming pool, gym, and communal dining spaces.</p>

<p>&nbsp;</p>

<h2>What: FOCUS</h2>

<h3>Where:&nbsp;81 City Road, Southbank VIC 3006</h3>

<h3>Who:&nbsp;Central Equity</h3>

<p>FOCUS offers completed, ready-to-move-in apartments in a 50-level tower in Southbank.&nbsp;</p>

<p>One-bedroom apartments at FOCUS start from $629,000, offering a great entry to the market for first home buyers.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=3260 project_image_fid=212294]</p>

<p>The development includes amenities such as a heated pool, gym, cinema room, and resident dining areas.</p>

<p>First-home buyers can benefit from the immediate availability of apartments, combined with competitive pricing that qualifies for the First Home Owner Grant.&nbsp;</p>

<p>The central location also makes it an attractive option for those wanting to be near the city's amenities.</p>

<h2>What: Parkhill Apartments, West Melbourne</h2>

<h3>Where:&nbsp;408 Spencer Street, West Melbourne VIC 3003</h3>

<h3>Who:&nbsp;Central Equity</h3>

<p>Parkhill Apartments offer some of the most price-pointed apartments on the market.</p>

<p>The one-bedroom apartments start from $519,000 in the recently completed building on the fringe of Flagstaff Gardens.&nbsp;</p>

<p>[smartcode_project:default project_id=27406 project_image_fid=288622]</p>

<p>The development features a rooftop gym and garden, secure parking, and durable, premium fixtures.</p>

<p>Parkhill’s reasonable price points, combined with its location near education hubs and public transport, make it a strong choice for first home buyers.&nbsp;</p>


First home buyers in Melbourne are in a unique position now as they're not currently competing with investors for apartments

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