First Home Buyer in NSW – Using Grants Without Rushing Into a Risky Contract

If you are a first home buyer in NSW and focusing mainly on grants and duty savings, you may miss the bigger risk: committing to the wrong contract just to qualify.

Government schemes and concessions can make a real difference to your budget. But they also create pressure. Many first home buyers feel they must “get in” before a deadline or before prices rise, and they end up signing contracts that expose them to conditions they do not fully understand. Grants and duty relief do not change the underlying terms of the contract or the quality of the property.

Risks include:

• signing off‑the‑plan or new‑build contracts with long timeframes and one‑sided clauses

• assuming eligibility means the contract itself is automatically safe or standard

• overlooking practical issues in the rush to secure the financial incentive

We review your contract and look at how it interacts with any grants, schemes or duty concessions you are relying on. We explain the key clauses in plain language and highlight what must be resolved before you sign. The goal is to help you secure the benefit of the scheme without stepping into a contract that does not fit your needs or risk tolerance.

If you are a first home buyer in NSW and already have a contract or draft contract, please send it to us before you sign. We can review and advise you so you are not relying solely on the existence of a grant to justify a decision you are uncertain about.

Disclaimer: This is general information only and does not take into account your specific circumstances. Every buyer, property and scheme position is different. We can only confirm how this applies to you after you contact us and we review your matter on a case‑by‑case basis.