In this week's State Budget, the NSW Government will unveil a shared equity scheme to assist teachers, nurses, police, single parents and older singles into the property market. 

In similar fashion to the Federal Government's 'Help to Buy' scheme, the NSW Government will pay a proportion of the purchase price of a property in exchange for an equivalent ownership share of the property.

The NSW Government's equity contribution is up to 40% of the purchase price of a new dwelling and up to 30% of the purchase price of an existing dwelling.

NSW Premier Dominic Perrottet said one of the priorities of the State Government is to make home ownership a reality for more people across the state and allow people to live closer to where they want to work, live and raise a family.

“We are continuing to invest in our people to transform our state as we embark on delivering what matters to make daily life better for people across our State," the Premier said. 

NSW Treasurer Matt Kean said many older singles struggled to find secure housing, with the number of women aged over 55 among the fastest growing cohort of homeless people in the nation.

"A safe and secure home is fundamental to allow people to earn an income, care for their loved ones and pursue their own interests and aspirations," Mr Kean said. 

Under the scheme, the participant must have a minimum deposit of 2% of the purchase price, with no lenders mortgage insurance required.

Participants in the shared equity scheme also remain eligible for First Home Buyer assistance and any duty or land tax concessions.

The scheme is planned to begin in January 2023 and will accept 3,000 applications per financial year across 2022-23 and 2023-24.

NSW Shared Equity Scheme Criteria and Eligibility 

NSW Government's shared equity scheme is open to:

  • A single parent of a child or children under 18 years of age;
  • A single person 50 years of age or above;
  • First home buyer key workers who are nurses, teachers or police.

Scheme participants must purchase a property priced less than $950,000 in Sydney and major regional centres including Newcastle, Lake Macquarie, Illawarra, Central Coast, North Coast of NSW or priced less than $600,000 in other regional areas.

Further, to be eligible for the scheme:

  • Household gross income must be no more than $90,000 for singles and $120,000 for couples.
  • Participant must be at least 18 years of age and be an Australian or New Zealand citizen, or a permanent Australian resident.
  • A minimum deposit of 2% of the purchase price is required.
  • Participant must occupy the property as their principal place of residence.
  • Participant must not own an interest in any land in Australia or overseas at the time of purchase.
  • Participant must not be able to service the mortgage without the Government equity contribution.


Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
Principal & Interest
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5.99% p.a.
5.90% p.a.
Principal & Interest
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  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.14% p.a.
6.16% p.a.
Principal & Interest
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  • Redraw freely - Access your additional payments when you need them
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Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

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