First home buyers in NSW can avoid paying stamp duty if their property costs less than $650,000.  

New research conducted by realestate.com.au into first home buyers in NSW has revealed the most affordable suburbs in the NSW market they are considering. 

According to REA group, first-home buyers will have an easier path to home ownership in 2022 due to the softening housing market.

Realestate.com.au director of economic research Cameron Kusher said it was no surprise first home buyers were looking to avoid stamp duty. 

"Within Sydney, outer more affordable suburbs are prevalent on the list which is no surprise given first-home buyers tend to be on a lower budget than upgraders, and within these areas grants and stamp duty discounts and exemptions may be applicable on purchases," Mr Kusher said.

"There should be a greater preparedness from vendors to list their properties which will mean more stock to choose from and a better balance between supply and demand in 2022. This should also contribute to the easing price growth this year."

Polling from realestate.com.au asked first-home buyers about the most affordable suburbs they were considering to enter the property market in NSW.

Top 10 suburbs where first home buyers can afford paying stamp duty:

Suburb Median House Price
1 Emerton $575,000
2 Lethbridge Park  $597,000
3 Lethbridge Park  $600,000
4 Tregear $600,000
5 Blackett $605,000
6 Willmot  $612,500
7 Whalan $620,000
8 San Remo  $627,500
9 Budgewol $630,000
10 Airds $630,000

Source: REA

Also read:How much is stamp duty in your state

How much does stamp duty cost?

Stamp duty can be a huge expense when buying a home, easily setting home buyers back thousands if not tens of thousands of dollars.

As an example, stamp duty for an established home in NSW valued just over the threshold of $650,000 would cost $24,630.

Also read: Sydney Suburbs tipped for growth in 2022

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LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.54% p.a.
5.58% p.a.
$2,852
Principal & Interest
Variable
$0
$530
90%
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5.49% p.a.
5.40% p.a.
$2,836
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
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5.64% p.a.
5.89% p.a.
$2,883
Principal & Interest
Variable
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60%
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5.64% p.a.
5.89% p.a.
$2,883
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$248
$350
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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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