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First home buyer eligibility in Caringbah (2229)

Are first home buyer concessions accessible in Caringbah? The FHB eligibility card below compares the NSW stamp duty exemption and concession thresholds to the median dwelling price in Caringbah 2229. In many inner and middle-ring Sydney suburbs, median prices exceed the $1,000,000 concession ceiling, making stamp duty a full additional cost at the purchase price. The card tells you where Caringbah sits relative to those thresholds.

Can I afford Caringbah?

First-home buyer eligibility

At $850,000, here’s which schemes you can use in Caringbah. Drag to test other budgets.

Purchase price
$850k
$500k$2M
These thresholds are for FY2025-26. Caps refresh each July - verify before signing.

Stamp duty discount (FHBAS)

Partial
$29,903 saved

Concessional duty of $2,876 instead of $32,779. Saving: ~$29,903.

Revenue NSW →See all NSW suburbs that fit this scheme →

$10,000 grant for new builds (FHOG)

Not eligible
Not eligible

FHOG covers new homes up to $750,000. This price is above the cap.

Revenue NSW →See all NSW suburbs that fit this scheme →

5% deposit, no LMI (First Home Guarantee)

Eligible
5% deposit

Under the $1,500,000 NSW price cap.

Housing Australia →See all NSW suburbs that fit this scheme →

2% deposit, shared equity (Help to Buy)

Partial
Up to 40% equity

Potentially eligible. Under the $1,500,000 NSW price cap. Subject to income caps ($100,000 single, $160,000 joint) and Australian citizenship.

Treasury →See all NSW suburbs that fit this scheme →
If no scheme applies
$32,779standard duty
Sources: Revenue NSW (FHBAS, FHOG, standard duty), Housing Australia (First Home Guarantee),Treasury (Help to Buy). FYApr 2026 thresholds. Caps refresh each July; verify before signing. Not financial advice.

If median prices in Caringbah consistently exceed $1,000,000, first home buyers will typically pay full stamp duty, approximately 4 to 4.5 percent of the purchase price at that level. On a $1.1M purchase, that is around $44,000 to $50,000 in additional upfront cost. This does not rule Caringbah out as a first purchase, but it needs to be factored into your deposit and savings plan alongside legal costs and building inspections.

First home buyer eligibility in nearby suburbs

Cronulla 2230Engadine 2233Gymea 2227Jannali 2226Kirrawee 2232Menai 2234

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