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First home buyer eligibility in Clovelly (2031)

First home buyer assistance in NSW is structured around price thresholds that have not kept pace with Sydney property prices in many postcodes. In Clovelly (2031), understanding whether the suburb's typical sale prices fall inside or outside the concession range is a practical starting point for budget planning. The card below also covers the First Home Guarantee (federal) and the NSW Shared Equity Home Buyer Helper scheme where relevant.

Can I afford Clovelly?

First-home buyer eligibility

At $1,790,000, here’s which schemes you can use in Clovelly. Drag to test other budgets.

Purchase price
$1.79M
$500k$2M
These thresholds are for FY2025-26. Caps refresh each July - verify before signing.

Stamp duty discount (FHBAS)

Not eligible
$80,859 duty

Properties at or above $1,000,000 do not qualify for FHB stamp duty relief in NSW.

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)

Not eligible
Above $1.5M cap

Above the $1,500,000 NSW price cap for this postcode.

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

2% deposit, shared equity (Help to Buy)

Not eligible
Above $1.5M cap

Above the $1,500,000 NSW price cap for this postcode. 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
$80,859standard 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.

First home buyer eligibility is not just about the purchase price. It also requires that you have never previously owned residential property anywhere in Australia or overseas, that you intend to live in the property, and that the property meets the relevant definition of residential property for the grant and concession purpose. The Revenue NSW website has an eligibility checker; consult a solicitor or conveyancer before relying on any eligibility assessment in Clovelly 2031.

First home buyer eligibility in nearby suburbs

Coogee 2034Kensington 2033Kingsford 2032La Perouse 2036Maroubra 2035Randwick 2031

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