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First home buyer eligibility in Dee Why (2099)

First home buyer assistance in NSW is structured around price thresholds that have not kept pace with Sydney property prices in many postcodes. In Dee Why (2099), 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 Dee Why?

First-home buyer eligibility

At $940,000, here’s which schemes you can use in Dee Why. Drag to test other budgets.

Purchase price
$940k
$500k$2M
These thresholds are for FY2025-26. Caps refresh each July - verify before signing.

Stamp duty discount (FHBAS)

Partial
$28,776 saved

Concessional duty of $8,053 instead of $36,829. Saving: ~$28,776.

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
$36,829standard 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.

The NSW Government's First Home Buyer Choice scheme (now the property tax option) allows eligible first home buyers to opt for an annual property tax instead of upfront stamp duty on properties up to $1,500,000. This can significantly improve cash-flow at settlement for buyers in the Dee Why price bracket, but it involves long-term tax commitments that depend on your ownership horizon. Run the numbers with a mortgage broker before choosing between stamp duty and property tax.

First home buyer eligibility in nearby suburbs

Avalon Beach 2107Balgowlah 2093Bayview 2104Brookvale 2100Church Point 2105Collaroy 2097

More about Dee Why

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