Skip to main content
Stickybeak

First home buyer eligibility in Little Bay (2036)

Little Bay (2036) sits within the Randwick local government area. First home buyer eligibility for stamp duty relief and the NSW First Home Owner Grant depends on the purchase price and the type of property, whether new or established. This page shows how those thresholds interact with the typical sale prices in Little Bay 2036 to give you a sense of whether first home buyer concessions are realistically accessible in this suburb.

Can I afford Little Bay?

First-home buyer eligibility

At $1,400,000, here’s which schemes you can use in Little Bay. Drag to test other budgets.

Purchase price
$1.4M
$500k$2M
These thresholds are for FY2025-26. Caps refresh each July - verify before signing.

Stamp duty discount (FHBAS)

Not eligible
$59,409 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)

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
$59,409standard 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 Little Bay 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 Little Bay 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

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

More about Little Bay

All insights →Flood riskBushfire riskSchoolsWalkabilityAmenitiesCommute