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First home buyer eligibility in Rose Bay (2029)

First home buyer stamp duty concessions and grants in Rose Bay (2029) depend on the purchase price relative to the NSW Government thresholds in effect at the time of purchase. For properties up to $800,000, first home buyers are eligible for a full stamp duty (transfer duty) exemption. A concessional rate applies on properties between $800,000 and $1,000,000. The First Home Owner Grant (FHOG) of $10,000 applies to new dwellings up to $750,000. Rose Bay is in the Woollahra LGA.

Can I afford Rose Bay?

First-home buyer eligibility

At $1,875,000, here’s which schemes you can use in Rose Bay. Drag to test other budgets.

Purchase price
$1.88M
$500k$2M
These thresholds are for FY2025-26. Caps refresh each July - verify before signing.

Stamp duty discount (FHBAS)

Not eligible
$85,534 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
$85,534standard 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 Rose 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 Rose 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

Bellevue Hill 2023Double Bay 2028Edgecliff 2027Vaucluse 2030Woollahra 2025

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