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First home buyer eligibility in Silverwater (2128)

Silverwater (2128) sits within the Parramatta 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 Silverwater 2128 to give you a sense of whether first home buyer concessions are realistically accessible in this suburb.

Can I afford Silverwater?

First-home buyer eligibility

At $699,000, here’s which schemes you can use in Silverwater. Drag to test other budgets.

Purchase price
$699k
$500k$2M
These thresholds are for FY2025-26. Caps refresh each July - verify before signing.

Stamp duty discount (FHBAS)

Eligible
$25,984 saved

Full FHBAS exemption at this price. Saving: ~$25,984.

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

$10,000 grant for new builds (FHOG)

Partial
$10,000 grant

Potentially applies if buying new under $750,000.

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
$25,984standard 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 Silverwater 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 Silverwater 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

Carlingford 2118Dundas 2117Ermington 2115Harris Park 2150North Parramatta 2151Old Toongabbie 2146

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