First home buyer stamp duty concessions and grants in Cremorne (2090) 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. Cremorne is in the North Sydney LGA.
Can I afford Cremorne?
First-home buyer eligibility
At $1,325,000, here’s which schemes you can use in Cremorne. Drag to test other budgets.
Purchase price
$1.32M
$500k$2M
Stamp duty discount (FHBAS)
✕Not eligible
$55,284 duty
Properties at or above $1,000,000 do not qualify for FHB stamp duty relief in NSW.
over 3 yrs. The deposit target grew $22,000 faster than savings
Numbers assume a 20% deposit. The First Home Guarantee can let you buy with 5%; the FHSS can release up to $50k from super.
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 Cremorne 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.
