Shared Equity Home Buyer Helper is a NSW Government initiative to help eligible home buyers purchase their own home with as little as a 2% deposit.
How it works
The NSW Government will contribute a proportion of the purchase price of a property in exchange for an equivalent interest in the property. The contribution is a percentage of the purchase price and the maximum amount is determined by whether it is a new or existing home.
- New home – up to 40%
- Existing home – up to 30%
As long as a participant remains eligible for the initiative, no repayments are required, and no rent or interest will be charged. Participants can also make voluntary payments to progressively increase their ownership share in the property.