More than 2,000 first home buyers have found their dream home on the Central Coast thanks to the Minns Labor Government's signature stamp duty assistance program.
The 2,145 new homeowners on the Central Coast have saved a combined $47.6 million in stamp duty since July 2023.
The popular initiative has seen first home buyers across the Coast save an average of $22,185, significantly easing the pressure for people saving for a deposit.
The First Home Buyers Assistance Scheme provides a full exemption from stamp duty for eligible buyers purchasing up to $800,000, and a concession for purchases between $800,000 and $1 million.
In Gosford, 628 buyers have saved a combined $13.5 million, while 522 new home owners in Wyong saved $11.3 million.
In The Entrance, 307 buyers shared in $6.9 million in savings, and 65 buyers at Avoca Beach benefited by $1.3 million.
Statewide, total savings for more than 50,000 first home buyers across NSW have topped $1 billion.
The 50,000 families milestone coincides with the release of a helpful dashboard detailing the program's impact suburb-by-suburb.
The First Home Buyers Assistance Dashboard also provides program statistics Central Coast wide - as it does for every Local Government Area and regional classification in the state. It will be updated regularly and can be viewed here: First home buyers assistance dashboard | Revenue NSW
First home buyers can learn more about the program and calculate their potential stamp duty savings here: First Home Buyers Assistance Scheme - how to apply | NSW Government
This program is just one part of a suite of reforms from the Minns Government to help address the housing crisis and ease cost of living pressures.
This includes sweeping reforms of the planning system to deliver more housing, including establishing the Housing Delivery Authority to speed up approvals.
Minister for the Central Coast David Harris said:
"This Minns Government program is fantastic news for the more than 2,000 families, couples and singles able to get into their first home sooner in our beautiful region.
"The more than $22,000 in average savings per homeowner is making a big difference for people saving up for a deposit.
"Home is where the heart is, and there's nothing better for Coasties to have a place to call their own in a region they love."
Minister for the Hunter and Member for Swansea Yasmin Catley said:
"Buying your first home is a major achievement and I'm thrilled the Minns Labor Government is helping so many first home buyers reach this milestone.
"Our community is a great place to live, work and play and this scheme is allowing people to build their dream life in one of the best places in NSW."
Member for The Entrance David Mehan said:
"The Minns Labor Government's stamp duty assistance program is making home ownership more accessible, providing real relief for local families entering the housing market.
"It's great to see that local residents are benefiting from this fantastic initiative"
Member for Gosford Liesl Tesch said:
"With over 628 first home buyers in Gosford alone saving a combined $13.5 million dollars under this scheme, the Minns Labor Government is ensuring that families across NSW can achieve their dream of home ownership.
"I want the students that I taught to be able to make a home on the Central Coast, not be forced to leave their hometowns because they can't afford a deposit to get into the housing market.
"This program is making home ownership a reality again for thousands of Coasties."
