If you’re a first home buyer in Sydney, Metricon gives you more than just a new address. From transparent pricing and help with financing to great value house and land packages and modern home designs, we’re here to help you make a confident first move into home ownership.
There’s nothing like having a place that’s truly your own. A home where you can put down roots, make your own decisions, and start fresh. And in a city like Sydney, that kind of independence is priceless.
We know the city's property market can feel out of reach. High property prices, rising interest rates, and fast-moving listings all make it tough for first home buyers in Sydney.
Metricon Homes makes it easier to get into your own home. With affordable house and land packages across Greater Sydney and New South Wales, plus flexible designs and expert support at every step, we’ll help you move from thinking about it to turning the key.
Right now, there are more opportunities than ever to buy your first home in NSW, thanks to expanded government incentives. If you meet the eligibility criteria, these are the key government schemes that could help reduce your upfront costs:
1. First Home Owner Grant (FHOG)
Eligible first home buyers get a $10,000 cash grant for buying or building a brand-new home up to $600,000, or building a home on land worth up to $750,000.
2. First Home Guarantee Scheme (FHBG)
Buy with just a 5% deposit and no Lenders Mortgage Insurance (LMI). You must live in the property and be an Australian citizen or permanent resident. As of October 2025, there are no income caps and no limit on available spots. Sydney’s price cap is now at $1.5 million.
3. Help to Buy (Shared Equity Scheme)
Under this, you only need a 2% deposit, with the federal government covering up to 40% of the property price. You pay no rent on their share. Income caps apply ($100k singles, $160k couples), and the price cap for Sydney is around $1.3 million.
4. First Home Buyers Assistance Scheme (FHBAS)
With this, you may get a full exemption from stamp duty if your property price is under $800,000. For homes between $800,000 and $1 million, there are scaled discounts. Over $1 million, you pay full transfer duty.
5. First Home Super Saver Scheme (FHSS)
Use your super to save a deposit faster with voluntary contributions taxed at 15%. You can withdraw up to $50,000 to put towards your home loan deposit.
For first-time buyers, the deposit is often a worry. The good news is, if you're eligible for the Australian government’s lower deposit schemes, your current savings might be enough.
For instance, with the First Home Guarantee, you might only need 5% of the purchase price and as little as 2% if you’re a single parent. That means on a $750,000 property, your deposit could be just $37,500. If you’re eligible for the shared equity scheme, that could drop even lower.
Even so, you’ll still need extra funds on hand for other upfront costs. These can include:
You can use our online loan calculator or chat with a home loan broker to assess your financial situation and understand repayments before making a move.
Everything you need to know about buying your first home.
There are many benefits to building a new home over buying an established home. You’ll enjoy a home tailored to your style, with potential grants and stamp duty savings for first home buyers.
Use our First home buyer checklist to help find the right home for you
Calculate everything from how much you can borrow, to stamp duty you may need to pay.
Find out how you could own your own home at our free First Home Buyer information sessions.
From the very beginning Metricon were AMAZING! We love our home...
New homes offer more than just a blank slate. They can actually help you save money now and in the future.
Unlike buying an existing home, building new will cost you stamp duty only on the land value, not the home, which means huge savings.
Plus, new builds meet the latest energy efficiency standards. That means a 6-star (or higher) energy rating, saving you hundreds each year on heating, cooling, and electricity. And you won’t be stuck with someone else’s outdated fixtures or repair bills.
With Metricon Homes, building new is so much easier. With our HomeSolution packages, you can change from our wide range of floor plans and tailor the finishes and inclusions to your preference.
Government grants only apply to new homes, off-the-plan homes, or building on vacant land. Investment properties and existing homes usually don’t qualify.
At Metricon Homes, we offer a wide range of new homes for every budget and lifestyle. Whether you’re after a compact design that suits a narrow block or a family home with extra room to grow, our new home advisors will help you find a solution that fits.
You can also personalise your colours and finishes through our Studio M selection experience, so your new home still feels like you.
Our mortgage and finance partners are on hand to guide you through various financial options. If you’re eligible, they’ll explain the steps to getting your first home buyers grant and help you find out what other benefits may be available. Our mortgage partners will also help you find the right home finance option that works for you.
Financial assistance:
They’ll help you assess lenders and products tailored specially for first home buyers.
Loan calculator:
Metricon will help you find the perfect block of land for your first home. We’ll guide you through the various steps to securing your block, and ensure factors such as land size, incline and street frontage are taken into consideration. We’ll also help with any developer guidelines governing your land and home design choice.
To keep the process simple, we've created checklists of the key considerations to note when buying land for your Metricon home.
Greater Sydney has plenty of growth suburbs that are ideal for first-time buyers. Western Sydney and the South West are also popular for their master-planned estates, green spaces, and future infrastructure.
Choosing the right location is about balancing price, lifestyle, and potential. While inner-city apartments come with higher property value and steep strata fees, a house in a developing suburb often gives you more land, more space, and a stronger sense of community.
You can visit one of our many display homes across Sydney to walk through our designs and get a feel for different neighbourhoods.
Buying your first home can feel confusing, but Metricon is here to support you every step of the building process.
Metricon has a range of home designs specifically tailored to first home buyer budgets.
Start by browsing our stunning, contemporary home designs and by visiting our display homes to see our floor plans come to life!
We also offer affordable home and land packages in leading estates. Talk to our new home advisors about options to suit your budget and lifestyle.
Metricon is proud to support first home buyers across Australia with:
Renting in Sydney can feel like money down the drain. But with the right help, you can own your own home, build equity, and shape your future.
The first step? Talking to someone who understands what first-time buyers need. Chat with a Metricon New Home Advisor today and let’s bring your dream of home ownership to life.
Ready to make the dream of owning your first home a reality? Get started today.
Metricon has been building homes for Australian families since 1976. We have the expertise and understanding to ensure your journey to home ownership is as smooth and simple as possible.
When you build with Metricon we give you our commitment to quality design, construction and customer care. We even guarantee it with a lifetime structural guarantee
Our stunning home designs are just the beginning when you build with Metricon. You can customise your home colours, finishes and fixtures in our industry-leading selection centre Studio M to add your personal touch to your selected design.
Metricon home designs have won many awards and industry accolades, testimony to the skill of our design team in creating stunning home designs that work for the Australian lifestyle and your family.
1. How much income do you need to buy your first house in Sydney?
There’s no fixed income required, but lenders assess your borrowing power based on your income, expenses, debts, and credit history. Use our borrowing calculator to get a guide.
2. How much is the first home buyers grant in Sydney?
Eligible first home buyers can receive $10,000 when buying or building a new home, under the First Home Owner Grant scheme.
3. Is it still worth it to buy a house in Sydney?
Yes, especially with the current federal and NSW government incentives and new price caps that make home ownership more achievable.
4. What is the best loan for first time home buyers?
It depends on your eligibility, income, and the property purchase price. Metricon Homes can connect you with trusted finance partners who'll help you understand your options and choose what suits your situation best.
5. What is the best age to buy a home?
There’s no perfect age. The best time is when you’re financially ready and eligible for schemes that make the process more affordable.
