Help to Buy: Eligible Sydney properties that could be yours

The Help to Buy scheme is set to support 40,000 Australian households purchase a new or existing home with an equity contribution from the government.

Expected to launch later this year, the scheme will see the federal government make a contribution of up to 40% in exchange for a share, or proportional interest in the property.

Buyers with a deposit of at least 2% will be eligible, and the size of the equity contribution can vary from up to 30% for an existing home to 40% for a new home.

This aims to assist prospective home owners gain access to the property market sooner than they would otherwise have been able, thanks to a smaller deposit.

New property price caps linked to average house prices across each state and territory have been introduced, broadening the range of options available.

In Sydney and other regional centres of New South Wales, the property price cap is set at $1,300,000.

Below is a selection of some homes in New South Wales looking for new owners that fall within the Help to Buy’s property price cap.

57 Station Street, Newtown

This two-level Victorian terrace in the desirable inner-city Sydney suburb of Newtown is on the market after being held by the same family for 50 years. 

The home is only a five minute walk from Newtown Train Station as well as the Enmore Theatre and numerous coffee shops and restaurants. 

The suprising layout of the 139.6sqm property includes two kitchens as part of an enviable dual occupancy configuration.

The property is set for auction on 31 May with a price guide of $1,100,000.

68 Centenary Road, South Wentworthville

Offered for the first time by its original builder, this three-bedroom duplex is close by to the cosmopolitan Parramatta CBD and both Metro and Light Rail stations.

It is scheduled for auction on 14 June with a guide price of $950,000.

27 Spring Street, Padstow

Set for auction later this month with a price guide of $1,200,000, this home is a mere 750 metres to schools, shops and public transport.

It includes three bedrooms, one bathroom and has scope for renovation.

34 Linde Road, Glendenning

Four good sized bedrooms, a newly renovated bathroom and ensuite, as well as a large patio entertaining area are among the highlights of this home.

It is also a short distance from schools, public transport and medical centres.

It is set for auction on 31 May with a price guide of $990,000.

3 Rainbird Mews, Port Macquarie

Newly built, this four bedroom, two bathroom home overlooks bushland reserves and is part of a quiet cul-de-sac.

Vinyl-planked flooring, 900mm appliances in the kitchen and air conditioning in the living spaces are among the highlights found across 554sqm of living space.

The home has an asking price of $1,050,000 – $1,150,000.

46 Cedar Drive, Dunoon

Set on an elevated 4,705m² parcel of land in Sydney’s northern rivers region, this classic Queenslander designed house offers a buyer an additional versatile space for a workshop or studio in addition to its three bedrooms.

It is currently on the market with a price guide of $880,000 – $930,000.

11 Yachtsman Avenue, Caves Beach

Moments from the sand in the Lake Macquarie suburb of Caves Beach, this four-bedroom house set over 518sqm is a first-home buyers dream. 

This idyllic coastal haven is currently on the market for $1,300,000. 

This article first appeared on Mortgage Choice and has been republished with permission.

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