First Home Buyers Perth Compare Home Loan Options

See if there’s any other upfront costs, fees or concessions applicable to you by using our SA stamp duty calculator. Most states and territories in Australia have a First Home Owner Grant (FHOG) program, which provides a one-off, tax-free cash grant for eligible first-home buyers to purchase a new home. In return, the government holds an equivalent equity stake in the property. Buyers can choose to repay the government’s share over time or when the property is sold, at which point the government receives its proportional share of the property’s value, including any capital gains or losses. The Home Guarantee Scheme (HGS) is an Australia-wide government initiative that supports eligible home buyers to buy a property with a deposit as little as 2-5%.
Important informationThis page gives Self Employed Home Loans Perth general information about the Australian Government Help to Buy Scheme. To apply for the Scheme, you’ll need to speak to a Participating Lender. They’ll look at your individual situation and let you know if you’re eligible. Before you make an offer, it's a good idea to consider seeking independent legal and financial advice. Your conditional approval confirmation letter will outline important details you need to know, such as your maximum purchase price, so you have a clear idea of what's possible.

In softer weeks, more properties pass in, giving prepared buyers a better chance to negotiate after auction or through private treaty. She said supply problems in the national housing market were a "wicked problem that can't be eased overnight". "For many, this could be the difference between being able to break into the housing market or missing the boat."
Income caps are gone (previously the income cap was $125,000 for singles or $200,000 for joint applicants) and property price caps have been raised where prices have increased. Six different shared equity home loans form the state’s Keystart Home Loans, which were established in 1989 to lower entry cost barriers into the housing market while also removing the need to pay Lenders’ Mortgage Insurance. Homebuyers in Western Australia will pay less stamp duty under sweeping changes announced for the state, with funding also earmarked for affordable housing projects and new home developments. With over 50 years of combined experience in the WA building industry, we are the ultimate house and land specialists for first home builders in the Perth area. Our mission is to make your home ownership journey smooth and unforgettable. Are you looking for an experienced mortgage broker in Perth who is also an investor?
The limited stock of affordable housing is intensifying competition among entry-level buyers. Sydney leads the affordable house outperformance, with entry-level properties at $1.13 million growing 7.2% annually – nearly a full percentage point ahead of typical Sydney houses at 6.3%. Regional Queensland’s affordable houses surged 13.8% annually compared to 11.6% for typical properties, a 2.2 percentage point differential. Our house and land packages come in various sizes to cater to different needs and preferences.

Government support for first home buyers has expanded significantly over the last few years. This guide is a current, plain-English map of what you can actually claim and how the pieces fit together. Yes, first home buyers in Western Australia may be eligible for stamp duty concessions or exemptions. The Western Australian government provides various measures to support first home buyers in reducing the cost of stamp duty. Eligible first home buyers may qualify for the First Home Owner Rate of Duty, which offers a reduced rate or complete exemption from paying stamp duty on their first property purchase.
We had such issues trying to receive a loan but Whiteroom Finance made it so easy and guided us throughout start to finish would highly recommend, was always there whenever we needed. Highly recommend Chris as an excellent broker and Vicki for the final stages of the settlement. They were able to sort out a complicated refinance for me and Chris kept in constant contact with me over the process which took a while.

A higher credit score can mean you’re eligible to apply with more lenders and can get a better interest rate on your home loan. You can request a free copy of your credit report from any of the main credit bureaus in Australia (e.g. Equifax, illion and Experian) every three months. Buying your first property involves more than just finding the right home. You also need to understand how much you can borrow, how much deposit you need, what upfront costs apply, and whether you qualify for any first home buyer support. With us, say goodbye to complex paperwork when applying for a first home loan WA.
You also need to consider the additional costs of buying a property, like conveyancing fees, stamp duty, etc. Brokers offer access to a wide range of loan products and lenders, potentially securing better interest rates and terms than borrowers might find on their own. They provide expert mortgage advice tailored to individual financial situations and handle much of the paperwork, saving time and reducing stress.
We understand that every individual’s financial situation is unique. We take the time to understand your goals and tailor financial solutions that align with your needs and aspirations. Single parents can buy with just 2% deposit under this government-backed scheme. Your broker explains all WA first-home buyer incentives, including eligibility and how they affect borrowing power.

Yes, it’s possible to use both the $10,000 WA first-home buyer grant and (FHBG) if you qualify, according to Housing Australia. However, the FHOG is typically available only at settlement (i.e. after the completion of your property transaction), so it can’t directly be put towards the minimum 5% deposit for the FHBG. New bank modelling maps out the capital cities where low-deposit property buyers face falling into debt and the surging markets building rapid wealth. Everything you need to know as a Wyoming first-time home buyer, from home prices to loan options and grant programs. Everything you need to know as a North Dakota first-time home buyer, from home prices to loan options and grant programs.
It gives  you an idea of how much you can borrow to buy a property and what you can offer to potential sellers. Having pre-approval shows you’re a committed buyer and that you’ve already started your home loan application. This can put you in a good position to get full approval for your loan and exchange contracts before others in the market. Eligible first home buyers in WA may also receive transfer duty relief through the First Home Owner Rate, which is a concessional rate of duty for certain purchases of homes or vacant land.

Plenty of charitable, nonprofit and third-party groups work to see homeownership thrive in their community. These are just a few standout programs, so look into what’s available in your neck of the woods, from company benefits to local housing initiatives. A lender might waive the application fee, which can be a saving of $600 or more. However, after just five years, you will have paid $1,975 in annual fees and approximately $5,500 more in interest compared to Loan B. The initial cashback has been completely erased by higher costs. You could get a $1,000 visa card when you apply to refinance your home loan to Unloan by 30 June 2026 and settle by 31 July 2026.
One of the key advantages for first home buyers in Perth is entering the property market value. Over time, as property values increase, so does your financial position. The long-term benefit starts with the smart first step into the market with confidence. Buying your first home in Perth can feel overwhelming, especially when you're trying to understand all the support options available.