Perth Trusted Help for First Home Buyers

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%.
These concessions are designed to make the purchase of a Refinancing Perth residential property more affordable for first-time buyers. The deposit required can vary depending on your financial circumstances and the type of loan you opt for. However, we do offer low-deposit home loan options for those who might find it challenging to save money for a large deposit whilst paying rent. Our in-house finance experts at Snap Finance are here to guide you through the process and help you find the most suitable solution for your needs. Terms, conditions and fees for accounts, programs, products and services are subject to change without notice. All loans and offers are subject to standard underwriting guidelines and required conditions.

Once this is complete, your broker will submit your application to the lender, where they’ll review your application and arrange mortgage insurance and a property valuation if required. The federal government announced a new grant deposit scheme for first home buyers to help them purchase a home sooner. Unlike most mortgage brokers, we work out which lenders may approve your loan before providing you with a quote. The First Home Owner Grant (FHOG), often referred to as the first home buyers grant, is a one-off payment from the WA Government to encourage and assist people to build their first home. First-home buyers, interstate arrivals, and private investors are deliberately focusing on fields where entry costs remain accessible and where bank serviceability assessments match local wage metrics.
"The new price caps represent a substantial increase for most regions and are designed to be more in line with each region's median house values," Cotality economist Kaytlin Ezzy said. Under the new rules, there are also no income limits and significantly higher property price thresholds. The changes will see the number of eligible house and unit markets available to scheme participants almost double, data from Cotality has revealed. At Winning Homes IQ, we help first home buyers navigate the process with guidance, transparency and support from start to finish.
And it’s likely that moving forward, thanks to the current environment, people will place an even greater emphasis on neighbourhood and inner and middle-ring suburbs where more affluent occupants and tenants will be living. They will compete with first-home buyers who benefit from several government-backed incentive schemes. But the investment landscape has become more complex, and that rewards investors who take a strategic, informed approach. At the same time, the 50% capital gains tax discount will be replaced by cost base indexation and a 30% minimum  tax on net capital gains from 1 July 2027, applying to individuals, trusts and partnerships. On the demand side, the government's first home buyer schemes continue to add fuel to the lower end of the market. Another key factor that affects the value of the property market is the overall health of the economy.

The long-term cost of the mortgage is far more important than a one-off bonus. A loan with a slightly higher interest rate can cost you tens of thousands of dollars more over time, quickly wiping out the benefit of a few thousand dollars in cashback. "By again increasingthe first home buyer stamp duty exemption and concession thresholds, we areresponding to  Perth's rapidly changing housing market to provide more relieffor more first home buyers. Even Melbourne, a poorer performing housing market with a hated State Government investor tax, was above its $950,000 cap, revised from $800,000, with its house prices edging up by 2.5 per cent over the year to $953,454.
The average income was lower for a single person at $98,764 and higher than needed to qualify for couples. The average income was lower for a single person at $102,075 but higher than needed for couples. In this article, we’ll break down what’s changing, how it affects Perth and regional WA buyers, and what you should consider before jumping in. At Perth Home Brokers, it’s our priority to get as many people as possible owning a brand new home that they can call their own. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Government modelling suggests the expanded scheme will lift property values by just 0.5 per cent over six years, but other analysts are not so convinced.

Even so, with Perth’s median dwelling value at $841,928 – sixth among capital cities – and gross rental yields at 4.2%, the city remains relatively affordable while still delivering strong returns for investors. Perth’s rental market showed modest changes, with the median weekly rent for a three-bedroom house up 1.5% to $660. Rents for three-bedroom houses were stable across Inner, Middle, and Outer Perth. Select the purpose of the home loan and type the amount you would like to borrow to generate the Key Facts  Sheet. We actually cover all these risks and their likelihoods in our pack about the real estate market in Perth.
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.
Many Australians don’t know what Lenders Mortgage Insurance (LMI) is, even though it can cost you literally thousands of dollars in upfront costs. She noted that Perth has attracted strong eastern states investor interest since 2023, though outer suburbs are seeing more rental listings. She expects that trend to be temporary, with population growth and new first-home buyers entering the market from October under the expanded First Home Guarantee Scheme. “The job market is steady, and people continue to want to live and work in areas close to the CBD and key lifestyle attractions. Living close to the convenience of the city, and reduced travel times, remain a factor for buyers and renters alike. As of early 2026, Perth property prices are expected to increase by approximately 5% to 8% over the calendar year, representing a slowdown from the double-digit growth seen in 2024 and 2025.

With the home loan buying limits jumping to $1 million or more in most areas, Ms Ezzy did sound a warning bell about borrowing "only what you can afford to pay off". "The increased price caps mean first home buyers will have more choice where they can purchase," she said. The September monthly housing chart by Cotality (formerly Corelogic) has found that under old price caps, about a third of the 4,848 house and unit markets analysed nationally had a median value below the respective limits. The federal government is removing income and place restrictions for first home buyers in an expansion of the Home Guarantee Scheme. Between updated financial preparation, government incentives, strong market demand and increased buyer activity, end of financial year creates an environment where preparation can lead to long-term benefits. For many Perth first home buyers, end of financial year can be one of the strongest times of year to begin planning a build.
If you are buying a newly built home the Office pays the grant after settlement. At Keystart, we allow you to use the FHOG funds towards your home loan deposit, to help you get started on your home ownership journey sooner. If you wanted to receive the FHOG grant directly, then you would need to save your deposit yourself. The 5% Deposit Scheme supports eligible homebuyers to purchase a home sooner with a lower deposit. Introduced in 2001, FHOG is a scheme co-funded by state and federal governments designed to encourage home ownership for first home buyers. A once-off $10,000 First Home Owners Grant (FHOG) is available to eligible WA first home buyers buying or building a new home.

Helping aspiring first home buyers and single parents buy a home sooner with a lower deposit. CommBank acknowledges the Traditional Owners of the lands across Australia as the continuing custodians of Country and Culture. We pay our respect to First Nations peoples and their Elders, past and present. Buy a home in the CommBank app gives you access to guidance, tools and insights to support you throughout your home buying journey. Make your money work harder by saving on interest and paying off your home loan sooner with multiple offsets with no set-up fee. Take advantage of our current home loan offers that could help with your new, existing or next property.
And for investors, interest-only loans are often used to maximise cash flow during the early years of property ownership. There are a few core types of home loans available in WA, and the right one for you depends on your goals, income, and whether you’re buying to live in or  invest. Depending on your situation, these funds can also be used to cover Keystart's fees and even your settlement agent fees. Don't worry - your broker or Keystart Home Loan Specialist will go through the fees with you and will let you know what you may be required to cover well before settlement. If you haven't owned a home before, you may be eligible for both the First Home Owner Grant, a one-off payment funded by the State Government, as well as stamp duty concession.