First Home Buyer Loans Perth Grants & Guidance

Whether you are buying or selling residential, rural, or commercial property, our Perth settlement agents and conveyancers can assist in all matters relating to property settlements and conveyancing. If you’re looking for a professional conveyancing and settlement agent in Perth, contact our professional conveyancing team today. We can assist you with all aspects of your settlement, from preparing the contract of sale to finalising the settlement itself. We can also provide advice and representation in relation to any disputes that may, unfortunately, arise during or after your settlement.
The completion date is the date the building is ready for occupation as a place of residence, usually when the builder hands over the keys to the owner. You must apply for the FHOG within 12 months of the completion date. Your eligibility and when you should apply is determined by the type of transaction. Changes in relation to the first home First Home Buyer Loans Perth owner grant cap have now been applied. The remaining changes are subject to the Parliamentary process and updates to RevenueWA's systems.

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 Perth property market continues to outpace the rest of the nation, with Cotality’s latest index tracking a substantial dwelling value surge of 2.1% in April. The median house price in Perth Inner increased 4.7% over the quarter, compared with gains of 1.1% in Perth Middle and 1.3% in  Perth Outer. Across the city, the overall median house price lifted 1.9% to $815,000 for the three months to June – up 9.2% over the year.
You may need to act faster, complete contract reviews earlier and have a firm bidding strategy. If clearance rates are falling, look for passed-in properties and vendors who may be more open to negotiation. If you are planning to buy your first home in Australia, understanding market timing and loan strategy is critical.

These are generally used by investors rather than owner-occupiers, as they do not reduce the principal balance during the interest-only phase. For us, it is not enough to simply provide a great service to our customers. We are proud to have partnered with Children’s Cancer Institute, and we hope that together we can make a big impact towards ending childhood cancer. Thank you very much to Chris White and his wife Vicki White from Whiteroom. Neil and I highly recommend their professionalism, knowledge and their dedication. We had a very awkward situation and Chris with his knowledge was able to reach our goals.
The Queensland plumber, 26, currently lives in a share house and plans to go halves in a three-bedroom house with his best mate. Jarad Johnson is keen to take advantage of the scheme to buy his first home, and hopes to see more government assistance in the future. Concessional rates have also been extended to blocks valued up to $550,000. We calculate that the amount displayed is the difference between amount that you pay on rent each week and the expected repayment rate of owning your own home. Calculations are meant as estimates only and it is advised that you consult with a Licensed Mortgage Broker about your specific circumstances.

The RBA has been warned it must cut interest rates now or Australia faces a major risk in the near future that will reshape the country forever. Preapproval shows sellers you’re serious and helps you avoid falling in love with a home that’s outside your true budget or program limits. Interest-Only Loans For a limited period (typically up to 5 years), borrowers repay only the interest on the loan.
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.
With a broad range of investment friendly lenders and credit providers, Gerry can help you structure your lending as effectively as possible to protect your ability to buy more properties sooner. Are you looking for a mortgage broker who can help you with your home loan needs? Are you looking for a mortgage broker in Perth who can help you with your home loan needs? Home loan comparison rates are calculated based on a loan amount of $150,000 repaid over a 25-year term with monthly repayments.

The government will provide an equity contribution of up to 40% for new homes, or 30% for existing homes. All four big banks just named the dates your mortgage will finally get cheaper as rate cuts begin - but there’s a catch that could cost you $606 a month. Although the market would pass through an “air pocket” in the next six to 12 months, Mr Eftimoski argued there was still a massive housing shortage and competition for cheaper homes was fierce. There were lots of reasons why home ownership made personal sense for people, he added, including family security, freedom and retirement benefits. “I think you will find banks do have the power to come in and forcibly create a sale when there are negative equity situations.
His background in international banking gives him unique insight into how lenders evaluate applications, allowing him to present your case in the most favorable light possible. Owner Laszlo combines his decade of international banking experience with deep local market knowledge to deliver exceptional results for clients across all property financing needs. Choose FinanceCorp for professional mortgage broking that combines market expertise with personalized service, delivering smooth, stress-free financing solutions tailored to your unique circumstances. Customer testimonials highlight their genuine commitment to financial well-being, with many clients returning for future purchases and enthusiastically recommending their services. Specializing in first home purchases, refinancing, debt consolidation, and construction loans, they deliver comprehensive financial solutions across Australia. Their extensive lender network and deep industry knowledge enable them to negotiate competitive rates and terms tailored to each client's unique circumstances.

The property price caps have jumped significantly in some cities — they're now up to $1.5 million in Sydney and $1 million in Brisbane and Canberra. The federal government had planned for the changes to begin in 2026, but moved them forward to October to help “Australians realise their dream of home ownership sooner”. “A smaller deposit typically means a bigger loan, higher monthly repayments and potentially a higher interest rate. For a house with a price tag of $920,000, and the same 5 per cent deposit, buyers would be slugged $36,730 in LMI.
With strategic planning, knowledge, and support, FHBs can still get a foot in the door in 2025. Here’s a breakdown of how you can overcome the challenges and start your homeownership journey in Perth. The First Home Owner Grant (FHOG) is a national scheme funded by the states and territories to assist first home buyers with the costs of purchasing or building a new home. While the scheme is national, each state and territory administers it under their own legislation, which means the eligibility criteria and the amount of the grant can vary depending on where you are buying your home. When considering to purchase your first home, it can be a daunting experience. At Perth Mortgage Broker Group, we understand that buying your first home is a big decision, and one not to be taken lightly.