First Home Buyers Information
First home buyers in WA can access state and federal assistance, mainly aimed at reducing upfront costs such as deposits, stamp duty, and purchase price.
1.First Home Owner Grant (FHOG)
The First Home Owners Grant is a one-off payment of $10,000 from the WA Government to help first-home buyers purchase or build a new home.
Key eligibility requirements
- Must be 18 years or older.
- At least one applicant must be an Australian citizen or permanent resident.
- You must never have owned residential property in Australia before.
- The property must be your principal place of residence.
- You must live in the home for at least 6 continuous months within the first 12 months after settlement or completion.
Property value limits
- Up to $750,000 for homes in Perth / south of the 26th parallel.
- Up to $1,000,000 north of the 26th parallel.
Visit the Official website
2. Stamp Duty (Transfer Duty) Concessions for First Home Buyers
WA provides reduced or zero transfer duty (stamp duty) for eligible first-home buyers.
Current typical thresholds (WA)
- $0 stamp duty on homes valued up to about $500,000.
- Reduced duty on homes valued $500,000 – $700,000 (metro areas).
- Regional areas may receive concessions up to $750,000.
For vacant land:
- No duty up to ~$350,000
- Reduced rates up to $450,000.
Eligibility requirements generally align with the First Home Owner Grant criteria.
Visit the Official Government website:
3. Australian Government Home Guarantee Scheme (5% Deposit)
This is a federal scheme allowing first-home buyers to purchase a home with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI).
The government guarantees up to 15% of the property value, which reduces risk for lenders.
Basic eligibility
- Australian citizen or permanent resident
- At least 18 years old
- Must live in the property (owner-occupied)
- Must be a first home buyer.
Visit the Official Government website:
