First Home Buyers Perth Compare Home Loan Options

Ensure your finances are stable for at least 6–12 months before applying. Avoid large expenses, job changes, or applying for other forms of credit in the lead-up to your application. Chris and the team were able to simplify an unclutter the complex and intimidating process of buying our first home. They were readily accessible throughout the journey and we are ecstatic with the final outcome.
Lower Mining Equipment Finance WA upfront costsIf living expenses prevent you from saving a decent deposit, a low deposit home loan allows you to get your foot in the door with a smaller deposit. The first home owner rate is a concessional rate of duty applied to certain transactions, such as a contract to purchase or transfer a home or vacant land. The Australian Government 5% Deposit Scheme is for aspiring home buyers – first home buyers with a minimum 5% deposit, or single parents with a minimum of 2%.

Access to  the "first home buyers mortgage deduction scheme", as it has been called, is limited to five years and participants would only be able to claim back the interest paid on the first $650,000 of their mortgage. Orange Mortgage & Finance Brokers is a boutique firm based in North Perth. With over 11 years of experience helping West Australians secure home financing, Laszlo brings a wealth of knowledge from his background in Engineering, Commerce, and 20 years in global finance. The strongest buyers are not always the buyers with the highest budget. If clearance rates are rising in your target suburb, prepare for stronger competition.
Eligibility criteria include purchasing a new home, building one, or buying vacant land for construction. The grant aims to reduce the financial burden on first-time buyers and make homeownership more accessible. The first home owner grant WA can be a significant support for those seeking a first home buyers loan Perth, especially when combined with other incentives.
That's why when you see a rate advertised, you'll see 'based on an LVR of XX' in the fine print. If you don’t have a guarantor, you could use the First Home Guarantee (FHBG) to buy your first home with a minimum 5% deposit and avoid LMI. Contact our team if you have questions about home loans, refinancing, or other lending options.

This includes if you have a split home loan and are paying off one part of it. The discharge fee covers the administrative costs of discharging the loan. Stamp duty exemptions may also apply to property transfers between current or former spouses and to transfers of farming land to family members or relatives. The exemption is available until 30 June 2026, after which it will be reviewed. The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership.
Suburbs such as Alkimos, Eglinton, Golden Bay, Dayton, Sinagra and Two Rocks continue seeing strong demand from buyers wanting modern communities with long-term potential. Mr Algar said he was not surprised many single income earners would still be priced out of the market at the top end of the scale. But he warned there are penalties for those who do that, and first home buyers needed to be across the detail of the scheme.

An additional plus is how modern the process is to submit all the relevant documentation. If you’re searching for an outstanding mortgage broker in Perth with a down-to-earth, honest approach, give Zanda Wealth Mortgage Brokers a shot. Below, you’ll find a list of local mortgage broker firms and professionals that we think we’ll do a good job for you. If your loan is not formally approved, there can be serious consequences.
Add in your income and expenses, and you'll get an idea of how much you could borrow from the bank to buy your new home. Perth leads the pack, with annual gains of 24.3%, while Brisbane, Adelaide, and Darwin are also at record highs. By contrast, Sydney and Melbourne values slipped slightly over the quarter and remain just below previous peaks, signalling a more price‑sensitive market for borrowers in those cities. According to Cotality’s April 2026 chart pack, in the latest quarter national dwelling values rose 2.1% and are 9.9% higher over the year, with combined regional markets outpacing the capitals.
We pay respects to all Aboriginal elders and people and stand united towards a shared future. It's so far unclear who will be able to access the homes, beyond the baseline requirement that it will only go to people who have never purchased property. This is a higher cap than under the current scheme, which is set at the median house price (averages are generally higher). Labor's new plan is to expand that scheme to all first home buyers, doing away with the income test and cap on availability.

“The reality is, most first home buyers will have to compromise on size, location or both to make that first step into the market. “Labor was re-elected with a clear mandate to bring down the deposit hurdle for first home buyers, and we’re delivering,” Prime Minister Anthony Albanese said. Prospective buyers will have access to the expanded scheme from Wednesday, October 1. For example, the cap has gone from $900,000 to $1.5 million in Sydney, where the median house price is $1.7 million. The government  says the changes will get Australians into a home sooner by cutting years off the time it takes to save for a deposit and unshackling the burden of LMI.
The number of places are now uncapped, income caps have been removed, and property price caps have been increased under all streams. Before you start house hunting, it's worth getting pre-approved for your first home loan. Pre-approval gives you a clear understanding of your borrowing capacity and shows sellers that you're a serious buyer. This can be particularly valuable in Perth's dynamic property market.

“They are facing the loss of whatever equity they now have and a lifetime grind of principal and interest,” Mr Kohler wrote in his analysis. “It’s a real issue for anyone that wants to change their home or borrow money elsewhere,” the analyst said. However, they had now found themselves in a financially risky position with limited options.
According to the Australian Bureau of Statistics (ABS), the number of first-home buyer loan commitments in Western Australia rose 1.7 % in Q2 2025, while the value of those loans jumped 5.7 %. Perth’s relative affordability, compared with Sydney or Melbourne, continues to attract both local and interstate buyers. Easystart Homes acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters on which we live and work, and we offer our respect to their Elders, past and present. A digital home loan with a low variable rate and access to one Everyday Offset account. See the First Home Owner Rate of Duty fact sheet for information about when a transaction will be assessed at the first home owner rate of duty. If you don’t notify the Commissioner as required, you may need to repay the FHOG and be reassessed for duty with penalties and may be ineligible for a future grant.