First Home Buyer Loans Perth Grants & Guidance

The expanded scheme eliminates income caps and raises property price thresholds, allowing first-home buyers to purchase with just a 5% deposit and avoid lenders mortgage insurance. The Home Guarantee Scheme (HGS) helps eligible buyers purchase a property with as little as a 5% deposit (or 2% for the Family Home Guarantee). The Government acts as guarantor for part of the loan, which means buyers can avoid paying lenders’ mortgage insurance (LMI) — a cost that can run into tens of thousands. Navigating the property market in Perth for the first time can be a complex task, especially when it comes to securing a mortgage loan. Understanding the types of mortgage products available, assessing your borrowing capacity, and aligning with the right financial professionals are essential steps for first-home buyers.
Decide whether you want to buy an established home or work with home builders to create a custom home. Consider your lifestyle needs, budget, and the location’s potential for growth, especially within the Perth metropolitan area. A knowledgeable first home buyer broker can help ensure your loan is structured correctly for your long-term plans. With years of experience and in-depth knowledge of the Perth property Perth Property Investment Loans market, our settlement agents will work closely with you to tailor a settlement process that meets your specific needs and requirements.

Specific home loan assistance is also available for sole parents trying to retain the family home, people living with a disability that affects housing needs, and Aboriginal applicants. Product information, such as interest rates, fees and charges, is subject to change without notice. Before acting on any information, you should confirm the relevant product information with the lender. The information on this page is general in nature and has been prepared without considering your objectives, financial situation or needs. You should consider whether the information provided and the nature of any home loan product is suitable for you and seek independent financial advice if necessary.
From the price of the land to the finishing touches in your new home, everything is laid out clearly. Finally, our team of experts are here to guide you every step of the way. From understanding the fine print to assisting you in securing a home loan, we’ll be by your side every step of the way. First-time home buyer loans, grants and programs can make the path to homeownership more affordable than you might expect.
Purchasing a property through Housing and Works is available to eligible participants in programs supported by the Fund. For more information, visit the North-West Aboriginal Housing Fund webpage. Upon receipt of your finance approval, settlement of the sale will follow within 30 days.

Mr Eslake said the government had itself conceded the modified scheme would put upward pressure on house prices, of about half-a-percentage point over a five-year period. The scheme, which lets buyers purchase a first home with as little as a 5 per cent deposit, will have its income limits abolished and price caps dramatically hiked to more than $1 million in some cities. For many first-home buyers, especially those struggling to save a 20% deposit while rents remain high, this could open the door to homeownership sooner. The Australian Government has announced a major expansion of the Home Guarantee Scheme, fast-tracked to start on 1 October 2025. For Western Australians, this could mean new opportunities to enter the market with a lower deposit — but experts are also warning it may push property prices higher.
According to Mansour, you’ll still need to show some genuine savings, like a 5% deposit, even if you have a guarantor supporting your loan. Products shown are based on an owner occupier who is taking out a $500,000 loan, with principal and interest repayments and an LVR of at least 80%. Products are sorted by lowest interest rate, then lowest comparison rate. Many first home buyers purchase with as little as 5%, and in some cases less through programs like Keystart, depending on eligibility. The grant depends on the type of property that you are purchasing and the grants vary across states and territories.

Eligibility will depend on both lender requirements and any government schemes you apply for. Lenders Mortgage Insurance (LMI) protects the lender if you default on the loan. It applies when your deposit is less than 20% of the property’s value.
Very professional and finds the best services to suit each loan, and is there every year to review it for you. This is the second time Whiteroom Finance helped us in securing finance. He is easy to communicate to, explains in simple English and  is very proactive. We have no idea of the processes involved and Kurtis has been more than willing to spare valuable time in guiding us. Whiteroom Finance is a customer-centric finance broking firm where no one is a number, and everyone is a valued client.
Many first home buyers opt to build a new home, as this often makes them eligible for government cash grants. For some, buying a home with a smaller deposit allows them earlier entry into the property market despite increasing the overall cost of borrowing. You’ll need to consider your financial situation and whether paying LMI makes sense for you in terms of affordability and your long-term goals. First home buyers were traditionally told to save a 20% deposit to avoid LMI. For the average mortgage in Australia, this would mean saving around $110,000. However, as Australia’s house prices continue to soar, saving 20% of a property’s value is becoming harder for many prospective first home buyers.

For investors who bought well, structured conservatively, and have equity to work with, the current environment is more a test of patience than a genuine threat to their long-term position. Property markets kept rising through 2022 and 2023 when the RBA delivered 13 consecutive rate rises. CBA, NAB and ANZ all expect the RBA to leave the cash rate unchanged for the rest of this year and for rates to fall in 2027. All four major banks passed on the full 25 basis points from the May decision to existing variable-rate customers within days of the announcement. If anything, this is a reminder of why I've always said the investor mindset matters more than the investment.
It also includes all the essentials like flooring, cabinetry, appliances, and fixtures, so your home is move-in ready. Our packages are all-inclusive, meaning the price includes the land, the house, and the finishing touches, with no hidden surprises. Always check independent platforms like Product Review to ensure your builder has a reputation for delivering quality without compromise.  Be wary of packages that look “too good to be true”—often, these hide essential costs like siteworks, which can blow out your budget later.

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.
First, you need to advise us if you think you're eligible for the FHOG. Then, once you're at your pre-approval stage, you'll receive a FHOG application from your broker or your Keystart Home Loan Specialist. Once her home reaches the first invoice stage, the Office of State Revenue pays the FHOG funds directly to Keystart. There are benefits to buying an established home too - you may find it useful to read our guide to building or buying an existing home.