First Home Buyer Loans Perth Grants & Guidance

Anyone buying their first home in WA with a 5% deposit can apply, regardless of income level. Earlier versions of the scheme had strict income limits and only a set number of places each year. Previously, many Perth homes were out of reach because the caps were too low. With this increase, a much larger share of Perth properties qualify, giving first-home buyers more choice in suburbs and house types. By visiting our website, you acknowledge that we may collect information about your visit to help make your experience better and improve our services.
At the same time, the strong absorption of new listings Perth Property Investment Loans for sale has kept total listings in the market suppressed, intensifying competition between buyers. The investors who will feel this most are those who are highly leveraged with little buffer, and first home buyers at the outer edge of their borrowing capacity. Three hikes in quick succession means a single-income buyer at average wages has lost roughly $36,000 in borrowing power since the start of 2026, and a dual-income couple has lost around $72,000. Each 25 basis point rate rise reduces the maximum borrowing capacity of an average income earner by around $12,000. I mean buying quality properties in locations that will outperform in the long term such as gentrifying suburbs.

Our experts are aware of LMI approval criteria and pricing of different lenders, so we can provide you with an accurate and competitive assessment. Your current bank can only offer its set LMI premiums, interest rates and loan products. Entry-level homes continue to experience the highest rate of capital growth, though premium properties are still recording increases that far surpass national averages.
Additionally, first home buyers may be eligible for various West Australian State Government grants, which can make the process even more affordable. House and land packages offer numerous benefits, such as a simplified buying process, potential savings on stamp duty, and the ability to move into the perfect house tailored to your preferences. Additionally, our packages are all-inclusive, meaning you won’t have to worry about coordinating with multiple parties or unexpected costs. In Western Australia, you only pay stamp duty on the land portion of your house and land package, not the house itself.
From down payment assistance to special loan programs with flexible terms, numerous resources are available to help first-time buyers make their dream of homeownership a reality. Money.com.au’s Home Loans expert Debbie Hays said developers sometimes increase their prices to meet the increased demand for new builds driven by applications of cash grants. This can create a gap between the price of the property and the lender's valuation, potentially affecting your home loan application. Typically, you need a 20 per cent deposit to buy a house, otherwise buyers are required to purchase lenders' mortgage insurance, which can add thousands onto the cost of buying a home. The practice advises and assists on up to and including car loans and right choices in investment property. Its team comprises of some of the most experienced mortgage brokers in the area.

Perth, Brisbane and Adelaide prices would still rise under this scenario — just at a slower rate compared to 2024. The second scenario assumes no rate cut at all next year, continued strong population growth, and steady inflation. If that happens, SQM expects an immediate increase in consumer sentiment, which would stimulate buyer demand and help stabilise price falls in Sydney and Melbourne.
Under the 5% Deposit Scheme, the federal government guarantees up to 15% of the property’s value. In the lender’s eyes, that takes your effective deposit to 20%, so the LMI requirement is waived entirely. When a property is available for sale, its market value will be determined. Any capital improvements you have made that have increased the market value, such as a kitchen renovation, the addition of a patio or carport, or other items from the approved list will be counted. The purchase price will be the market value less the amount allowed for improvements.

Contact us and enquire how we can make your dream a reality sooner than what you could have imagined or ever possible. Obviously, this analysis hasn’t factored in a second, or possibly even a third, rate hike this year, which would lift mortgage stress back towards its recent peak in mid-2024. Through the scheme, you make voluntary contributions of money into your super fund. You then ask for these funds when you’re ready to buy your first home.
Whether you’re looking for a first home buyer home loan or evaluating options with the best mortgage broker for first time buyers, our team supports every step. Consult with financial advisors or mortgage brokers to understand your borrowing capacity and the best home loan options for your situation. Partnering with a broker for first home buyers provides clarity when  comparing lenders, loan features, and first-time buyer incentives.
Welcome to Zanda Wealth Mortgage Brokers, your gateway to homeownership in Perth, Western Australia. We specialise in guiding first home buyers through the complexities of the mortgage process, ensuring a smooth transition to owning your first home. With expert knowledge of local market conditions and government incentives, we’re committed to finding you the best first home buyers loan Perth options to suit your needs. As a mortgage broker for first home buyers, our goal is to provide clarity, confidence, and personalised support from the start. This HUD-certified nonprofit helps first-time home buyers obtain a low-rate mortgage without a down payment, closing costs, or mortgage insurance.

The 50% CGT discount will be replaced by cost base indexation and a 30% minimum tax on capital gains from 1 July 2027, for assets other than new builds. If your circumstances change after you take out the loan you should speak to your lender about your changed circumstances. Melbourne’s return to positive interstate migration is a major signal for the housing market. With vacancy rates still among the lowest and incomes rising, rental competition stays fierce. Sydney and Melbourne, always the most rate-sensitive markets, will react quickest and strongest, as they’ve done in every easing cycle since the mid-1990s. Domain estimates this stimulus alone could lift prices 3.5% to 6.6% in the first year, equivalent to 125 basis points worth of rate cuts.
Housing Australia, which administers the scheme, said the guarantee protects the lender, not the home buyer, and is “not a cash payment”. “The median home price in Australia today is $844,000 and 5 per cent of that is $42,200. The last time $42,200 covered the 20 per cent deposit for a median home was 2002, which shows the generational scale of this change,” the government said in August. “It’s just not right that an entire generation of young Australians have been locked out of the housing market, saving for decades while paying off someone else’s mortgage,” Housing Minister Clare O’Neil said. From October 1, price caps will also be pushed up to $1m in some cities, and the scheme will do away with income limits. First homebuyers will be able to purchase a property with a deposit of just 5 per cent from Wednesday, when Australia’s expanded Home Guarantee Scheme takes effect.

These can significantly reduce the cost of purchasing or building your first home in Western Australia. Understanding these with the help of a first home buyer broker ensures you don’t miss out on valuable government support. Before diving into the property market, first home buyers should evaluate their financial stability and readiness.
This commission can be an upfront payment, usually around 0.65% – 0.70% + GST of the loan amount, and sometimes an ongoing trail commission of approximately 0.1% to 0.3% annually. The team at Strategic Mortgages Perth are some of Perth’s most sought-after mortgage brokers in WA. A division of Strategic Property Group, and supported by Strategic Settlements, Strategic Mortgages Perth is WA’s only full-service Mortgage Broking firm. The right strategy is not always about winning the property at any cost. It is about buying the right property at a price and repayment level that supports long-term financial stability. In March 2026, the RBA reported average new owner-occupier housing loan rates at 5.91%, with new owner-occupier principal-and-interest loans averaging 5.85%.