Book an Appointment

Perth Related

First Home Owners Grant WA

The Western Australian First Home Owners Grant (FHOG) is a one-off government payment available to eligible first home buyers.

In addition to the FHOG, eligible buyers may also qualify for the First Home Owner Rate of Duty (FHOR) — a concessional rate of Transfer Duty (Stamp Duty) that can significantly reduce upfront costs.

At Wealth Plus Lending, we help first-time buyers understand eligibility and guide you through the grant and application process.

Buying or Building a New Home

Eligible first home buyers purchasing or building a new home may apply for a grant of up to $10,000. This includes:

  1. Purchasing a newly constructed home
  2. Purchasing a home off the plan
  3. Building a new home
  4. Owner-builder constructions

First Home Owners Grant Eligibility

To qualify for the FHOG, you (and any co-applicants) must meet these requirements:

  1. Be at least 18 years of age at the time of application.
  2. At least one applicant must be an Australian citizen or permanent resident when applying.
  3. Each applicant must be a natural person — not a company or trust.
  4. You (and your spouse or partner) must not have previously received a FHOG or FHOR in Australia.
  5. You (and your spouse or partner) must not have owned residential property in Australia before 1 July 2000, nor owned and occupied property after that date subject to specific criteria.
  6. You must occupy the home as your principal place of residence for a continuous period of at least six months within 12 months of completion.

Property Value Limits

To remain eligible for the FHOG (and the FHOR concession), the total value of your home must not exceed:

  • $750,000 — if the property is located south of the 26th parallel
  • $1,000,000 — if located north of the 26th parallel

Note: Perth and most of southern WA fall below the 26th parallel.

Need Help Navigating the FHOG?

Understanding government grants and duty concessions can feel overwhelming — especially while navigating the home loan process.

We can help you:

  1. Confirm whether you may be eligible
  2. Structure your loan correctly
  3. Ensure timing requirements are met
  4. Guide you through the application process

Ready to Take the First Step?

If you’re considering buying or building your first home in WA, speak with the team at Wealth Plus Lending today.

WA First Home Owners Reduced Rate of Stamp Duty (FHOR)

When buying a home in Western Australia, if you are eligible for the First Home Owners Grant (FHOG), you may also qualify for the First Home Owners Reduced Rate (FHOR) of Stamp Duty depending on the value and location of your property.

At Wealth Plus Lending, we help first home buyers in WA navigate both the FHOG and FHOR, reducing upfront costs and making your first home more affordable.

How Wealth Plus Lending Can Help

Navigating government grants, concessional rates, and home loans can be complex. Our team will:

  1. Check your eligibility for FHOG and FHOR.
  2. Calculate potential savings on Stamp Duty based on your property value and location.
  3. Structure your loan to maximise eligibility for grants and concessions.
  4. Guide you through the application process, ensuring all timing and compliance requirements are met.
  5. Answer your questions about the WA First Home Owners schemes and your lending options.

We act as your long-term lending partner, ensuring you make the most of every opportunity to reduce upfront costs and set yourself up for financial success.

Australian Government 5% Deposit Scheme (WA)

The Home Guarantee Scheme — commonly called the Australian Government 5% Deposit Scheme — helps aspiring home buyers, including first home buyers and eligible single parents, enter the property market with a smaller deposit.

Key benefits of the scheme:

  • First home buyers can purchase a home with a minimum 5% deposit.
  • Eligible single parents can purchase with a minimum 2% deposit.
  • You avoid Lenders Mortgage Insurance (LMI) because the government provides a guarantee to participating lenders.

This dramatically reduces upfront costs and helps you buy your first home sooner.

WA Price Caps (from 1 October 2025)

To be eligible, the purchase price and property value must be at or below the price cap for your location:

  • Perth / WA Capital City: Up to $850,000
  • Regional WA: Up to $600,000

For house and land packages or vacant land with a separate build contract, the total land + build cost must also be under the cap.

Who Is Eligible?

To access the Scheme, you must meet all standard eligibility requirements:

  1. Be an Australian citizen or permanent resident, aged 18 years or older.
  2. Have saved the required minimum deposit:
    • 5% for first home buyers
    • 2% for eligible single parents
  3. First home buyers must not have owned property in Australia in the last 10 years.
  4. Single parents must not own residential property at settlement.
  5. Purchase a home for owner-occupation only (investment properties are not eligible).
  6. Apply for a principal & interest home loan with a participating lender.
  7. Apply as a single applicant or with one co-applicant (maximum two borrowers).

 

Eligible Property Types

The Scheme applies to residential properties only, including:

  • Existing homes (house, townhouse, apartment)
  • House and land packages
  • Vacant land with a separate build contract
  • Off-the-plan apartments or townhouses

Both the contract price and property value must be at or below the relevant price cap.

How Wealth Plus Lending Can Help — WA Focus

At Wealth Plus Lending, we specialise in helping buyers in Western Australia access the 5% Deposit Scheme and maximise your home buying power:

  1. WA Price Cap 
  • Advise which price cap applies to your target suburb (Perth vs regional WA)
  • Estimate how your deposit compares with the cap and how much you may need to save
  1. Loan & Scheme Application Support
  • Check your eligibility for the 5% Deposit Scheme (first home buyers & single parents)
  • Structure your home loan to meet Scheme and lender requirements
  • Liaise with participating lenders to secure finance (e.g., NAB and others)
  • Submit your Scheme application on your behalf to avoid errors or delays
  1. Combined Concessions & Grants
  • Assess opportunities to combine the 5% Deposit Scheme with FHOG, FHOR Stamp Duty concessions, and other WA-specific benefits
  • Provide a whole-of-finance plan tailored to your goals — not just a loan
  1. Long-Term Guidance
  • Help budget for other upfront costs (conveyancing, inspections, stamp duty, insurance, etc.)
  • Provide ongoing support throughout settlement and beyond

 

Take the Next Step

The 5% Deposit Scheme in WA can help you buy your first home sooner, reduce upfront costs, and avoid LMI.

Contact Wealth Plus Lending today to explore your options and receive expert guidance every step of the way.