Australia offers a variety of schemes and grants to support first home buyers in their journey to homeownership. Here, we’ll dive into the main grants available to first home buyers in WA.

Let’s start by clarifying who qualifies for these grants. A first home buyer is defined as an individual or couple, over the age of 18, purchasing their first residential home in Australia. Not sure if you meet the criteria?  It’s always a good idea to consult with your financial advisor, mortgage broker, or settlement agent for guidance.

Now, let’s explore the exciting grants that can make your dream of owning a WA home a reality.

Assistance available from the Federal Government:

  1. First Home Guarantee – The First Home Guarantee is a nationwide program available to Australian citizens. It provides a unique opportunity for eligible buyers to skip Lenders Mortgage Insurance (LMI), which is typically required for deposits under 20%. Instead, this scheme allows purchasers to secure their first home with as little as a 5% deposit. Find out more here.
  2. First Home Super Saver Scheme – This scheme helps you save money for your first home within your super fund. By making voluntary contributions, you can gradually build your savings. Once you meet the eligibility requirements, you can have these contributions released, along with associated earnings, to assist with your first home purchase. Read on here to find out more.