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:
Australian Government 5% Deposit Scheme – The Australian Government 5% Deposit Scheme helps eligible first home buyers purchase a home with as little as a 5% deposit, without paying Lenders Mortgage Insurance (LMI). Under the scheme, the Government guarantees up to 15% of the property’s value, allowing eligible buyers to enter the market sooner.
From 1 October 2025, the scheme was expanded to remove key restrictions, making it accessible to more first home buyers. Changes include unlimited places, no income caps, and higher property price limits. In Western Australia, the property price cap has increased to $850,000 for metropolitan areas (and $600,000 for regional areas), giving buyers greater choice when purchasing their first home.
Find out more here.
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.
Help available from the WA Government
In addition to federal support, states and territories across Australia offer further assistance to help you access your dream home quicker. Discover a breakdown of available grants specifically for first home buyers in Western Australia below.
WA First Home Owner Grant – The First Home Owner Grant (FHOG) is a valuable opportunity for first home buyers. By providing a one-time payment of $10,000, it offers significant financial assistance in purchasing or constructing their first residential property. This grant is exclusively designed to help you acquire your primary place of residence.
First Home Buyers Assistance – This grant offers eligible applicants up to $2,000 to cover incidental expenses related to purchasing a new home. These expenses can include mortgage registration fees, conveyancing fees, as well as inspection or valuation fees. It’s important to note that this grant is specifically designed for residential properties with a price cap of $500,000
Stamp Duty Rebate – In WA, eligible first home buyers may pay no stamp duty on homes valued up to $500,000, with a concessional (reduced) rate applying to homes priced between $500,000 and $700,000 in metropolitan areas. For vacant land, stamp duty is fully exempt on values up to $350,000, with concessional rates applied to land valued between $350,000 and $450,000. These rebates can deliver significant upfront savings at settlement, helping first home buyers put more money towards their deposit, moving costs, or future mortgage repayments.
Keystart – Western Australians also have the benefit of Keystart, which provides low deposit home loans without the need for LMI. Typical industry requirements dictate a minimum deposit of around 5%, but with Keystart, you can secure a loan with just a 2% deposit. Moreover, Keystart offers reduced loan repayments during the construction of your new home. To explore your options further, we highly recommend reaching out to a knowledgeable Keystart representative to discuss the current policy offerings and conditions.