Buying your first home in Western Australia is an exciting step, but it can also feel overwhelming. The good news? First-home buyer grants in WA for 2025 can make the process more affordable.
Here’s your ultimate guide to understanding these grants, eligibility criteria, and how to apply.
What is the first-home owner grant (FHOG) in WA?
The First-Home Owner Grant (FHOG) is a one-off payment of $10,000 offered by the WA government to eligible first-home buyers.
It’s designed to help new homeowners with the purchase or construction of their first property. This grant applies to:
- Newly built homes: Homes that have never been occupied or sold as residential premises before.
- Off-the-plan purchases: Contracts to purchase a new home that is yet to be constructed or is still under construction.
- Owner-built homes: Homes built by the owner or under a building contract for residential purposes.
Unfortunately, the FHOG does not apply to established homes unless they are substantially renovated, which means the renovations must make the home essentially new.
Eligibility criteria for the first-home owner grant in WA
To qualify for the FHOG in WA in 2025, you must meet all of the following requirements by the WA govt:
- First-time homeownership: Neither you nor your spouse (if applicable) can have previously owned a home in Australia. This includes properties that have been owned jointly or as an individual.
- Eligible property type: The grant is available exclusively for new homes, off-the-plan purchases, or substantially renovated properties. Established homes do not qualify unless they meet the substantial renovation criteria.
- Value cap: The property’s value, including the land, must not exceed $750,000 south of the 26th parallel or $1,000,000 north of it. This ensures the grant is targeted toward affordable housing.
- Residency requirement: You must live in the property as your principal place of residence for at least six consecutive months, starting within 12 months of the settlement or construction completion.
- Citizenship or residency: At least one applicant must be an Australian citizen or permanent resident.
Failure to meet these criteria could result in disqualification or repayment of the grant, so it’s essential to ensure you’re eligible before applying.
Additional benefits for first-home buyers in WA
First-home buyers in WA are not limited to the FHOG—there are additional schemes and perks that can further reduce the cost of purchasing your first home:
1. Stamp duty concessions
Transfer duty (commonly referred to as stamp duty) is one of the largest upfront costs when buying a property. WA offers significant concessions for first-home buyers:
- Full exemption: No stamp duty is payable for homes valued at $430,000 or less.
- Discounted rates: Properties valued between $430,001 and $530,000 are eligible for reduced stamp duty rates.
These concessions can save you thousands, so be sure to factor this into your budgeting.
2. Keystart loans
Keystart is a unique initiative in WA that provides low-deposit home loans to eligible first-home buyers. Key features include:
- Low deposit requirements: As little as 2% deposit.
- No LMI: Unlike conventional loans, Keystart loans don’t require lenders’ mortgage insurance, which can save thousands.
- Support for modest incomes: The program is specifically designed to help buyers who may not qualify for traditional loans.
Keystart loans are a great option if you’re struggling to save a large deposit or meet strict lender requirements.
3. Federal home guarantee scheme
The First Home Guarantee is a federal program that enables eligible first-home buyers to purchase a property with just a 5% deposit.
The government acts as a guarantor for the remaining 15% deposit, eliminating the need for LMI.
This scheme can be combined with the FHOG and stamp duty concessions for maximum benefit.
How to apply for the first-home owner grant in WA
Applying for the FHOG is a straightforward process, but accuracy is key to avoid delays. Here’s how you can apply:
- Through your lender: Most financial institutions can lodge your FHOG application when you apply for a home loan. This is often the easiest and quickest option.
- Direct application: If you’re not using a lender to apply, you can submit your application directly through the WA Department of Finance.
Required documents:
Ensure you have the following ready:
- Proof of identity (passport, driver’s license, etc.)
- A copy of the signed contract of sale or building contract
- Evidence of property value, if required
- Statutory declarations if applying as a couple
Double-check your application to avoid errors or omissions, which could delay processing.
Tips to maximize your first-home buyer benefits
- Look for eligible properties: Focus on new builds or off-the-plan homes that meet the grant’s criteria.
- Use a mortgage broker: They can guide you through the application process for grants and help you find the best loan options.
- Plan ahead: Rising property prices can impact your eligibility, so act sooner rather than later to secure a property within the value cap.
- Combine schemes: Pairing the FHOG with stamp duty concessions and federal schemes can significantly reduce your upfront costs.
FAQs about first-home buyer grants WA 2025
Q: Can I use the FHOG for an established home?
A: No, the FHOG is only available for new homes or properties that meet the substantial renovation criteria.
Q: Can I combine the FHOG with other grants or schemes?
A: Yes, the FHOG can be combined with stamp duty concessions, Keystart loans, and federal initiatives like the First Home Guarantee for additional financial support.
Q: What happens if I don’t meet the residency requirement?
A: If you fail to occupy the home for the required six-month period, you may need to repay the grant in full.
Taking the next step
Buying your first home is a major milestone, and we’re here to make it easier.
Get in touch with us, and we’ll connect you with a dedicated mortgage broker who will help you understand your options, apply for grants, and confidently take the next steps toward owning your dream home.
