Buying your first home in Western Australia is exciting – and far simpler once you understand the grants, deposits and steps involved.
This complete guide walks you through everything: the $10,000 First Home Owner Grant, stamp duty savings of up to $17,765, low-deposit options like Keystart and the federal 5% scheme, and how to get approved.
As your local Perth broker, The Finance Yogi guides first home buyers across Wanneroo, Joondalup and Hillarys from first chat to the keys in your hand.
There has never been more help for WA first home buyers. The state’s $10,000 grant rewards new builds, generous stamp-duty concessions cut your upfront costs, and low-deposit schemes let you buy years sooner than saving a full 20% would allow.
The trick is combining them correctly for your situation. Each has its own eligibility, caps and quirks, and getting the structure right can save you thousands and get you approved faster.
This guide brings it all together, then points you to the detail on each topic.
First home buying feels overwhelming because the help is scattered across different schemes and agencies.
We bring it into one plan, check what you qualify for, and handle the finance, so you can focus on finding the right home.
Not every buyer qualifies for every scheme, and some can be combined while others cannot. We map exactly which apply to you.
Start with the detail in our First Home Owner Grant WA guide and our stamp duty guide.
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After 10 years inside the Big Four banks, I saw how many Perth families missed out or borrowed with the wrong lender. The Finance Yogi exists to change that - we compare the whole market and explain every number in plain English.
The benchmark is 20% to avoid Lenders Mortgage Insurance, but most first buyers get in with far less. Keystart allows as little as 2% with no LMI, and the federal First Home Guarantee allows 5% with no LMI.
Grants and gifts can also count towards your deposit, and a family guarantee can let you borrow with little or no deposit of your own.
Work out your number: our full breakdown is in how much deposit you need for a house in WA, or estimate repayments with the home loan repayment calculator.
New homes unlock the $10,000 grant and, for investors, stronger tax benefits, but take longer to move into. Established homes are faster and still qualify for the stamp-duty concession, though not the grant.
The right choice depends on your timeline, budget and whether you want to customise or move in straight away.
We weigh both with you. For the full comparison, see our building vs buying in Perth guide, then explore options on our first home buyer mortgage broker Perth page.
Buying your first home follows a clear path, and we are beside you at every step. We start with a free chat about your goals, confirm what you qualify for, and secure pre-approval so you know your budget.
Then you shop with confidence, make an offer, and we manage the loan, grant and settlement through to handover.
From first chat to keys, we handle the finance so you do not have to. Browse everything we offer on our finance services page, or get started with a free consultation.
Book a free, no-obligation chat and we will map your grants, deposit and pre-approval in one go.
Source: the WA Government for grants and duty, Keystart for low-deposit loans, and ASIC MoneySmart for buying guidance. Confirm current figures before you apply.
