First Home
Buyers Perth
Grants, the 5% Deposit Scheme and stamp duty savings — we line up every dollar you're entitled to and walk you to the keys.
$0
Stamp duty under $600k
WA Government · from 7 May 2026
Is this you?
You're saving hard but the deposit target keeps moving.
You keep hearing about grants and schemes but no one's told you plainly what you qualify for.
You're nervous about doing this for the first time and want someone in your corner.
You've seen a home you love and need to move fast with confidence.
Sound familiar? A free 15-minute chat is the fastest way to see your options — book one here.
How TAG helps first home buyers
Every grant and scheme, claimed
The $10,000 First Home Owner Grant, no stamp duty under $600,000, and the 5% Deposit Scheme with no LMI — we check your eligibility for all of them and build them into your plan.
A real budget, not a guess
We calculate what you can genuinely borrow and repay comfortably — before you fall in love with a home.
Hand-holding the whole way
First offer, building inspection, finance clause, settlement day — you'll always know what happens next and what we're doing about it.
Low-deposit paths that work
5% with no LMI through the Federal scheme, 2% through Keystart or the Family Home Guarantee, or a parent guarantee with no deposit at all. We find your fastest safe route in.
TAG Finance specialises in helping Perth first home buyers understand every grant and concession available, structure their finance correctly from the outset, and navigate the process with confidence. The First Home Owner Grant applies to new homes valued up to $800,000. Full stamp duty exemption applies under $600,000. The Federal 5% Deposit Scheme allows eligible buyers to purchase with 5% deposit and no LMI. 2% deposit via Family Home Guarantee, an Australian Government initiative for eligible single parents and legal guardians. WA Keystart accepts deposits from 2%. Our brokers have guided hundreds of Perth first home buyers from consultation to keys.
Types Available
5% Deposit Scheme
Federal Government. 5% deposit, zero LMI. No income caps, unlimited places.
WA Keystart
State Government-backed from 2% deposit. Designed as a stepping-stone to mainstream lending.
Family Guarantee
Parent uses home equity to guarantee — no deposit, no LMI required.
Low Deposit Standard Loan
5–10% deposit with most mainstream lenders. LMI applies but can be capitalised into the loan.
Your path to the keys
Chat
Free 15 minutes on your savings, income and the areas you're looking at.
Plan
We confirm your grants, scheme eligibility and true budget, then get you pre-approved.
Buy
You house-hunt with confidence. We handle the finance clause and lender deadlines.
Settle
We coordinate settlement and you get the keys. We keep watching your rate after.
Run your numbers
Include base salary, regular overtime and allowances. Exclude bonuses unless guaranteed.
Lenders typically count about 80% of rental and investment income.
Using a household benchmark estimate ($2,260/mo) based on your income and dependants — drag to override.
Car loans, personal loans, HECS/HELP. Not your current home loan (if refinancing).
Lenders assume 3.8% of your total limit as a monthly commitment — regardless of balance.
Assessed at 8.89% — your rate plus the 3% serviceability buffer lenders must apply.
Estimated Borrowing Power
$633,000
- Repayment at 5.89%
- $3,751/mo
- Indicative property budget
- $790,000
Property budget assumes roughly a 20% deposit on top of this loan. Lenders vary by tens of thousands on the same application — a broker comparison across 25+ lenders finds your true maximum.
Estimate only — not a formal assessment or loan offer. Results use simplified assumptions; your actual position depends on your full circumstances. Speak to a TAG broker for a free, personalised assessment.
Grants and schemes for WA first home buyers, in plain English
The First Home Owner Grant (FHOG) is $10,000 from the WA Government when you buy or build a new home valued up to $800,000 in Perth. It doesn't apply to established homes — but stamp duty relief does.
Stamp duty (transfer duty) is the state tax on buying property. Since 7 May 2026, eligible WA first home buyers pay none on homes up to $600,000, with a discounted rate up to $800,000. On a $600,000 home that's roughly $22,500 you keep.
The Australian Government's 5% Deposit Scheme lets you buy with a 5% deposit and no LMI (the insurance premium lenders normally charge low-deposit borrowers). Since October 2025 there are no income caps and unlimited places, with a Perth price cap of $850,000.
Proof, not promises
Hundreds of WA first home buyers helped into their first home.
“Paul, Alice and Tin have worked minor miracles to help us into our first home. Incredibly grateful for the expertise, effort and care that TAG has.”
“Paul and Tin have been incredible throughout the entire process of getting our first home and loan approval! Could not recommend them more highly!”
Common Questions
What grants can first home buyers get in WA in 2026?
Three main supports: the $10,000 First Home Owner Grant for new homes (Perth cap $800,000), no stamp duty on homes up to $600,000 (discounted to $800,000), and the Federal 5% Deposit Scheme — 5% deposit, no LMI, Perth cap $850,000. Many buyers qualify for more than one.
How much deposit do I actually need for my first home?
As little as 5% of the purchase price under the 5% Deposit Scheme — that's $30,000 on a $600,000 home, plus roughly $2,000–$3,000 in settlement costs, with no stamp duty and no LMI. Keystart and the Family Home Guarantee can lower it to 2% for eligible buyers.
Am I eligible for the First Home Owner Grant?
Broadly: you're 18+, an Australian citizen or permanent resident, you've never owned a home in Australia, you're buying or building a NEW home up to $800,000 in Perth, and you'll live in it for at least six months within the first year. We confirm your eligibility for free before you commit to anything.
Is stamp duty really free for first home buyers in WA?
Yes — on homes up to $600,000. Eligible WA first home buyers pay no transfer duty at all up to that price, and a discounted rate between $600,000 and $800,000, under changes effective 7 May 2026. Vacant land is exempt up to $450,000.
What is LMI and how do I avoid it?
Lenders Mortgage Insurance is a one-off premium — often $10,000+ — that protects the lender when your deposit is under 20%. You avoid it with a 20% deposit, the 5% Deposit Scheme, a family guarantee, or certain professional packages. We'll show you which route is cheapest for you.
Should I buy an established home or build?
Building unlocks the $10,000 FHOG and you pay stamp duty only on the land; established homes let you move sooner and buy in older suburbs. The right answer depends on your timeline, suburb and budget — we'll run both scenarios side by side for you, free.
How long does the whole first-home process take?
Typically 6–10 weeks from pre-approval to keys for an established home: 1–3 days for pre-approval, a few weeks of house-hunting (that part's up to you), then about four weeks from signed offer to settlement. Building takes longer — we map the timeline with you up front.
Find out what you qualify for
Free eligibility check across every grant and scheme — before you commit to anything.
The information on this page is general in nature and doesn’t take into account your objectives, financial situation or needs. Consider whether it’s appropriate for your circumstances before acting on it. TAG Financial Group — Transact Holdings 1 Pty. Ltd., Australian Credit Licence 405647. Our Credit Guide explains how we’re paid and how we work for you.