What grants are available for WA first home buyers?
The First Home Owner Grant (FHOG) is available for eligible buyers purchasing or building a new home in WA valued up to $750,000. This is a cash payment — not a loan — paid at settlement.
WA Stamp Duty Concessions: Full exemption for properties under $600,000. Partial concession available above $600,000. On a $400,000 first home, this saves approximately $13,000.
The Federal 5% Deposit Scheme allows eligible first home buyers to purchase with just 5% deposit without paying Lenders Mortgage Insurance. No income caps, unlimited places.
WA Keystart accepts deposits from 2% for eligible WA residents. Designed as a stepping-stone to mainstream lending.
How much do you actually need to save?
For a $600,000 Perth property using the 5% Deposit Scheme: minimum $25,000 deposit plus approximately $2,000–$3,000 in settlement costs. With stamp duty exemption (under $600,000), total minimum cash can be as low as $27,000–$30,000. TAG Finance provides a personalised cost breakdown at your free consultation.