The solution for first home buyers in Western Australia
Buying your first home in Western Australia is an exciting milestone, and the First Home Buyer Grant WA can significantly ease the financial burden. At Lime Mortgage Brokers, we understand the intricacies of the FHOG and are here to guide you through the process, ensuring you maximise this valuable opportunity.
The First Home Owner Grant (FHOG) WA is a scheme designed to help first home buyers purchase their first home in Western Australia.
It offers a cash grant of $10,000 to eligible first home buyers who purchase or build a new home valued at $750,000 or less (or $1,000,000 or less if the home is located north of the 26th parallel).
The First Home Owner Grant (FHOG) also offers stamp duty concessions to eligible first home buyers, depending on the value of the property they are purchasing. The stamp duty concession is available for established homes, new homes and construction of an owner occupied home.
Cash Grant Currently the cash grant is $0 for first home buyers purchasing an established home and $10,000 for first home buyers purchasing or building a new home. The grant is only payable where the value of properties is $750,000 or less, or if the home is located north of the 26th parallel to $1,000,000 or less.
For first home buyers purchasing established homes you may be entitled to pay $0 stamp duty on purchases of $450,000 or less.
If you buy between $450,000 and $600,000 you will pay $15.01 per $100 or part of $100 above $450,000.
Purchases over $600,000 attract stamp duty at normal rates.For first home buyers building a home you may be entitled to pay $0 stamp duty on land purchases of $300,000 or less. If your land value is between $300,000 and $400,000 you will pay $13.01 per $100 or part of $100 above $300,000. Purchases of vacant land over $400,000 will attract stamp duty at normal rates.
The first home buyer grant WA is a great way to save money on the purchase of your first home in Western Australia. If you are a first home buyer and you are thinking about purchasing or building a new home, I encourage you to learn more about the FHOG scheme and see if you are eligible.To find out if you qualify for the FHOG scheme, contact us and we can help you through the application process.
The FHOG is a one-off payment designed to assist first-home buyers purchasing or building a new home in Western Australia. A “new home” includes newly constructed dwellings or properties that have undergone a substantial renovation.
To be eligible for the FHOG in WA, you must meet certain criteria:
Collect necessary documents, including proof of identity, purchase contract, and building contract (if applicable).
Obtain the FHOG application form from the Department of Finance or your lending institution.
Submit the completed application with all required documents.
The Department of Finance will assess your application.
The FHOG WA offers $10,000 for eligible first-time homebuyers building or buying a brand new home in Western Australia. For Perth metro (south of the 26th parallel), the home value must be under $750,000. North of the 26th parallel, the limit increases to $1 million. The grant is not available for established homes, but stamp duty savings may still apply.
WA first home buyers purchasing an established home valued at $400,000 or less may be eligible for a $2,000 HBAA grant. This reimburses costs like legal fees, inspections, and loan establishment fees. The property must be purchased through a licensed real estate agent and cannot be vacant land.
To qualify for the FHOG WA, you must be at least 18 (with exceptions), a first-time applicant (including your spouse/partner), and an Australian citizen or permanent resident. You must intend to live in the newly built home for at least 6 months within the first year. Previous property ownership in Australia can disqualify you depending on the dates and occupancy.
Securing your FHOG WA is a breeze! Our Lime Mortgage Brokers will navigate the application process for you. Simply fill out the form below and a Perth mortgage broker will connect with you soon.
Lime Mortgage Brokers can help you secure the First Home Owner Grant (FHOG) WA! Our experienced brokers will assess your eligibility, guide you through the application process, and ensure you have all the necessary documents for a smooth experience. Don’t miss out on this valuable financial boost for your homeownership journey. Contact Lime Mortgage Brokers today for a free consultation!
The FHOG in WA applies only to newly built homes or homes that are being built. It does not apply to established (previously lived-in) homes.
Yes, many lenders will allow the FHOG to be used toward your deposit. However, it’s important to check with your mortgage broker or lender to see how they treat the grant during the application process.
Yes, to be eligible, you must live in the home as your principal place of residence for a continuous period of at least 6 months within the first 12 months of settlement or completion of construction.
If you’re applying through a lender, the grant is usually paid at settlement for a newly built home or at the first progress payment for a home under construction. If you apply directly through Revenue WA, processing may take longer—usually up to 4–6 weeks.
You may still be eligible, but both applicants must meet the criteria. If one applicant has owned property in Australia before, the grant will typically not be available.
Yes. To be eligible, the total value of the home and land must not exceed $750,000 south of the 26th parallel (most of WA), or $1,000,000 north of it.
Let us help you!
The First Home Owner Grant (FHOG) is a scheme designed to help first home buyers purchase their first home in Western Australia.
It offers a cash grant of $10,000 to eligible first home buyers who purchase or build a new home valued at $750,000 or less (or $1,000,000 or less if the home is located north of the 26th parallel).
The First Home Owner Grant (FHOG) also offers stamp duty concessions to eligible first home buyers, depending on the value of the property they are purchasing.
Earn as much as $250 in vouchers of your choice when you refer a friend to Lime Mortgage Brokers