Home Buyers Assistance Account

The home buyers assistance account (also known as the REBA grant) was established to provide first home buyers with financial support.

The scheme provides a grant of up to $2,000 for the incidental expenses of first home buyers when they purchase an established or partially built home through a licensed real estate agent for the purchase price of $400,000 or less.

The scheme is funded from interest paid on real estate agents' trust accounts. The grant can be used for - mortgage registration fees, solicitor and/or conveyancing fees, valuation fees, inspection fees, establishment fees, mortgage insurance premiums and lending institution fees associated with lodging the application.

What can the Home Buyers Assistance Account in WA be used for?

The HBAA grant can be used to reimburse some of the incidental expenses incurred when purchasing a first home, such as:

  • Mortgage registration fees

  • Solicitor or conveyancing fees

  • Valuation fees

  • Inspection fees

  • Establishment fees

  • Mortgage insurance premiums

  • Lending institution fees

HBAA Grant Eligibility Requirements

To be eligible for the HBAA grant, applicants must:

  • Be first home buyers

  • Be purchasing an established home in Western Australia valued at $400,000 or less

  • Intend to live in the home for at least the first 12 months

  • Have purchased the home through a licensed real estate agent

  • Lodge the application with the Department of Commerce no more than 90 days after the date that the offer and acceptance contract to buy the home is accepted

  • Have a home loan financed through a lending institution