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:

HBAA Grant Eligibility Requirements

To be eligible for the HBAA grant, applicants must:

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FAQs

What is the Home Buyers Assistance Account (HBAA)?

The HBAA is a government initiative designed to assist first-home buyers in Western Australia with the costs associated with purchasing an established or partially built home.

How much is the HBAA grant?

The grant provides up to $2,000 towards eligible expenses.

What types of expenses are covered by the HBAA?

Eligible expenses include mortgage registration fees, solicitor/conveyancing fees, valuation fees, inspection fees, establishment fees, mortgage insurance premiums, and lending institution fees.

What is the maximum purchase price of the property to be eligible for the HBAA?

he property must be valued at $400,000 or less.

Am I eligible for the HBAA if I am purchasing a new home?

No, the HBAA is only available for the purchase of established or partially built homes.

Can I use the HBAA grant towards the deposit for my home?

No, the grant is specifically for incidental expenses related to the home purchase.

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