First Home Buyers Grant WA

When it comes to buying your first home, it's an exciting, but scary time. There are many decisions to make such as where to buy, what home loan to choose and how much you can afford. But there are strategies you can implement to make it all much easier. First home buyers have access to several incentive programs designed to ease the transition into home ownership.

As a first home buyer in Western Australia you may be able to claim the government's First Home Owner's Grant (FHOG) as well as stamp duty concessions. These financial incentives are aimed at helping more Australian's into the property market, and hope to make owning a home more affordable.

The grant of $7,000 is available to first home buyers purchasing a property valued at up to $750,000 below the 26th parallel and $1,000,000 above the 26th parallel.

There are also stamp duty concessions. First home owners in WA do not pay stamp duty on properties up to the value of $500,000 and properties valued between $500,000 to $600,000 attract a concessional rate.

In addition a grant of up to $2000 may be available from the Real Estate & Business Agents Supervisory Board to assist with costs for purchases of up to $400,000.

As well as these financial incentives, engaging the services of a good mortgage broker will offer a break from some of the daunting times. A local mortgage broker will know the area, understand your concerns as a first home buyer and offer valuable experience in the mortgage markets.

If you would like to speak with a mortgage broker in your area, call