First home owners grant Western Australia and other schemes

First home owners grant western australia 2023: everything you need to know about FHOG, stamp duty concessions, and more.

First home owners grant Western Australia: everything you need to know about buying your first home in WA.

Buying your first home in Western Australia? Perth buyers can expect to spend around $588,000 on a median home according to Property Update.

The sunny state ranks among the most affordable of Australian states and territories for home buyers as prices increase nationally.

However, getting into the property market can be a challenge for first-time buyers. The Western Australian government offers a range of grants and concessions to encourage ownership for first home buyers.

Western Australia first home owner grants and concessions include the following:

  • A $10,000 first home owners grant on the purchase of a new home (or land) under the value of $750,000.
  • No stamp duty when buying your first home valued under $430,000.
  • Concessional stamp duty rates on homes valued $430,000-530,000.
  • Loan options for first buyers through state-backed lender Keystart
  • Access to federal first home schemes like FHSS and First Home Guarantee

Western Australia First Home Owners Grant (FHOG)

A once-off $10,000 First Home Owners Grant (FHOG) is available to eligible WA first home buyers buying or building a new home.

Your property’s value cannot exceed $750,000 if located south of the 26th parallel, which covers most of the Perth metropolitan area. Homes located north of the 26th parallel (Shark Bay) have a value cap of $1 million.

You may receive the FHOG if buying vacant land to build and occupy a residential property on the land.

To be eligible for FHOG in WA, applicants must meet the following criteria:

  • Be an Australian citizen or permanent resident aged 18 and above.
  • Be a first home buyer who has not previously owned Australian residential property.
  • Not have received a first home owners grant in another state or territory.
  • Occupy the property as your principal place of residence for at least 6 months, within a year of settlement/construction.

A UNO broker can help assess your eligibility for the Western Australian first home owners grant.

Introduced in 2001, FHOG is a scheme co-funded by state and federal governments designed to encourage home ownership for first home buyers.

WA stamp duty exemption and concessions: first home owner rate of duty

Eligible first buyers in WA receive stamp duty exemptions on homes and land valued under $430,000 and concessional duty rates for property valued $430,000-530,000.

WA first home rate of duty payable on home and land

For vacant land, no duty is payable if its value is under $300,000. A stamp duty discount applies to vacant land valued $300,000-400,000.

Eligibility for first home owner rate of duty is based on the above FHOG criteria. However, eligible transactions include existing homes, unlike the first home owners grant.

These discounts and rates are administered as the WA first home owner rate of duty (FHOR) which were first introduced in 2008 and have recently been amended to reflect increasing house prices.

Low deposit home loans with Keystart Finance

Keystart Finance is a state government lender who provide home loans to Western Australians, particularly by providing buyers with flexible loan options.

Keystart offer low (2%+) home loans and lender’s mortgage insurance (LMI) waivers to eligible buyers. Some of their products include the following:

  • Low deposit home loan requiring a 2% deposit and no LMI
  • Shared equity/ownership loans
  • Rural home loans for farmers and regional business owners
  • Loans for diverse groups, including support for Aboriginal and Torres Strait Islander peoples and people with disabilities

They are a transitional lender who encourage buyers to enter the market and refinance with another lender when they can.

UNO has access to Keystart Finance and more than 20 other lenders. Contact a UNO broker today to explore your options.

Buying your first home in Perth: a step-by-step guide

  1. Estimate how much you can borrow - UNO’s Borrowing Power Calculator will estimate how much you can borrow, giving you a budget for your property.
  2. Secure finance - Talk to a UNO broker who can find you the best deal by comparing rates from over 20 lenders
  3. Secure pre-approval - Submit paperwork including payslips and bank statements for pre-approval
  4. Find the right property - Start looking for a property within your budget. Take advantage of UNO’s partnership with Abodable offering customers up to $51,000 cash back when purchasing a new home*.
  5. Make an offer on your property and settle within 45 days.

Federal first home buyer schemes

Book Call Now

UNO home loans

Need help with your home loan?

UNO Brokers are available night and day for a quick review or your situation and bring expertise that will support better decision making that will save you time and money. Book in a quick call when it suits your busy schedule

Get Started

Related Articles


What our customers are saying

Sally Mackenzie
February 19, 2024
We chose Uno Home Loans from their impressive web site knowing we were going to find it hard, on many fronts, to qualify for a home loan. We were incredibly fortunate to be assigned Mike Parsons as right from the get-go, despite the complexities, he hit the ground running for us. He was incredibly knowledgeable, with years of experience but what was immediately apparent and impressive was that he was totally invested in getting us over the line, doing absolutely everything possible, including working around the clock. Despite it being a relatively small loan in the order of things, Mike never missed a beat, getting docs ready, following up and answering every request from the proposed funder immediately. He kept us informed on progress the minute anything happened, and again if anything needed to be done, he was right on it. In short, we highly recommend Uno, and Mike, knowing what a remarkable job he did, over many weeks, to get us our loan. He got us a great deal, with far better rates than we expected, so we couldn't be happier. In fact, without doubt, you'd be hard pressed to find a more personable, sharp, hard working, dedicated professional who clearly prides himself on getting his customers standout results.
Read more
February 13, 2024
Scott and his team were just A-mazing. We felt supported through the whole process with the greatest quality and care. Every question answered right in time, or even before we asked. The process was smooth and we got the best outcomes we could have wished for.
Read more
Angela Biddle
February 6, 2024
Our mortgage recently came up for renewal, and with interest rates skyrocketing we were looking for ways to minimise the impact. Michael and his team were proactive and attentive. Michael spent time with us to understand our circumstances. He found mortgage options that worked with our current financial situation and longer investment plans. He presented clear options, providing guidance where needed. He and his team were helpful and responsive - streamlining the process and keeping us updated through the negotiations. In the end, Uno did the heavy lifting and secured a significantly better rate than our current bank offered, all with friendly, personal service. We would highly recommend UNO Home Loans.
Read more
Fotis Bikas
January 15, 2024
I cannot help but congratulate Scott Wilkinson of UNO Home Loans for being an absolute credit to both his company and the entire loans industry. Scott is a truly rare gem of a broker in that he will not only go the extra mile to achieve for each customer the very best deal, but his knowledge of all and sundry within the industry is unsurpassed (you will see what I mean if you speak to him). Additionally, Scott has a clear passion for imparting his wealth of information with each customer, whereas the conversation with most other brokers would simply be over if they could not get you the best deal. For me, Scott Wilkinson of UNO Home Loans stands head and shoulders above the competition and I feel privileged to benefit both from his expertise and professionalism whenever it is time for a refinance or new loan.
Read more
Tomoharu Matsui
January 11, 2024
Michael Parsons helped me a lot when it's difficult to establish my capabilities in loan.
Read more
Gillian Kearon
January 9, 2024
I highly recommend Mike Parsons as a mortgage broker. I couldn't fault the service provided by UNO. Thanks Mike!
Read more
Taner T
December 20, 2023
Thank you Eren Tan for the amazing service and support. Our Loan was a little tricky and complex for other lenders but Eren managed to get it over the line in record time. His professionalism and dedication to our needs was exceptional. If you need a Loan no matter how complex your situation, make sure you contact Eren at UNO Home Loans.
Read more
Karaipu Brown
December 20, 2023
Buying & selling a house at the same time is very stressful but Scott Wilkinson from UNO home loans made sure we knew what was happening & took most of the stress away. He always kept us up to date and if we had a concern or wanted clarification on something we were able to call him, if he didn’t know the answer straight away he will find out and contact us back.. now we are enjoying our new house and turning it into a home :)
Read more
Chris Anderson
December 18, 2023
Just completed my first loan with UNO which was so much easier than with other other brokers I have used in the past. Our broker MIKE PARSONS always had time for me and broke things down for me in the simplest of terms and was very patient with my silly questions and my constant changing of plans. I wish I had used them in the past as I wouldn't be in the situation I'm in now. Can't recommend them highly enough. Thanks UNO and Thanks MIKE 😊
Read more
Stephen Broomfield
December 11, 2023
To be able to recommend Scott Wilkinson for your mortgage broker was a privilege. We had deals fall through but Scott supported, guided and stuck with us, proper partnership. The whole team at UNO helped us and supported us right through to after settlement. Made sure everything was correct and how we are progressing. Communication was amazing and straightforward and easy to understand. Transparent. We can not Recommend Scott and the team as Uno high enough. Use UNO with confidence.
Read more
Tarek Hussain
December 6, 2023
Can't thank Amy enough for her hard work, dedication and determination on getting multiple loans completed for me. I wouldn't hesitate in recommending Amy and the Uno team to any of my associates. Will definitely be back in the near future!
Read more
November 3, 2023
If you’re looking for a trustworthy, thorough, reliable & knowledgeable Mortgage Broker then you must call Anita Callaghan! I can’t even imagine how stressful this process would’ve been without her. Anita went above and beyond to make sure she answered every question, responded to every text (even on weekends/after hours), and followed up on every detail to ensure we had all the info we needed. Anita is a true people person who is warm, empathetic, kind and supportive. You can tell she loves helping people and loves what she does, which is probably why she’s so good at it! Can’t thank you enough Anita, or recommend you more highly! You’re the best!
Read more