First home buyer loans Perth view rates

We understand that conveyancing can be a daunting process, which is why we offer a friendly and personalised service. So, if you need help with your next conveyancing matter, please don’t hesitate to contact us. At Lewis Kitson Lawyers, we understand that the process of buying or selling property can be complex and stressful, so we aim to make it as simple and stress-free as possible for our clients. When it comes time to sell your property, you want the process to be as smooth and stress-free as possible.
Under the federal Home Guarantee Scheme, eligible first FIFO Income Home Loans home buyers can purchase with as little as a 5% deposit and pay no Lenders Mortgage Insurance - a saving that can run well into five figures. Combined with WA's stamp duty concessions for first home buyers and the First Home Owner Grant for new builds, getting in can cost far less than the "20% deposit" rule of thumb suggests. Stamp duty (or transfer duty) is a state tax on the sale (or transfer) of residential property.

Because we have access to such a wide range of lenders, we can compare multiple options and negotiate better outcomes than most borrowers can get directly. We also help you understand how each option fits into your broader financial goals, whether that’s lowering your repayments or paying off your mortgage sooner. Call one of our team or book an appointment at a time that works for you. We'll help you understand which first time home buyer programs you might qualify for and work with you to find suitable loan options from our panel of lenders. The good news is there are several first time home buyer programs and government initiatives that can make homeownership more achievable.
For example, if you are looking for a two-bedroom apartment in western Sydney, the auction performance of luxury houses in the eastern suburbs may not tell you much. If you are buying a townhouse in Melbourne’s outer suburbs, inner-city house clearance rates may not reflect your market. The best approach is to track suburb-level results, similar property types and actual sold prices. Many first home buyers use this time of year to organise finances, reassess savings goals and prepare for home loan applications heading into the new financial year. Builders, lenders and developers also tend to increase activity during EOFY, making it a highly active market period across WA. Remember — under the scheme, buyers only have to stump up a 5 per cent deposit while the federal government goes guarantor for 15 per cent, which allows borrowers to skip lender's mortgage insurance (LMI).
The team at Perth Broker have help borrowers from all walks of life be able to successfully be approved for construction loans and help them right through to the building being completed. Eligible first home buyers who entered into a contract to purchase or build between 1 January 2017 and 30 June 2017 may also be eligible for a $5000 boost payment, in addition to the FHOG. Owner-builders who started laying foundations of their home in that timeframe can also apply. To apply for the boost payment, you will need to submit the specific boost payment application form on top of your application for the FHOG. For more information on eligibility and the application process for the boost payment, read the FHOG Fact Sheet here. USDA loans help eligible buyers purchase homes in rural and small-town areas with no down payment and some of the lowest ongoing loan costs available.

Mr Christopher anticipates the Reserve Bank will cut interest rates by 0.25 to 0.5 percentage points by mid-2025 as inflation moderates and the economy continues to grow below trend. Head of research at CoreLogic, Eliza Owen, said buyer demand was unlikely to rise by the beginning of 2025. Louis Christopher, managing director of SQM Research, expects strong population growth and the ongoing shortage of new dwellings will likely continue in 2025. The Reserve Bank's next meeting is on December 10 when it is predicted to keep interest rates on hold.
If you want to understand these factors at a deeper level, you can read our latest property market analysis about Perth here. By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Perth. As of early 2026, the median house price in Perth is approximately A$950,000 (around US$600,000 or €550,000), making it one of the more affordable capital cities in Australia compared to Sydney or Melbourne.

For example, lenders may factor in the one-time payment when assessing your borrowing capacity, pending grant approval, according to ANZ. Ongoing obligationsThe Scheme involves the Australian Government providing a guarantee to your lender to help you get a loan with a small deposit, but you’re responsible for all costs and repayments. To keep the guarantee, you must meet obligations on an ongoing basis, such as living in the property as an owner-occupier.
This allows us to pass those  savings directly on to you through competitive home and car loan rates. The guarantee is issued by Housing Australia to the lender, not to you directly. It covers the difference between your 5% deposit and the 20% threshold — essentially up to 15% of the  property value.
“We want to help young people and first home buyers achieve the dream of home ownership sooner. It’s not just supply chain issues or labour shortages—it’s also financial viability. Developers won’t launch projects unless the numbers stack up, and right now, that means new stock will need to enter the market at significantly higher prices than existing homes. It will either stop them from getting into the property markets or severely restrict their borrowing capacity which will negatively impact the lower end of the property markets. But our markets will be much more fragmented moving forward as some demographics struggle with cost-of-living, rent and mortgage cost increases (at a time of low wage growth) more than others. From 1 July 2027, negative gearing will be limited to new builds, with the stated policy intent being to focus tax support on new housing supply rather than established properties.

In another scenario, a rate cut earlier than May would lead to house price growth in every state, including up to 20 per cent growth in Perth and 16 per cent in Brisbane. Under the SQM report's other three scenarios for the nation's housing market in 2025, prices range from 20 per cent growth in Perth to a 10 per cent decline in Sydney. "Our house price leading index still points to solid price growth over the coming months and we should get some support from rate cuts," he said. The report presents four scenarios based on different government policies and global economic trends to predict house price growth and decline.
You can buy a home in Australia without saving for a traditional deposit. Most standard home loans require a deposit of at least 5% to 20% of the property value, which can take years to save. There are no deposit home loan options and alternatives available, so you can buy your home sooner. Their comprehensive loan services extend beyond home purchases to include car loans, personal loans, and business financing. Customers consistently praise the team's seamless, stress-free approach to home buying. The brokers handle complex paperwork and negotiations behind the scenes while maintaining fast response times to client queries.

Even with a 20 per cent deposit, average earners are priced out of many city suburbs,” he said. Vacant land buyers are also set to benefit as the state looks to ramp up its delivery of new homes, with the stamp duty exemption threshold increasing from $350,000 to $450,000. With a broad range of investment friendly lenders and credit providers, Gerry can structure your lending as effectively as possible to protect your ability to invest more.
Our pre-purchase building and pest inspections give you clear, independent advice before you commit – so you can buy with confidence. You’ll be assigned your home finance manager who’ll progress your  application and answer all your questions. If you’re approved for the FHOG, you’ll usually receive the payment at settlement if you’re buying a newly-established home or at the first drawdown of funds for contracts to build a new home.