Research Group: First Home Buyers – Merrifield Real Estate

First Home Buyers

First Home Owners Grant Western Australia

Buying your First Home is the dream of most Australians. The First Home Owners Grant [FHOG] is a grant system provided by the Commonwealth Government and administered by the various State Governments. The grant is intended to assist first-time home buyers with the opportunity to enter the market and buy their first home.

In Western Australia the government provides eligible first-time home buyers up to $10,000 towards buying and building your first home. The grant is not means tested but you need to be eligible. Here are the major eligibility grounds:

  • You must be 18 years of age or over,
  • You must be an Australian Citizen or an Australian Permanent Resident,
  • You must not have previously owned a residential property in Australia,
  • The property purchased must be your principal place of residence for a continuous 6 month period, within the first 12 months after settlement on the property or completion of the building,
  • The total value of the property (the house and the land) must not exceed $750,000 or if the property is above the 26th parallel, must not exceed $1,000,000.

For more information, contact the Department of Finance or download the First Home Owner’s Grant Fact Sheet

Extra information

As well as the FHOG, the State Government of Western Australia provides eligible First Home Buyers with the First Home Owner Rate, which offers concession to stamp duty.  First home buyers in WA do not pay stamp duty on properties up to the value of $430,000, an if the property is valued between $430,001 to $600,000 it will attract a concessional rate on stamp duty. Considering stamp duty on a $250,000 property is some $7,000, the saving to first home buyers can be substantial and help someone get into their first home sooner.

For more information, contact the Western Australian Department of Housing

If you have any enquiries concerning the First Home Owners Grant Scheme or the First Home Owners Rate, please feel free to call us at Merrifield Real Estate. We are always willing to help.

Contact Us

  • This field is for validation purposes and should be left unchanged.