The WA FHOG is currently at $10,000 for eligible first home buyers purchasing a ‘new’ home valued under $1,000,000 (north of the 26th parallel). If the ‘new’ home is located south of the 26th parallel, the cap is $750,000.

Important Tip: Grants and Concessions tend to change at short notice, therefore please double check with your State government what is available in your area before buying your first home!

First home buyers are generally eligible if:

• Each applicant must be a natural person (i.e. not a company or trust)
• Each applicant must be over 18 years of age
• At least one applicant must be an Australian Citizen or a permanent resident
• Each applicant has not received any First Home Buyer Grants or Concessions previously
• Each applicant has not owned property anywhere in Australia prior to 01 July 2000
• Each applicant must occupy the home as their principal place of residence for a continuous period of at least six months, commencing within twelve months of completion of the transaction
• For eligible transactions commencing on or after 1 January 2010, the total value of the home must not exceed the cap amount. The cap amount is:
  • $750,000 if the property is located south of the 26th parallel of south latitude
  • $1,000,000 if located north of the 26th parallel of south latitude

For the full eligibility requirements please the WA Department of Finance website.

A ‘new’ home is a property that has never been lived in before by any other party, or sold to another party prior to you. The following are not considered a new home in Western Australia: established houses; acquisition of vacant land (until there is a comprehensive contract to build a residential property on it), business or commercial property, holiday houses, renovations to an existing home.

When you buy a home you usually have to pay a state tax called transfer duty (also known as stamp duty). As a first home buyer, you may be entitled to receive the ‘first home owner rate of duty’ for the acquisition of your home if you are eligible for the FHOG:

• If your home purchase price is below $430,000 you are not required to pay any transfer duty
• If your home purchase is between $430,001 & $530,000, a reduced amount of transfer duty is payable at $19.19 per $100 above $430,001.

Please note different rules apply to the purchase of vacant land.

For full details please visit the WA Department of Finance website or ask your qualified Mortgage Broker.

Applying for the FHOG and / or various duty concessions can be a little tricky. While you can check eligibility and apply online by yourself, we recommend you apply through the assistance of one of our FHBA Mortgage Brokers.

Our FHBA Mortgage Brokers are not only experts at finance matters such as home loans and the FHOG, but they are also experienced in helping first home buyers everyday. Our service is free of charge (should you proceed with a home loan option through us). We can check your eligibility, apply on your behalf and be with you every step, providing you with peace of mind that you haven’t missed anything.

• To learn more about our FHBA Mortgage Broking service and have one of our experts assist you with your application, please visit our FHBA Mortgages home page.
• To apply online by yourself visit the WA Government website and follow their instructions carefully.

As Australia’s premier first home buyer organisation we have access to hundred’s of FHOG eligible homes, from house & land packages through to townhouses, apartments and more.

Called FHBA New Homes, our new homes search service involves us connecting you with leading property developers, builders and real estate experts to help you find and secure your first home. Meanwhile, your FHBA Coach stay’s by your side every step of the way.

Plus, if you purchase your FHOG eligible home through our FHBA New Homes service you could be eligible for the FHBA 50 Rebate (in addition to any government entitlements you may be eligible for such as the FHOG!).

If you haven’t been introduced to FHBA Coach yet send us an email ([email protected]) or complete the enquiry form and one of our friendly FHBA Coaches will be in touch to provide you with a free Discovery Session.

If you are thinking of purchasing an established (existing) home then:

• unfortunately you will not be eligible for the WA FHOG, as one of the requirements is that it must be a ‘new‘ home;
• however, you may still be eligible for transfer duty concessions (see ‘are there any other entitlements I might be eligible for’ above).

If you would like assistance with purchasing an established or a new home we recommend you book in a free consultation with an FHBA Coach.