The first home owner grant in WA?
The first home buyer scheme or first home owner grant helps anyone in WA that fits a specific criteria get into a new home sooner. It’s a once-off payment offered by the state government of Western Australia to help you move into your own home and escape the rent trap. If you are in the merket for a new home, 2019 and 2020 are great year to buy with record low build times plus the home owners grant has increased from $7,000 to $10,000.
How much is the grant for first home owners in Perth, WA?
The First Home Buyer Grant is currently up to $10,000, but it changes regularly so its best to always check back with us before you decide to purchase a property. In the past, the First Home Buyer Grant for WA has ranged from $0 all the way up to $21,000 due to changes in government legislation.
What does the first home owners grant cover?
The current First Home Buyer Grant is suitable for newly built residential houses.
Can I check if I'm eligible for the first home owner grant?
Yes you can! There is a couple of ways you can check if you are eligible for the grant and if you get stuck you may contact us for assistance.
How do I apply for the first home owner grant?
There is two ways you can apply for the first home buyer grant but its important that you contact us first to ensure you qualify for the grant before you begin the application as we can save you hours in paperwork.
The first home buyer grant is typically paid to your finance company at the time of settlement and it’s applied directly to your home loan (however you can get it paid into your bank on special request, but this is complicated). If you are building a house with us, the grant will be approved when your first loan repayment is due.
First home owner grant eligibility in 2019 and 2020
If you are a new first home buyer, there is a couple important things you should know about the first home owner grant for WA in 2019 and 2020. There is restrictions on the types of homes you can purchase with the grant and the physical of the home’s determines how much of the grant is available. We have listed this information below;
The first home owners grant is only available for the purchase of newly established homes or to build your own home.
The grant is not available for purchasing an established home in 2019 or 2020.