First home buyer grants and finance in WA, explained
The WA grant, stamp duty concessions and the federal deposit schemes can save first home buyers tens of thousands of dollars. Here's what each one does, who it's for, and how they work together.
The big four for WA first home buyers
First Home Owner Grant
Paid towards a newly built home in WA worth up to $800,000 in Perth and Peel.
On land up to $450,000
No transfer duty on first home land up to $450,000, with reduced duty up to $550,000.
Deposit, no LMI
The Australian Government 5% Deposit Scheme, with no income caps and a $850,000 cap in Perth.
Keystart deposit
A WA Government backed low deposit home loan with no lenders mortgage insurance.
What you could be entitled to in WA
Last updated 3 November 2026.
| Assistance | What eligible buyers can access | Key conditions |
|---|---|---|
| WA First Home Owner Grant | $10,000 towards a newly built home. No income or assets test. | For contracts from 7 May 2026, the total value of the land and build must be $800,000 or less south of the 26th parallel, which covers all of Perth and Peel. You must move in within 12 months of completion and live there for at least six months. |
| Transfer duty concession on vacant land | No transfer duty on land valued up to $450,000, and reduced duty up to $550,000. | Applies to eligible first home land purchases from 7 May 2026. |
| Transfer duty concession on a home | No transfer duty on a home valued up to $600,000, and reduced duty up to $800,000. | Applies when you buy a completed new home, or house and land on one contract, from 7 May 2026. |
| Australian Government 5% Deposit Scheme | Buy or build with a 5% deposit and no lenders mortgage insurance. Eligible single parents and legal guardians may need only 2%. | No income caps. Lender approval required. The price cap is $850,000 in Perth and $600,000 in other WA areas, so check the postcode, especially in Peel. |
| Keystart | Low deposit home loans from 2% with no lenders mortgage insurance. | Income limits of $155,000 for singles and $228,000 for couples and families, and a purchase price limit of $860,000. Keystart lending criteria apply. |
| Help to Buy | A government equity contribution of up to 40% of a new home, so you borrow less. | The government owns a share of the home. It is not a cash grant. Income limits are $103,000 for individuals and $165,000 for joint applicants and single parents. Cannot be combined with the 5% Deposit Scheme. |
| First Home Super Saver Scheme | Release voluntary super contributions of up to $15,000 a year and $50,000 in total, plus associated earnings. | Uses your own savings, with potential tax benefits. Compulsory employer contributions cannot be withdrawn. |
General information only. Sources: WA Government 2026-27 Housing Taxation Package, Housing Australia, Keystart and the ATO. Eligibility depends on your circumstances, and the lender or agency makes the final decision.
How the schemes stack up
Most buyers use more than one. These are the combinations we see most often in Perth and Peel.
Grant + land duty exemption + 5% deposit
Build a house and land package under the caps, pay no duty on the land, receive the $10,000 grant and avoid lenders mortgage insurance with a 5% deposit.
Grant + land duty exemption + Keystart
If you're within Keystart's income limits, you may be able to build with as little as a 2% deposit, still with the grant and duty savings.
Grant + land duty exemption + Help to Buy
For buyers under the income limits, a government equity share of up to 40% can cut the size of your loan and your repayments.
Find out which grants you qualify for
We'll check your eligibility for each scheme, work out the best combination and show you what that means for your deposit and repayments.