First Home Buyer Guide: Western Australia
WA offers unique programs including Keystart low-deposit loans - buy with just 2% deposit!
$10,000
FHOG (New Homes)
$430K
Duty-Free Threshold
2%
Keystart Deposit
No LMI
With Keystart
🏠 Keystart - WA's Secret Weapon!
Keystart is a WA Government initiative offering home loans with just 2% deposit and no LMI. This is one of the best first home buyer programs in Australia!
2%
Minimum deposit (new homes)
$0
LMI required
$150K
Max household income
Available Schemes & Grants
First Home Owner Grant (FHOG)
$10,000 grant for new homes in WA
$10,000 cash grant
- ✓ New home value up to $750,000
- ✓ Australian citizen/PR
- ✓ Never owned property in Australia
- ✓ Live in property 6+ months
First Home Owner Rate (Stamp Duty)
Reduced transfer duty for first home buyers
Up to $15,725 saving
- ✓ Property up to $430,000 (no duty)
- ✓ $430,001-$530,000 (concessional)
- ✓ Must be principal residence
Keystart Home Loans
WA Government low-deposit home loans
Buy with just 2% deposit
- ✓ Income under $105,000 (single) / $150,000 (couple)
- ✓ 2% deposit for new homes
- ✓ No LMI required
First Home Guarantee (Federal)
Buy with 5% deposit, no LMI required
Save $10,000-25,000 on LMI
- ✓ Income under $125,000 (single) / $200,000 (couple)
- ✓ Property up to $600,000 (Perth)
- ✓ Owner-occupier only
Transfer Duty Savings Examples
| Purchase Price | Standard Duty | FHB Duty | You Save |
|---|---|---|---|
| $400,000 | $13,015 | $0 | $13,015 |
| $430,000 | $14,390 | $0 | $14,390 |
| $480,000 | $17,090 | $8,545 | $8,545 |
| $530,000 | $19,790 | $19,790 | - |
| $600,000 | $22,765 | $22,765 | - |
Property Price Caps by Region
Perth Metro
First Home Guarantee: $600,000
Regional WA
First Home Guarantee: $450,000
Keystart
Perth: $560,000 / Regional: $400,000