26/08/2025
๐ก Perth First-Home Buyers: Unlock Your Dream Home with Just 5% Down! ๐ก
Starting October 1, 2025, the Federal Governmentโs expanded First Home Guarantee Scheme makes homeownership more accessible than ever
Whatโs New:
* 5% Deposit: Secure your first home with just a 5% deposit and no Lenders Mortgage Insurance (LMI).
* Higher Property Price Cap: In Perth, eligible properties can now be purchased up to $850,000, up from the previous $600,000 cap.
* No Income Limits: All first-home buyers are eligible, regardless of income.
* Unlimited Places: The scheme is now uncapped, allowing more buyers to take advantage
Additional Benefits:
* $10,000 First Home Owner Grant (FHOG): Available for eligible buyers purchasing new homes.
* Stamp Duty Concessions: Potential savings on stamp duty for eligible buyers.
Why Act Now?
* Competitive Market: With increased buyer activity, properties are selling faster.
* Potential Price Increases: Experts warn that expanded buyer access could lead to price increases in the first-home buyer market.
Ready to Take the Next Step?
* Consult with a Mortgage Broker: Get personalized advice and assistance.
* Research Eligible Properties: Use the Housing Australia Property Price Caps Tool to find homes within your budget.
* Stay Informed: Keep an eye on upcoming changes and deadlines.