A Complete Guide to the First Home Owners Grant Western Australia with FHBA

Buying your first home is an exciting milestone, and in Western Australia, the First Home Owners Grant WA can make it a little easier to get into your own home. If you are a first-time buyer, then you could be entitled to substantial financial support thanks to the First Home Owners Grant Western Australia. Here at FHBA, we make this process even smoother for you by accessing every facility that assists you in initiating your journey to becoming a homeowner. Here's everything you need to know about the First Time Home Owners Grant WA and how you may benefit from it.

First Home Owners Grant WA

The First Home Owners Grant WA is a one-off payment that helps eligible first-home buyers with the cost of buying or building a new home in Western Australia. The scheme will help take some of the pressure off buying your first home, so your dream of homeownership is that little bit easier to achieve. For eligible applicants, the Home Owners Grant WA offers:
  • $10,000 for buying or building a new home in metropolitan areas.
  • $20,000 for new homes in regional areas of WA.


Who is Eligible for the First Home Owners Grant WA?

From the application, to be eligible for the First Home Grant WA, you have to meet a number of major eligibility criteria, such as:
  • First-time buyer: you will need to be a first-time buyer and never have owned property before in Australia.
  • Age and residency: You must be aged at least 18 years old and an Australian citizen or permanent resident.
  • Property Requirements: The property being purchased or constructed must be new (never lived in), and not valued above $750,000.
  • Primary Residence: The property should be continuously occupied as your usual place of residence for a minimum of at least six continuous months within the first 12 months after settlement or completion of the build.

How to Apply for First Home Owners Grant WA-FHOG Application WA?

The FHOG application WA process is relatively easy; however, it is crucial that you submit the correct documentation to ensure that you will qualify for the grant. Following are the steps involved in making an application: Lodge the application form The application for the First Home Owners Grant WA may be lodged through the lender or directly with the Office of State Revenue (OSR) in WA.
  • Provide supporting documents: This includes the identity proof, first-time buyer status proof, and property details.
  • Submit the application: Once the application goes through review and approval, the grant will be issued

Can the First Home Owners Grant WA Be Used for Existing Homes?

First Home Owners Grant Western Australia is also strictly meant for new homes or newly constructed properties alone. They cannot be applicable to existing homes. However, if you are buying a new home, you are free to enjoy the First Home Grant WA along with any stamp duty exemption or concession, whichever is applicable depending on your property value.

Additional Incentives for First Home Buyers WA

In addition to the First Home Owners Grant WA, other benefits are accorded to first-time homebuyers in Western Australia:
  • Stamp Duty Concessions: First-time buyers may be exempted from or enjoy discounts on stamp duty, depending on the home's price.
  • First Home Buyer Programs: WA also offers various programs to help first-time buyers in affording their homes.

Why FHBA?

At FHBA, we specialise in helping First Home Buyers WA through the maze when buying their first home. Whether you want to know what is the first home buyers grant or how to apply for the 1st Home Owners Grant WA, our expert team will guide you through each step. Everything you need to know, from your eligibility to applying for the first home grant WA, we assist you with services to maximize your entitlements and save money.

The First Home Owners Grant WA is of immense help financially to a first-time homebuyer. First-time homebuyers may get closer to their dream of owning a home if given enough knowledge and assistance. Contact FHBA today  on 1800342287 and find out more about the First Home Grant WA, how to apply, and how we can assist you in securing the best possible outcome for your first home purchase. Let us help you take the first step toward your new home in Western Australia!

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