Government Help
Sometimes a little bit of help can go a long way
Sometimes a little bit of help can go a long way
There is a range of government initiatives to support home buyers
While they are incredibly helpful, they can be confusing
We will guide you through understanding what you might be eligible for
First Home Owner Grant
First Home Owner Grant
Did you know that as a first home buyer, you may be eligible for the First Home Owner Grant (FHOG)?
This grant is a one-time payment of $10,000 from the WA State Government to help you get into your own home. And the best part, it can be used towards your deposit and other upfront expenses.
Get in touch with us today to see if you qualify for the FHOG and how we can help you get started on your journey towards owning your own home.
Stamp Duty Savings
Stamp Duty Savings
If you’re a first home buyer, in addition to the First Home Owner Grant, you may also be eligible for stamp duty concessions called First Home Owner Rate (FHOR), meaning you will have a reduced, or no stamp duty on your home. This can save you thousands upfront, making getting your own home even easier.
To take advantage of these amazing opportunities for first home buyers, get in touch today to see how we can help.
First Home Guarantee
First Home Guarantee
Another amazing Government scheme helping first home buyer into their own home is the Federal Government’s First Home Guarantee.
For eligible applicants, they can get access to a guaranteed loan starting from 5% from a range of different lenders. What’s even better is that because these loans are backed by the Government, there’s no lenders mortgage insurance (LMI) applicable, saving you thousands of dollars. With limited placements available, talk to our team today to find out more about this amazing scheme.
Family Home Guarantee
Family Home Guarantee
Similar to the First Home Guarantee, the Family Home Guarantee is designed to assist single parents get into their own home with as little as 2% deposit, without paying lenders mortgage insurance (LMI). What’s great about this scheme is that it doesn’t matter if you are a first home buyer or not, meaning you can have owned a home previously.
Chat to our team to discover if you qualify.
First Home Super Saver Scheme
First Home Super Saver Scheme
If you’re looking at different ways to get your deposit together for your first home, maybe the First Home Super Saver Scheme (FHSS) is for you. You can apply to have up to $15,000 of your voluntary super contributions (not employer contributions) from any one financial year released under the scheme, with a maximum of $50,000 to go towards your savings for own home.
If this sounds like something you’re interested in, get in touch.
Frequently Asked Questions
What government assistance is available to me?
There is a range of options for government assistance available to you, depending on your circumstances and where you live. For example, you may be eligible for the First Home Owner Grant, stamp duty concessions, or other schemes aimed at helping first-time buyers get into the property market. Our team can work with you to understand your situation and help you explore the options that may be available to you.
View Answer
Who is eligible for First Home Guarantee?
To be eligible for the First Home Guarantee (FHBG), you must be a first home buyer applying as a single or couple, be at least 18+ years old, be an Australian citizen, and earn a maximum of $125,000 for individuals or $200,000 for couples. You must also be intending to be owner-occupier. Participating lenders (banks) are responsible for assessing your overall eligibility.
View Answer
Who is eligible for Family Home Guarantee?
To be eligible for the Family Home Guarantee (FHG), you must be a single parent with at least one dependant, applying as a single person, be at least 18+ years old, be an Australian citizen, and earn a maximum of $125,000. You must also be intending to be owner-occupier. Participating lenders (banks) are responsible for assessing your overall eligibility.
View Answer
What is the Family Home Guarantee?
The Family Home Guarantee (FHG), is a unique Government initiative designed to assist single parents with dependants purchase a home. Eligible applicants have the advantage of purchasing as property with as little as a 2% deposit, without the need to pay lenders mortgage insurance (LMI), saving you thousands of dollars upfront when compared to a traditional loan and reducing the amount of savings you need. Additionally, you don’t have to be a first home buyer to gain access to this scheme, if you have owned a home before as an individual or as part of a past relationship, you may still be eligible for this loan initiative.
View Answer
What Stamp Duty savings are available for First Home Buyers?
For first home buyers in Western Australia, the State Government also offers those eligible for the First Home Owner Grant a stamp duty concession called First Home Owner Rate (FHOR). This concessional rate of duty can apply to the purchase of your new home, for example your block of land, and provides a significant saving for those eligible.
The exact amount of the concession depends on the value of the property and the date of purchase, with more information available through the Western Australia Department of Treasury and Finance.
View Answer
What is the First Home Guarantee?
The First Home Guarantee (FHBG) is a Government initiative which allows eligible first home buyers to purchase a home with as little as 5% deposit and without the need to pay Lenders Mortgage Insurance (LMI), potentially saving thousands of dollars up front and reducing the time to save a deposit.
View Answer
What is the First Home Super Saver Scheme?
The First Home Super Saver (FHSS) scheme is a Government initiative which provides a unique opportunity for prospective homebuyers to save for a deposit through their superannuation. The scheme allows eligible individuals the opportunity to contribute up to $15,000 in any one financial year, up to a maximum of $50,000. The scheme also allows couples, siblings, or friends to each access their own eligible FHSS contributions to purchase the same property.
View Answer
What government assistance is available to me?
There is a range of options for government assistance available to you, depending on your circumstances and where you live. For example, you may be eligible for the First Home Owner Grant, stamp duty concessions, or other schemes aimed at helping first-time buyers get into the property market. Our team can work with you to understand your situation and help you explore the options that may be available to you.
View Answer
Who is eligible for Family Home Guarantee?
To be eligible for the Family Home Guarantee (FHG), you must be a single parent with at least one dependant, applying as a single person, be at least 18+ years old, be an Australian citizen, and earn a maximum of $125,000. You must also be intending to be owner-occupier. Participating lenders (banks) are responsible for assessing your overall eligibility.
View Answer
What Stamp Duty savings are available for First Home Buyers?
For first home buyers in Western Australia, the State Government also offers those eligible for the First Home Owner Grant a stamp duty concession called First Home Owner Rate (FHOR). This concessional rate of duty can apply to the purchase of your new home, for example your block of land, and provides a significant saving for those eligible.
The exact amount of the concession depends on the value of the property and the date of purchase, with more information available through the Western Australia Department of Treasury and Finance.
View Answer
What is the First Home Super Saver Scheme?
The First Home Super Saver (FHSS) scheme is a Government initiative which provides a unique opportunity for prospective homebuyers to save for a deposit through their superannuation. The scheme allows eligible individuals the opportunity to contribute up to $15,000 in any one financial year, up to a maximum of $50,000. The scheme also allows couples, siblings, or friends to each access their own eligible FHSS contributions to purchase the same property.
View Answer
Who is eligible for First Home Guarantee?
To be eligible for the First Home Guarantee (FHBG), you must be a first home buyer applying as a single or couple, be at least 18+ years old, be an Australian citizen, and earn a maximum of $125,000 for individuals or $200,000 for couples. You must also be intending to be owner-occupier. Participating lenders (banks) are responsible for assessing your overall eligibility.
View Answer
What is the Family Home Guarantee?
The Family Home Guarantee (FHG), is a unique Government initiative designed to assist single parents with dependants purchase a home. Eligible applicants have the advantage of purchasing as property with as little as a 2% deposit, without the need to pay lenders mortgage insurance (LMI), saving you thousands of dollars upfront when compared to a traditional loan and reducing the amount of savings you need. Additionally, you don’t have to be a first home buyer to gain access to this scheme, if you have owned a home before as an individual or as part of a past relationship, you may still be eligible for this loan initiative.
View Answer
What is the First Home Guarantee?
The First Home Guarantee (FHBG) is a Government initiative which allows eligible first home buyers to purchase a home with as little as 5% deposit and without the need to pay Lenders Mortgage Insurance (LMI), potentially saving thousands of dollars up front and reducing the time to save a deposit.
View Answer
What government assistance is available to me?
There is a range of options for government assistance available to you, depending on your circumstances and where you live. For example, you may be eligible for the First Home Owner Grant, stamp duty concessions, or other schemes aimed at helping first-time buyers get into the property market. Our team can work with you to understand your situation and help you explore the options that may be available to you.
View Answer
What is the Family Home Guarantee?
The Family Home Guarantee (FHG), is a unique Government initiative designed to assist single parents with dependants purchase a home. Eligible applicants have the advantage of purchasing as property with as little as a 2% deposit, without the need to pay lenders mortgage insurance (LMI), saving you thousands of dollars upfront when compared to a traditional loan and reducing the amount of savings you need. Additionally, you don’t have to be a first home buyer to gain access to this scheme, if you have owned a home before as an individual or as part of a past relationship, you may still be eligible for this loan initiative.
View Answer
What is the First Home Super Saver Scheme?
The First Home Super Saver (FHSS) scheme is a Government initiative which provides a unique opportunity for prospective homebuyers to save for a deposit through their superannuation. The scheme allows eligible individuals the opportunity to contribute up to $15,000 in any one financial year, up to a maximum of $50,000. The scheme also allows couples, siblings, or friends to each access their own eligible FHSS contributions to purchase the same property.
View Answer
Who is eligible for First Home Guarantee?
To be eligible for the First Home Guarantee (FHBG), you must be a first home buyer applying as a single or couple, be at least 18+ years old, be an Australian citizen, and earn a maximum of $125,000 for individuals or $200,000 for couples. You must also be intending to be owner-occupier. Participating lenders (banks) are responsible for assessing your overall eligibility.
View Answer
What Stamp Duty savings are available for First Home Buyers?
For first home buyers in Western Australia, the State Government also offers those eligible for the First Home Owner Grant a stamp duty concession called First Home Owner Rate (FHOR). This concessional rate of duty can apply to the purchase of your new home, for example your block of land, and provides a significant saving for those eligible.
The exact amount of the concession depends on the value of the property and the date of purchase, with more information available through the Western Australia Department of Treasury and Finance.
View Answer
Who is eligible for Family Home Guarantee?
To be eligible for the Family Home Guarantee (FHG), you must be a single parent with at least one dependant, applying as a single person, be at least 18+ years old, be an Australian citizen, and earn a maximum of $125,000. You must also be intending to be owner-occupier. Participating lenders (banks) are responsible for assessing your overall eligibility.
View Answer
What is the First Home Guarantee?
The First Home Guarantee (FHBG) is a Government initiative which allows eligible first home buyers to purchase a home with as little as 5% deposit and without the need to pay Lenders Mortgage Insurance (LMI), potentially saving thousands of dollars up front and reducing the time to save a deposit.
View Answer