Shellabears Blog
First Home Buyers Grant Explained: WA 2025
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WA First-Home Buyers: Big Changes Coming This October
If you’re buying your first home in Perth or anywhere in WA, the game is about to change.
From 1 October 2025, the Federal Government’s expanded First Home Buyer Guarantee will launch three months earlier than expected. This means West Australians will be able to secure a home with just a 5% deposit — and avoid the huge cost of Lenders Mortgage Insurance (LMI).
What It Means in WA
- Median Perth house price is now around $750,000.
- Under the old 20% deposit rule, you’d need $150,000 saved just to buy.
- With the new scheme, you can purchase with only $37,500 upfront.
That’s a difference of more than $110,000, and instead of renting for years while saving, you could already be paying down your own mortgage.
For example:
- A $700,000 home in Perth could be yours with a $35,000 deposit.
- You’d save around $28,000 in LMI.
- And you’d cut 5–7 years off the time it usually takes to save a deposit.
Why WA Buyers Should Be Excited
✅ Starts early – Scheme begins 1 October 2025.
✅ No income limits – Open to all WA first-home buyers.
✅ No cap on places – More guarantees, so no missing out.
✅ Higher property caps – Price limits lifted to match Perth’s market, meaning more choice of homes across the metro area and Western Suburbs.
The Bigger Picture Across Australia
The changes are part of Labor’s $43 billion housing agenda. Nationally, the scheme will:
- Allow all first-home buyers to purchase with a 5% deposit.
- Remove income caps and limits on places.
- Lift property price caps across major cities (e.g. Sydney, Melbourne, Brisbane) to make more homes eligible.
- Treasury estimates an extra 20,000 guarantees will be issued in the first year alone, helping more buyers into homes sooner.
Ready to Take the Next Step?
From October 1, 2025, WA first-home buyers can:
- Buy with just a 5% deposit.
- Skip LMI and save $20k–$30k upfront.
- Access a wider choice of homes in Perth thanks to updated price caps.
✨ For young West Australians, this is a rare opportunity to break into the market faster. Your dream of home ownership could be closer than you think.
