First Home Buyer Mortgage Broker Perth

Lenders want to see a history of responsible spending and three months of living expenses in savings to ensure you can comfortably service a home loan. Here are some key tips to help you save for your first home and navigate the process of applying for a first home buyer loan. Pre-approval is recommended as it helps you understand your budget, shows sellers you are serious, and identifies any issues before you apply for a full loan. Pre-approval is often one of the first steps in the home buying process. It gives you an estimate of how much you may be able to borrow before you start making offers.
Over the long term, the fundamentals haven't changed - population growth, housing undersupply, and Australia's wealth trajectory will continue to underpin property values. Auction clearance rates and listing volumes are the key indicators to watch in the short term, particularly in Sydney and Melbourne where listings are already running above their long-term averages. From 1 July 2027, negative gearing on established residential properties purchased after Budget  night (12 May 2026) will be limited - Refinancing Perth rental losses can only be offset against property income, not wages or other income.

While this strong economy fuels growth in sectors like renewable energy and mining, it also drives demand in the housing market. If you’re ready to buy, you may be eligible for government help to get you into the property market. Property price caps are the same first home buyers and single parents.Find the price cap for the area you’d like to purchase in by using the postcode search tool.
If you have a low deposit, there are still pathways such as Lenders Mortgage Insurance (LMI), guarantor support, or Government schemes to help you achieve your home ownership goals. We’re proud to work alongside the Australian Government on the Australian Government 5% Deposit and Help to Buy Scheme along with other selected grants and concessions. Apply online or book an appointment for a new loan and see if you're eligible for a lower interest rate.
And it’s likely that moving forward, thanks to the current environment, people will place an even greater emphasis on neighbourhood and inner and middle-ring suburbs where more affluent occupants and tenants will be living. They will compete with first-home buyers who benefit from several government-backed incentive schemes. But the investment landscape has become more complex, and that rewards investors who take a strategic, informed approach. At the same time, the 50% capital gains tax discount will be replaced by cost base indexation and a 30% minimum  tax on net capital gains from 1 July 2027, applying to individuals, trusts and partnerships. On the demand side, the government's first home buyer schemes continue to add fuel to the lower end of the market. Another key factor that affects the value of the property market is the overall health of the economy.

As local mortgage broking experts providing various different loan types, we’ve created a knowledge base (also known as a wiki) with lots of different and easily searchable information a first time buyer should know. He explains everything for those new home owners he gets you the best rates and is an absolutely wonderful and efficient broker. A Home Loan Experts mortgage broker will give you a call to discuss the cheapest LMI premiums available for your situation.
The average income was lower for a single person at $98,764 and higher than needed to qualify for couples. The average income was lower for a single person at $102,075 but higher than needed for couples. In this article, we’ll break down what’s changing, how it affects Perth and regional WA buyers, and what you should consider before jumping in. At Perth Home Brokers, it’s our priority to get as many people as possible owning a brand new home that they can call their own. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Government modelling suggests the expanded scheme will lift property values by just 0.5 per cent over six years, but other analysts are not so convinced.

Eligibility will depend on both lender requirements and any government schemes you apply for. Lenders Mortgage Insurance (LMI) protects the lender if you default on the loan. It applies when your deposit is less than 20% of the property’s value.
To be eligible for the stamp duty concession you'll need to be a first home buyer. If you, or your partner or spouse, has previously owned a home, you won't be eligible. You should expect your grant funds to be credited to your Keystart account approximately two weeks after the first progress payment is made to your builder. If you’ve purchased a newly built home, you should expect this to occur approximately two weeks after settlement. For Keystart customers, we allow you to use the FHOG funds towards your deposit. To make this happen, we advance (pay on your behalf) an amount equivalent to the FHOG to your settlement agent to be available at settlement.
From assessing your borrowing power and comparing lenders to managing approvals and settlement, we take care of the details so you don’t have to. Our tailored mortgage solutions make buying your first home simpler, helping you move forward with confidence and secure the right home loan from day one. While your immediate focus might be on purchasing your first home to live in, some buyers also consider investment loan options as part of their broader property strategy. If you're thinking about your first investment property down the track, it's worth understanding how investment loan applications differ from owner-occupier loans. Stamp duty can represent a significant cost when buying a home in Perth. However, Western Australia offers concessions and exemptions for eligible first-time buyers, which can save thousands of dollars.

The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates. The Good Neighbor Next Door (GNND) program helps eligible public service professionals buy a HUD-owned home at a steep discount in designated revitalization areas.
We pride ourselves on providing personal, high-quality service to all clients from large scale businesses to first-time borrowers. At Whiteroom Finance, we deliver tailored solutions specifically to suit your needs and goals. Your lender will issue you with a complete set of mortgage documentation.

They will then pass your details onto one of our specialists who can discuss finance solutions for your individual requirements. This subtle shift in buyer confidence has concentrated the bulk of active demand beneath the local median price point. An evaluation of the local landscape reveals an extraordinary growth trajectory that has pushed annual capital  gains to 26%. Perth home values jumped 2.1% in April alone, adding roughly $21,280 to the median dwelling value and leading the country in capital growth. For other dwellings in Perth (units, townhouses, apartments, terraces), the median price rose 1.8% in the quarter to $570,000, a 16.3% increase year-on-year.
This commission can be an upfront payment, usually around 0.65% – 0.70% + GST of the loan amount, and sometimes an ongoing trail commission of approximately 0.1% to 0.3% annually. The team at Strategic Mortgages Perth are some of Perth’s most sought-after mortgage brokers in WA. A division of Strategic Property Group, and supported by Strategic Settlements, Strategic Mortgages Perth is WA’s only full-service Mortgage Broking firm. The right strategy is not always about winning the property at any cost. It is about buying the right property at a price and repayment level that supports long-term financial stability. In March 2026, the RBA reported average new owner-occupier housing loan rates at 5.91%, with new owner-occupier principal-and-interest loans averaging 5.85%.