A Home Buyers Assistance Account grant pays up to $2,000 of incidental expenses for first-time home buyers in Western Australia.
These expenses can include:
- mortgage registration
- solicitor or conveyancing fees
- valuation fees
- inspection fees
- establishment fees
- mortgage insurance premiums
- other fees related to buying your first home.
The scheme is funded by interest from real estate agents' trust accounts.
Eligibility criteria
- the price of the home must be $500,000 or less
- you must not own or have previously owned a home in WA.
- If joint purchasing a property and one applicant has previously owned a home, a partial grant may be made (if all other criteria are met).
- the home must have been purchased through a licensed real estate agency in WA
- the home must be financed by a lending institution, which must also lodge the application on your behalf
- the home must be established or partially built at contract acceptance
- the home purchased must be your principal place of residence
- you must intend to live in the home for at least the first 12 months (the home cannot be rented out during this time)
- if there is an existing fixed-term rental agreement, it must end within six months of settlement. Then the applicant must live in the home for 12 months.
- applications should be lodged within 90 days of settlement. Late lodgements may be allowed in exceptional circumstances.
How to apply
You must complete the application form and follow the instructions on the application form. If you have any further queries, call (08) 6552 9484 or 1300 30 40 54.
For further information and guidance on applying read A guide for first home buyers.
First home owner grant (FHOG) and first home owner rate of duty
First home owners may also be eligible for the State Government's first home owner grant and/or concessional first home owner rate of duty.
For further information, contact the Department of Finance on (08) 9262 1299 or 1300 368 364 (WA country callers only).