First Home Buyer Loans Perth Home Loans & Mortgages

"Perth home values have more than doubled over the past five years," Ms Creagh added. "The median home value in Perth now sits just above $1.02 million, highlighting how rapidly affordability has deteriorated for aspiring first-home buyers. Another $250 million will fund a new pre-sale guarantee scheme designed to help developers get new housing projects off the ground. My partner and I approached Home Loan Experts for our first home loan. For a full breakdown of eligibility, read our guarantor home loan guide.
Highly recommended him for a seamless and informed home buying experience at Perth Home Brokers. While upfront costs are lower, home buyers are still completely responsible for servicing the loan, and will need to First Home Buyer Loans Perth factor in stamp duty and application fees. Mortgage lenders assess  your borrowing capacity by analysing your income, expenses, and any existing debts, such as car loans, personal loans, or credit card payments. The primary objective for lenders is to ensure your ability to manage regular home loan repayments.

It is also important to compare auction data with lending conditions. The ABS reported that in the March quarter 2026, the number of new owner-occupier first home buyer loan commitments fell 4.3% for the quarter, while the value of those commitments fell 6.7%. This suggests that even when buyers remain active, finance conditions and affordability can influence how many first home buyers are able to proceed. Ms Mercorella warned that buyers still needed to be aware of the financial risks inherent in home loans. She added that under the old caps, first home buyers in Perth had access to just two suburbs with a median house value under the $600,000 limit, Medina ($590,786) and Mandurah ($589,965).
Assess your current financial situation, including savings for a deposit, debt levels, and income stability. First home buyers may need to demonstrate financial readiness to lenders when applying for a first home buyer loan or comparing different first home buyers mortgage products. This process involves verifying your financial health and determining how much you can borrow. Pre-approval helps you shop for a home within your budget, whether you’re looking to buy an established home or build a new one in the Perth metropolitan area. Many applicants choose to work with a mortgage broker for first home buyers at this stage to strengthen their application. This is a one-off payment designed to assist first-time homebuyers in purchasing or building their new home.
Brisbane’s growth will moderate but remain solid, with units continuing to outperform. Adrian Portelli says one act will destroy the funding engine behind his new budget independent supermarkets and petrol stations. Ms Conisbee said although Sydney’s median price, which sat at around $1.64 million, was “still relatively stable”, vendors needed to adjust expectations.

The amount you can borrow for a home loan depends on several factors, including your income, expenses, and the lender's policies. To get an accurate estimate, you can use our Borrowing Power Calculator. The answer depends on many factors, including location, market conditions, and your personal preferences. Building a home can offer unique customisation and means that everything is new, while buying an existing property can be much faster although some minor repairs or renovations may be necessary.
We keep the process Simple, Acquire Your dream property in just 5 easy steps... To get a better feel of what type of property would work best for you, our Perth buyer’s agency will need to get to know you better. Your goals, desires, wants, and needs will allow us to formulate a clear picture of your property requirements. You can think of us as the helping hand, listening ear, and guiding light that won’t leave your side until you are clutching your brand new house keys.

Hobart and Darwin’s asking prices were slightly up, with the average national figure rising a marginal 0.2 per cent over the past month and 0.1 per cent over the quarter. SQM Research’s data to May 19 revealed Sydney asking prices for the month were down 0.7 per cent, and fell two per cent over the quarter. “You can see that asking prices peaked at about February and have been falling ever since,” he said.
If these aren't met, the guarantee may no longer apply, and your lender may require you to pay Lenders Mortgage Insurance or other additional costs. From 1 October 2025, the changes to the Scheme meant no income caps, no waitlists and no Lenders Mortgage Insurance. It will reduce your upfront costs and get you on the path to home ownership sooner.
We understand that every individual’s financial situation is unique. We take the time to understand your goals and tailor financial solutions that align with your needs and aspirations. Single parents can buy with just 2% deposit under this government-backed scheme. Your broker explains all WA first-home buyer incentives, including eligibility and how they affect borrowing power.

My read is that the market was already moderating before any of this happened. New builds remain fully exempt - investors who buy newly constructed properties can still negatively gear and choose between the old or new CGT treatment. You can either apply for a First Home Loan pre-approval or a final approval.
And the repayments would be a whopping $8,091 per month or around $2,000 a week. In the nation's capital, the price cap has increased from $750,000 to $1 million. The average income for a single person is still lower at $100,479 but there is a significant wage gap, allowing couples to qualify.

Gerry can also help you with reducing interest rates, repayments or advice on paying off your home sooner. Refinancing your loan so it works better for you can help save your money or give you the money to renovate, buy a new car or go on holiday. We’ve helped Perth locals from all walks of life and borrowing scenarios. From first home buyers borrowing with 5% deposits, right  through to multiple property purchase transactions in the millions, we’ve done it all.
I would 100% recommend them to anyone as they are people you can trust. Applying for a construction loan can seem confusing, but with an experienced finance broker it doesn’t have to be. Gerry can help you understand how construction finance works and help you with all of the paperwork required. This offer is available to owner-occupiers and investors, and it’s not limited to first-home buyers. As you build equity in your new property and pay down the loan, the guarantor can eventually be released from the agreement.