Buying your first home in WA may be more achievable than you think, and we’re here to help! We’ve rounded up some of the key updates, industry info, home owner grant details and other ‘need-to-knows’ to guide you on your Perth property journey.
This next stage of life will be individual to you, your circumstances and your family - but it helps to know what you have available in your toolkit to make it a smoother and more enjoyable experience. Whether you’re exploring your first block of land, or ready to speak with a builder, here’s a clear guide to the grants and concessions available in Western Australia (and how to use them to your advantage at Mundi estate).
Remember to do your own research, speak with your broker or financial institution for professional advice, and stay as informed as possible throughout your journey. Updates can happen often so it’s important to keep learning and asking questions!
It’s time to grab a cuppa, take a deep breath and settle in for our top 4:
1. WA First Home Owner Grant (FHOG)
The first on our list and one of the most important to stay across! The WA First Home Owner Grant is a one-off $10,000 payment available to eligible buyers who are:
- Building a brand-new home
- Purchasing a newly constructed home
- Planning to live in the home for at least 6 months
- Buying their very first property in WA
This $10,000 grant can be put toward construction progress payments or used to reduce your upfront costs - a huge help when you’re planning your first build. Be sure to carefully check your eligibility and read through the First Home Owners Grant Guide which you can find here.
How it applies at Mundi:
To be eligible for FHOG, the value of your house & land package must not exceed $750,000. With the range of affordable lots available in Mundi, you can work with your builder to create house and land packages that allow you to take advantage of the grant.
2. First Home Buyer Stamp Duty Concessions
WA remains one of the best states for stamp duty savings! First home buyers purchasing land or house and land packages in Perth may be eligible for major reductions in transfer duty, depending on the lot price you're looking at.
For example:
A buyer purchasing a $300k lot could save thousands compared to standard transfer duty rates - money that can instead go toward your build, landscaping, current rent or pre-start upgrades!
Check your eligibility and calculate what your concessions may look like depending on your land purchase. You can find out more information here.
3. Keystart’s Updated Eligibility (2024–2025)
Keystart has made home ownership more accessible by:
- Increasing income limits
- Allowing deposits as low as 2%
- Removing Lenders Mortgage Insurance (LMI)
- Offering flexible lending options for singles, couples and families
With rising property prices across Perth, these changes can significantly boost your borrowing power. Make sure you check in for updates because terms are regularly reviewed against the median house price.
More recently, the property price cap has been raised to $800,000* for house and land packages, and the income limits are now $148,000* for singles and $218,000* for couples/families (*as of August 2025 - subject to change).
You can find out more information here: Low Deposit Home Loan (including Modular)
4. The Aus Government’s 5% Deposit Scheme
The Aussie Government’s 5% Deposit Scheme helps eligible first home buyers and single parents purchase a home with, you guessed it, a deposit as low as 5% (without paying Lenders Mortgage Insurance!).
So how does it work?
Under the scheme, the government guarantees part of the loan, which allows participating lenders to offer lower-deposit home loans and reduce upfront costs. This can be a big help if saving a 20% deposit feels out of reach.
Keep in mind there are income limits and property price caps, so make sure you check eligibility through a participating lender or broker.
Find out more info here.
Using These Benefits at Mundi
If you are looking at the Mundijong area and interested in Mundi Estate, here’s how first home buyers typically combine the incentives we’ve covered so far:
- Check eligibility for FHOG, concessions, schemes and Keystart
- Speak to a broker or Keystart specialist
- Secure your preferred lot at Mundi
- Begin your builder consultation
- Apply FHOG at construction drawdown
Ideally if you are purchasing your first home then combining FHOG with Keystart or the 5% Deposit Scheme, to reduce upfront costs, should mean you can get into your new home faster. It should also help to simplify your approval process. However, do your research and seek guidance from your broker / financial institution / builder for their professional recommendations.
The fully inclusive fencing and front landscaping package at Mundi will also help you on your way to bringing your home building dreams to life.
First Home Buyer Need-To-Knows About Mundi Estate
Where you choose to build your first home is just as important as how. Mundi is designed for connected, family-friendly living with:
- Affordable lots with strong potential future value - this is a growing area!
- Close to schools, shops and key transport routes, with so much more to come.
- Plenty of green space, walking paths and community amenities - with stunning forever bush and the beautiful Serpentine-Jarrahdale national parks nearby.
- Exciting family parks, sports courts and a cafe are in planning at Mundi, so you can run, play and explore close to home.
- First homebuyer options by some of WA’s top builders.
- Handy location, only 45 mins to the CBD or the airport for work commutes.
- A community and area that will grow with you, as you and your kids grow through each stage of life.
- Close-knit neighbours who genuinely care and connect through community events like the Jarrahdale-Serpentine local markets.
Ready to start your journey?
Visit our Mundi Information Bay at the corner of Taylor Road and Scott Road in Mundijong. And be sure to subscribe for updates and future lot releases here.
Disclaimer:
The information in this article is general in nature and does not take into account your personal financial situation, objectives or needs. It should not be considered financial, legal or taxation advice. Before making any decisions, you should seek independent professional advice from a licensed broker, adviser, financial institution or relevant government authority. Grant/scheme criteria, eligibility requirements and lending policies can change at any time, and are at the discretion of the lender, so please ensure you check the most up-to-date information from official sources.
