Dreaming of owning your first home? The 2025 Federal Election has delivered a game-changing boost for first home buyers, making it easier than ever to step onto the property ladder in Perth.
Here’s what’s new and why it matters to you:
Buy with Just a 5% Deposit-No Lenders’ Mortgage Insurance!
Thanks to expanded government support, you can now secure your first home with as little as a 5% deposit and pay no Lenders’ Mortgage Insurance (LMI). That’s a saving of thousands of dollars right from the start, as the government will guarantee a portion of your loan.
Property Price Caps Raised to
$850,000 in Perth
The property price limit for first home buyer schemes in Perth has jumped to $850,000, opening the door to more options in a rapidly growing market. Even better, there are no income limits, so whether you’re a single professional or a couple, you’re eligible to apply.
Student Debt? No Problem!
If you’ve been worried that your HECS or HELP debt might hold you back, expanded schemes mean banks are being encouraged to look past student loans, giving more young buyers a fair go.
Real Pathways for Every Buyer
Whether you’re just starting to save, have a smaller deposit, or are managing student debt, new and expanded government schemes-including increased stamp duty concessions-are making home ownership more accessible than ever.
Support at Every Step
The journey to your first home can be daunting, but you don’t have to go it alone. Our team at Winning Homes IQ is here to guide you through every stage, from understanding your eligibility to unlocking the best incentives for your situation.
Your dream house and land package is closer than you think. With these new opportunities, 2025 could be the year you finally get the keys to your own place!
