First Home Owners Grant Western Australia
From 1 January 2010 in Western Australia, there will be a cap on the total value of buying or building for which the first home owner grant will be payable.
The cap limits the total value of properties (i.e. total value of home and land) to $750,000.00 or less, or if the home is located in the township of Kalbarri or north (26th parallel) to $1,000,000 or less.
Western Australia – The Home Buyers’ Assistance Account
In addition to the federal government’s First Home Owners’ Grant, Western Australian first home buyers may be eligible for The Home Buyers’ Assistance Account. The account, established and administered by the Real Estate and Business Agents Supervisory Board (REBA), provides a grant of up to $2,000 for the incidental expenses encountered when purchasing an established or partially built home through a licensed real estate agent.
The purchase price of the property must be $400,000 or less to be eligible, and submissions for the grant must be received by REBA within 90 days of contract acceptance. REBA provides a fact sheet on the grant.
To find out if you are eligible for first home buyer grants in WA, including the First Home Owners’ Grant, fill in the form below to talk to your local mortgage broker.
Find Out More On The WA First Home Buyers Grant
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Other First Home Buyer Concessions – Western Australia
The Western Australian Government also apply stamp duty exemptions and concessions to further assist first home buyers. You may be eligible for an exemption if your house is valued between $500,000 or land is valued up to $300,000; concessions may apply for properties above these values and are calculated on a sliding scale.
WA Office of State Revenue
The WA Office of State Revenue (OSR) administers the first home buyer grants for WA buyers. You can contact the WA OSR on (08) 9262 1400 or visit their website at www.dtf.wa.gov.au. REBA administers the Home Buyers’ Assistance Fund and can be contacted on (08) 9282 0836.
