Good news, Perth, the Australian Government has fast-tracked its expanded 5% deposit scheme, so you can secure your first home sooner with lower costs.

Starting 1 October 2025, all first-home buyers nationwide, including in Perth, can access this:

-A 5% deposit only (around $30–$40k for typical properties)
-No Lenders Mortgage Insurance (LMI) saving you thousands
-No income caps, unlimited spots, higher price thresholds
-Perth property cap: $850,000 maximum eligibility

Perth Example

-Looking at Perth’s current property market:
-Median house price is $855,395, up 7.8% year-on-year
-Median unit price is around $611,755, also trending upward
That means:
A $40,000 deposit could unlock a $800,000+ home. You could save $25,000–$30,000 in LMI alone.

Perks for Perth Buyers

-Less deposit stress, more time enjoying life
-Scroll past decades of saving move in faster

Combine this with WA grants like the $10,000 First-Home Owner Grant (FHOG) or WA stamp duty concessions for even greater savings. Perth continues to outperform growth predictions (7-10%). This scheme drastically lowers your entry barrier while demand is still heating up. Greater LMI-free borrowing freedom opens more options & flexibility.

What You Should Do

Confirm eligibility for the 5% deposit scheme and WA specific grants
Explore properties within the Perth median price range
Connect with Loan WA today, we can guide your application and identify the strongest financing path

Apply