We understand that conveyancing can be a daunting process, which is why we offer a friendly and personalised service. So, if you need help with your next conveyancing matter, please don’t hesitate to contact us. At Lewis Kitson Lawyers, we understand that the process of buying or selling property can be complex and stressful, so we aim to make it as simple and stress-free as possible for our clients. When it comes time to sell your property, you want the process to be as smooth and stress-free as possible.
Over the long term, the fundamentals haven't changed - population growth, housing undersupply, and Australia's wealth trajectory will continue to underpin property values. Auction clearance rates and listing volumes are the key indicators to watch in the short term, particularly in Sydney and Melbourne where listings are already running above their long-term averages. From 1 July 2027, negative gearing on established residential properties purchased after Budget night (12 May 2026) will be limited - First Home Buyer Loans Perth rental losses can only be offset against property income, not wages or other income.
From securing finance to finding the perfect location and designing your dream home, our comprehensive approach leaves no stone unturned. With WOW craftsmanship and a deep understanding of the West Australian housing industry, we’ll bring your ideal home to life in record time. Our build took 9 months to complete and the team at wow homes kept us up to date with all progress right until handover.
Additionally, first home buyers may be eligible for various West Australian State Government grants, which can make the process even more affordable. House and land packages offer numerous benefits, such as a simplified buying process, potential savings on stamp duty, and the ability to move into the perfect house tailored to your preferences. Additionally, our packages are all-inclusive, meaning you won’t have to worry about coordinating with multiple parties or unexpected costs. In Western Australia, you only pay stamp duty on the land portion of your house and land package, not the house itself.
You may need to act faster, complete contract reviews earlier and have a firm bidding strategy. If clearance rates are falling, look for passed-in properties and vendors who may be more open to negotiation. If you are planning to buy your first home in Australia, understanding market timing and loan strategy is critical.
Some government schemes, like the first home guarantee WA, might help you avoid LMI, even with a smaller deposit. Whether you are a first home buyer or an experienced investor, there are a lot of factors to consider with any property transaction, from the type of property you want to buy, to your budget and financial situation. A settlement agent will work with you to understand your specific needs and requirements and ensure that all the necessary paperwork is in order before settlement day. There are many benefits to using professional conveyancing services or a settlement agent when buying or selling property.
Panos advised potential buyers to think long term, suggesting a horizon of three to 10 years rather than one to three years. “I can’t see first home buyers actually upgrading into a property in Point Piper,” he said. "The Cook LaborGovernment is doing more to increase supply through innovative newmeasures set to deliver thousands of new homes exclusively for first homebuyers across the State." "This year's State Budgetis delivering the biggest ever package to support first home buyers becauseevery Western Australian deserves the opportunity to own their home.
We will help explain the different home loan options available to you, the home buying process, and the different types of government grants that maybe be available to you. This means that buyers of existing homes are no longer eligible for the grant, but they can apply for the First Home Owner Rate of Duty (FHOR of duty). An additional “boost” payment of $5000 may also apply if the contracts for the sale were signed to purchase or build a new property, or owner-builders laid the foundations, between 1 January and 30 June 2017. Even if a lender does not accept FHOG funds as part of your deposit, being eligible for it may still help you when applying for a loan.
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 pay respects to all Aboriginal elders and people and stand united towards a shared future. It's so far unclear who will be able to access the homes, beyond the baseline requirement that it will only go to people who have never purchased property. This is a higher cap than under the current scheme, which is set at the median house price (averages are generally higher). Labor's new plan is to expand that scheme to all first home buyers, doing away with the income test and cap on availability.
In Sydney, there was only 1.9 people per open home, compared to 2.2 last week and 3.5 last year. Open home attendance fell to 2.1 attendees per property, down from 2.5 last week and below 3.4 at the same time last year. Nerida Conisbee, chief economist at real estate giant Ray White, said an analysis of about 12,000 open homes in the week to May 16 showed a national drop in attendance.
We made this infographic to show you how property prices in Australia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. Perth property prices increased by approximately 15% to 18% over the past 12 months, making it one of the strongest-performing capital city markets in Australia during this period. Perth property prices have risen faster than any other Australian capital city over the past five years, and the market remains tight heading into 2026. In other words, there will be little impetus for capital growth at the lower end of the property market.
The property price caps have jumped significantly in some cities — they're now up to $1.5 million in Sydney and $1 million in Brisbane and Canberra. The federal government had planned for the changes to begin in 2026, but moved them forward to October to help “Australians realise their dream of home ownership sooner”. “A smaller deposit typically means a bigger loan, higher monthly repayments and potentially a higher interest rate. For a house with a price tag of $920,000, and the same 5 per cent deposit, buyers would be slugged $36,730 in LMI.
And for investors, interest-only loans are often used to maximise cash flow during the early years of property ownership. There are a few core types of home loans available in WA, and the right one for you depends on your goals, income, and whether you’re buying to live in or invest. Depending on your situation, these funds can also be used to cover Keystart's fees and even your settlement agent fees. Don't worry - your broker or Keystart Home Loan Specialist will go through the fees with you and will let you know what you may be required to cover well before settlement. If you haven't owned a home before, you may be eligible for both the First Home Owner Grant, a one-off payment funded by the State Government, as well as stamp duty concession.
First Home Buyers Perth Compare Home Loan Options
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