First Home Buyers Perth | WA Grants & Keystart Loans | Benchmark Loans
First Home Buyers Specialists

Your Dream Home is Closer Than You Think

Navigate WA’s grants, secure low-deposit loans, and get expert guidance from Perth’s most trusted first home buyer specialists. We’ve helped 900+ first-timers become homeowners.

5%
Min. Deposit
$10k+
WA Grant
48hrs
Pre-Approval
Check Your Eligibility Book Free Consultation

900+ Perth first home buyers helped | No cost, no obligation

Expert WA Grant Guidance
5% Deposit Options
Free Service
Perth Suburb Experts
The Truth About First Home Buying

Let’s Bust Some Myths

If you think you need $130,000 saved or perfect credit to buy your first home in Perth, you’ve been misled. Here’s what’s actually possible:

MYTH: You need 20% deposit
REALITY: You can buy with as little as 5% (sometimes 2% with Keystart)
MYTH: You’ll pay $20,000+ in stamp duty
REALITY: First home buyers often pay $0 in WA
MYTH: Banks won’t lend to first-timers
REALITY: Lenders have special first home buyer programs
MYTH: It will take years to save enough
REALITY: You might be ready NOW (let’s check together)

Stop waiting. Let’s see what’s actually possible for you today.

Check My Eligibility Now
First Home Buyers Perth
900+
First-Timers Helped

Free Money for First Home Buyers

Western Australia offers some of Australia’s best first home buyer incentives. Here’s how to claim yours.

First Home Owner Grant

Up to $10,000

Cash grant to help with your deposit or purchase costs.

Eligibility Requirements

  • First home buyer (never owned property before)
  • Australian citizen or permanent resident
  • Property value under $750,000
  • Must live in the home for 6+ months

Grant Amounts

$10,000
New homes/land + build
$0
Established/existing homes
Check My Eligibility

Stamp Duty Exemption

Save $0 – $22,000+

Full or partial stamp duty waiver for first home buyers.

Full Exemption If

  • New home: Under $600,000
  • Established home: Under $430,000
  • Principal place of residence

Partial Concessions

$430k – $530k
Established homes range
~$17,000
Savings on $500k home
Calculate My Savings

Keystart Home Loans

From 2% Deposit

WA Government-backed low deposit home loans with no LMI.

Key Benefits

  • As low as 2% deposit
  • No Lenders Mortgage Insurance
  • Flexible income requirements
  • For low-moderate income earners

Income Limits (2024/25)

$110,000
Single (per year)
$165,000
Couple (combined)
Apply for Keystart

First Home Guarantee

5% Deposit + No LMI

Federal government guarantee that lets you avoid LMI with just 5% deposit.

Eligibility

  • First home buyer
  • Australian citizen or permanent resident
  • Individuals earn under $125,000
  • Couples earn under $200,000

Price Caps (Perth)

$650,000
Maximum property value
$15k – $30k
LMI savings
Check Availability

Important: Eligibility criteria and amounts are subject to change. We’ll help you navigate the latest requirements and maximize your benefits. All information current as of 2024/25.

How Much Do You Really Need?

Multiple pathways to homeownership, regardless of your savings situation

2-5%

Government-Backed Loans

Best for: Low-moderate income earners with small savings

  • Keystart loans from 2% deposit
  • First Home Guarantee (5% + no LMI)
  • Perfect for singles or couples
  • Income limits apply
Example: $500k home = $10k-$25k deposit
Most Popular
5-10%

Low Deposit + LMI

Best for: Those ready to buy now without waiting years

  • Available from most lenders
  • LMI can be added to loan (no upfront cost)
  • Faster path to ownership
  • No income limits
Example: $500k home = $25k-$50k deposit + $18k LMI added to loan
15-20%

Traditional Deposit

Best for: Those with larger savings wanting lower costs

  • No LMI if 20%+ deposit
  • More lender options
  • Better interest rates
  • Lower ongoing costs
Example: $500k home = $75k-$100k deposit
0%

Family Guarantee

Best for: Those with parents who can help (without giving cash)

  • Parents use their home equity
  • No cash gift needed
  • Avoid LMI completely
  • Guarantee can be removed later
Example: $500k home = $0 deposit needed

Not Sure Which Option Suits You?

We’ll assess your situation and show you every pathway available—including ones you didn’t know existed.

Get Personalized Deposit Strategy

Are You Ready to Buy?

Answer 6 quick questions to see your first home buyer options

Question 1 of 6

Have you ever owned property in Australia before?

How much do you have saved for a deposit?

What’s your gross annual income (before tax)?

If buying with a partner, add both incomes together

What type of employment do you have?

Can your parents help with a family guarantee?

(They don’t give you cash, they just use their home equity as extra security)

When are you looking to buy?

Real Perth First Home Buyers

How we helped locals just like you become homeowners

James and Emma

James & Emma, 28 & 27

Baldivis, WA

The Situation: Young couple renting in Fremantle, thought they needed to save $130k+ for a deposit. Were planning to wait another 5 years.

Our Solution: Showed them the First Home Guarantee scheme (5% deposit) + WA grants. Secured pre-approval in 48 hours with just $32,000 saved.

The Outcome: Bought their first home 2 years ahead of schedule. Property has already increased $80k in value.

“We honestly thought homeownership was years away. Benchmark showed us it was possible NOW. Best decision we ever made.”
Sarah

Sarah, 31

Ellenbrook, WA

The Situation: Single income, working as a teacher. Saved $18,000 but didn’t think it was enough. Banks kept declining her applications.

Our Solution: Identified she qualified for Keystart (low deposit loan for low-moderate income earners). No LMI needed.

The Outcome: Purchased a 3-bed, 2-bath home in a family-friendly suburb. Monthly mortgage less than previous rent.

“As a single woman, I thought homeownership was impossible on a teacher’s salary. The Keystart loan changed everything.”
Mark and Lisa

Mark & Lisa, 25 & 24

Joondalup, WA

The Situation: Recent graduates with good jobs but minimal savings ($8,000). Parents offered to help but didn’t have spare cash for a gift.

Our Solution: Set up a Family Guarantee using parents’ home equity. Allowed them to borrow 100% and avoid $22,000 in LMI costs.

The Outcome: Bought their first home with virtually no deposit. After 18 months, refinanced to remove parents from guarantee.

“Our parents wanted to help but couldn’t afford to give us cash. The family guarantee was perfect—they helped us without any financial strain.”

Ready to write your own success story?

Start Your Journey Today

Where Should You Buy?

Our local expertise helps first home buyers find the perfect suburb for their budget and lifestyle

Baldivis

45km South of Perth CBD

Median House Price
$550,000
Great schools
New shopping
Parks & rec

Fast-growing family suburb with excellent amenities. Perfect for first home buyers wanting space and value.

First Home Buyer Hotspot – Affordable with strong growth

Ellenbrook

25km NE of Perth CBD

Median House Price
$520,000
Multiple schools
Good transport
Young families

Well-established master-planned community with everything families need. Excellent value for money.

Smart Choice – Great lifestyle at affordable price

Need Help Choosing the Right Suburb?

We know Perth inside-out. Book a free consultation and we’ll create a personalized suburb shortlist based on your budget, lifestyle, and investment goals.

Get Suburb Recommendations

From Renter to Homeowner in 7 Steps

Our proven process for first home buyers in Perth

1. Free Discovery Call

30-minute chat to understand your situation, goals, and timeline. We’ll assess what you can afford and which grants you qualify for.

30 minutes
1

2. Grant & Eligibility Assessment

We identify every grant, concession, and government scheme you qualify for. Most first home buyers are eligible for multiple benefits.

Same day
2

3. Borrowing Capacity Calculation

We calculate exactly how much you can borrow across multiple lenders. You’ll know your realistic budget before house hunting.

24 hours
3

4. Pre-Approval

Secure conditional approval so you can shop with confidence. You’ll know exactly what you can afford and sellers will take you seriously.

2-5 business days
4

5. House Hunting Support

We provide ongoing support while you search. Need suburb advice? Market insights? We’re here.

Ongoing
5

6. Formal Approval & Finance

Once you’ve found your home, we handle all paperwork, order valuations, liaise with lenders, and manage the entire approval process.

7-14 business days
6

7. Settlement & Beyond

We coordinate with all parties for smooth settlement. After you move in, we stay in touch with annual reviews.

Lifelong support
7

Our First Home Buyer Promise

We’ll hold your hand through every step. No question is too small, no concern too silly. If we can’t get you approved, we’ll tell you exactly what you need to do to become ready—and we’ll help you get there.

First Home Buyer FAQs

Quick answers to the questions we hear most often

Can I really buy with just a 5% deposit?

Yes! Multiple options exist for 5% deposits including the First Home Guarantee (federal government scheme) and various lender programs. Some options like Keystart allow as low as 2% for eligible buyers. The key is having stable income, good savings history, and working with a broker who knows which lenders offer these programs.

Still have questions? We’re here to help.

View Complete FAQ Ask Us Directly
Ready to Take the First Step?

Your Dream Home is Waiting

Book a free, no-obligation consultation with Perth’s first home buyer specialists. We’ll show you exactly what you can afford, which grants you qualify for, and your fastest path to homeownership.

No cost consultation
Borrowing assessment
Grant eligibility check
Suburb recommendations
Book Free Consultation Call 08 9XXX XXXX

900+ Perth first home buyers helped | Average 48hr pre-approval

First Home Buyers

Let’s Get Started

Fill out this quick form and we’ll be in touch within 24 hours to discuss your first home buying journey

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Phone

08 9XXX XXXX
Mon-Fri 9am-5pm, Sat 9am-1pm

Email

firsthome@benchmarkloans.com.au
24hr response guarantee

Office

123 St Georges Terrace
Perth WA 6000
Free parking available

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Continue Your Research

Everything you need to know about buying your first home in Perth

Tools

Borrowing Power Calculator

See exactly how much you can borrow based on your income and expenses.

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Tools

Stamp Duty Calculator

Calculate your stamp duty costs and discover potential concessions.

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First Home Buyers

Complete FHB Guide

Download our comprehensive PDF guide (2024 edition) with everything you need to know.

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Help

Complete FAQ

Answers to 50+ common first home buyer questions.

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