Buying your first home in Perth

Looking to buy your first home in Perth. Catherine Fury and her team can help you with everything you need to know. Get prepared today.

Catherine Fury
by Catherine Fury

Your local Mortgage Choice Broker in Perth CBD

Article published 01 November 2021

Why Perth is perfect for your first home

1 Record low rates

Buying your first home is such an exciting milestone, and luckily there has never been a better time to buy your first home in Perth! With record low rates, housing affordability still strong in Perth and with government incentives galore, there’s lots to take advantage of right now as a first home buyer.

2 Cheaper to buy than rent1 

In October 2021, the Perth median house price is $524,5892 and while this has been increasing, it is still lower than the majority of the other capital cities across Australia. In fact, because of the record low home loan rates we’re experiencing - it’s now actually cheaper to buy than rent in 112 suburbs across Perth!3

3 Strong housing growth

However, Perth property experts are predicting 15% house price growth over the next 12 months,4 so if you’re looking to buy it could be wise to get in quick before prices continue to rise. 

If you’re eager to buy your first home, it really pays to be prepared with your finances right now. Homes are selling quicker than ever before, with a median of just 18 days on market, compared to 50 days at the same time last year.5 Competition in the Perth property market is seriously heating up! 

So it’s important to chat with a mortgage broker about your options and getting home loan pre-approval so you can be confident when putting in offers and help fast-track your home loan application.

First Home Buyers Grant and what it means for you

When you’re buying your first home, you may be eligible for the First Home Owners Grant (or FHOG). In WA, it is a cash grant of $10,000 for first home buyers who are buying or building a new home. Unfortunately though, it is no longer available for those looking to buy an established property. 

When buying in the Perth metropolitan area, in order to be eligible for the First Home Owners Grant, the property you’re buying can be worth up to $750,000. This is well above the median house price in Perth, so it’s a great incentive to help you buy your first home. 

A great benefit of the FHOG is the funds can actually be considered as a deposit for your new home to help you buy your first home sooner!

TBA Couple Dancing Kitchen 400X400

Ready to buy your first home? Get your free home loan quote today.

How Mortgage Choice in Perth can help

Our team at Mortgage Choice in the Perth CBD have been in business since 2003 when we first opened the doors to our office in Shafto Lane in the heart of Perth City. We have decades of combined experience helping Perth locals get their first home loan and buy their dream first home. 

Over the years our team at Mortgage Choice in Perth CBD have been able to help hundreds of first home buyers take advantage of the First Home Owners Grant and get them in their first home sooner. 

If you’re looking at buying your first home, we will take the time to understand your situation and can check whether you’re eligible for the FHOG or any other government incentives on offer. At Mortgage Choice in Perth CBD, we can prepare and submit your FHOG application for you, allowing you to focus on getting into your new home sooner! 

If you want some more information, we’ve put together a great free guide on everything you need to know about buying your first home and the First Home Owners Grant. 

With over 8 years experience in the industry, I know buying your first home can be daunting and overwhelming, but it doesn’t have to be! My team and I are here to help guide you through the whole process and make it a simple and stress-free experience for you. 

At Mortgage Choice in Perth CBD we aim to make your first home buying experience simple and transparent. Firstly, we’ll sit down to chat about your current financial situation and goals. Then we will research and compare hundreds of different home loans from our panel of over 25 lenders to find the most competitive and suitable loan for you. 

Once we’ve helped find the right loan for you, we’ll take care of all the paperwork involved so you can save yourself a whole lot of time and hassle.

At Mortgage Choice in Perth CBD, our home loan service is at no cost to you. We get paid by the lenders so there is no charge to you when you work with our team. We are always available to answer any of your questions and help with your home loan. 

If you’re looking to buy your first home in Perth, book an appointment with myself and our team at Mortgage Choice in Perth CBD today. We offer an expert helping hand through your first home buying journey. 

Posted in: First home buyers

Catherine Fury
by Catherine Fury

Your local Mortgage Choice Broker in Perth CBD