LJ Hooker Settlement Agent Perth >> First Home Buyers >>

An Extra $2000 may be available to you as a First Home Buyer.

Budget changes may affect, but there is still some great assistance programs out there for First Home Buyers, and Director of L J Hooker Settlements, Janet Hryb, is keen to make sure first home buyers are aware of the Home Buyers Assistance Program ( HBAA ) offered by the State Government, which can provide up to $2000 towards some of the incidental expenses associated with buying your new first home. Mrs Hryb said she was astonished that most first home buyers she speaks to are not aware of the benefit available should they fit into the criteria for support.

For the applicants to be eligible for the grant they must meet the following criteria:
  • The purchase price of the home is $400,000 or less.
  • The applicant(s) must not own or have previously owned a dwelling in Western Australia. If one of the applicants owns or has owned a dwelling in Western Australia, then a partial grant may be made to the first home buyer applicant(s) equal to the percentage of their interest in the dwelling (provided all other criteria are satisfied).
  • The dwelling must have been purchased through a licensed real estate agent carrying on business in the State.
  • The dwelling purchased must be financed by a lending institution.
  • The dwelling must be established or partially built, not a plan to build a dwelling.
  • The dwelling purchased must be the applicant(s) principal place of residence.
  • The applicant(s) must intend to live in the home for at least the first 12 months (the home cannot be rented out during this time). Where the purchased dwelling has an existing tenancy in place, the grant is payable in certain circumstances.
  • The application should be lodged with the Department of Commerce no more than 90 days after the date on which the offer to purchase the dwelling was accepted.

    Whilst the grants cannot be used to buy vacant land or house and land packages, it proves to be a welcome relief to many to cover the extra costs incurred to purchase a home.

    For further information on how to apply down load the information from www.commerce.wa.gov.au/HBAA
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