First Home Buyer Mortgage Broker in Perth

Luxe Finance Group is a trusted first home buyer mortgage broker in Perth, Western Australia. We help Perth buyers access the WA First Home Owner Grant, stamp duty concessions, the Federal First Home Guarantee Scheme, and the right home loan from our panel of 30+ lenders.

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First Home Buyer Mortgage Broker Perth Helping You Access Grants Schemes and the Right Loan

Purchasing your first home in Perth is one of the most significant financial decisions you will make. With the right guidance from a first home buyer mortgage broker in Perth, you can take full advantage of the grants, concessions, and low deposit schemes available to Western Australia buyers right now. At Luxe Finance Group, we work exclusively on your behalf, comparing options across 30+ lenders to find a loan structure that suits your goals and your budget.

As a Perth-based first home buyer mortgage broker, we understand the local property market and the specific incentives available to Western Australia buyers. Whether you are purchasing an established home, building new, or exploring a house and land package, we will map out a clear strategy from your first consultation through to settlement. Our team handles the paperwork, liaises with lenders, and keeps you informed at every stage.

We also assist first home buyers across Western Australia, New South Wales, Victoria, Queensland, South Australia, and the ACT. No matter where you are purchasing, our team is equipped to identify the grants and schemes relevant to your state and situation.

First Home Buyer Grants and Schemes in Perth WA

Perth first home buyers currently have access to three significant government initiatives. Understanding how each one works and whether you qualify is a core part of what a first home buyer mortgage broker in Perth does for every client.

WA First Home Owner Grant

The Western Australia First Home Owner Grant (FHOG) is a one-off payment of $10,000 for eligible buyers purchasing or building a new home. To qualify in the Perth and Peel regions, the property value must not exceed $750,000, and the property must be located south of the 26th parallel. The grant is only available for new homes, including off-the-plan purchases and construction loans, not established properties. Your Luxe Finance Group broker will confirm your eligibility and manage the FHOG application as part of your loan process.

WA Stamp Duty Concessions for First Home Buyers

As of March 2025, Western Australia offers significant stamp duty relief for first home buyers purchasing in the Perth and Peel regions. Homes valued up to $500,000 attract no stamp duty at all under the First Home Owner Rate of Duty. For properties valued between $500,001 and $700,000, a concessional rate applies on a sliding scale. This concession applies to both new and established homes, making it one of the most valuable financial benefits available to Perth first home buyers regardless of whether they are buying new or existing.

Federal First Home Guarantee Scheme from 1 October 2025

From 1 October 2025, the Federal First Home Guarantee Scheme is open to all eligible Australian first home buyers with no place limits and no income caps. Buyers can purchase with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI), with the government guaranteeing up to 15% of the loan. In Perth, the property price cap under this scheme is $850,000. This is a significant improvement on previous versions of the scheme and means that more Perth buyers than ever can access LMI waivers and enter the market sooner. Book an appointment with our team to confirm your eligibility and secure your place.

Why Use a First Home Buyer Mortgage Broker in Perth

Working with a first home buyer mortgage broker in Perth gives you access to a broader range of lenders and loan products than you would find by approaching a single bank directly. A broker compares policies, rates, and features across the entire panel to find the most suitable option for your circumstances. This is particularly important for first home buyers, where small differences in loan structure or lender policy can have a significant impact on your repayments and long-term financial position.

A dedicated first home buyer mortgage broker in Perth also understands which lenders are most likely to approve your application based on your income, deposit, and credit profile. Rather than submitting multiple applications and risking damage to your credit score, your broker identifies the right lender from the outset. We also manage your eligibility for the Home Guarantee Scheme, the WA FHOG, and stamp duty concessions, ensuring you do not miss out on entitlements that could save you tens of thousands of dollars.

Beyond the initial purchase, your Luxe Finance Group broker remains your lending partner for the long term. From reviewing your loan at 12 months to supporting your next property move, we are here to ensure your financial position continues to strengthen. If you are considering a house and land package or want to understand how your first home could one day become an investment, we can help you plan ahead with confidence.

First Home Guarantee Scheme Changes from 1 October 2025

No place limits: all eligible Australian first home buyers who have saved a 5% deposit can apply.
No income caps: first home buyers across all income levels can access the Scheme.
Higher property price caps: updated to reflect current property values, with Perth metro set at $850,000.
Simpler access: the Regional First Home Buyer Guarantee will be replaced by the expanded First Home Guarantee.

Book a strategy session to find out how to apply for the First Home Guarantee Scheme as a Perth buyer.

First Home Buyer Mortgage Broker Perth Guide to Home Loan Types

Understanding your home loan options is one of the most important steps you will take as a first home buyer in Perth. This guide covers the key loan types available so you can make an informed decision that aligns with your financial goals. Your Luxe Finance Group broker will walk you through each option and recommend the structure that suits your situation.

Owner Occupied Loans for First Home Buyers in Perth

Owner Occupied Home Loans are designed for buyers who intend to live in the property as their primary residence. These loans typically attract more favourable interest rates than investment loans because lenders view them as lower risk. For Perth first home buyers, this loan type is often the starting point and can be structured as either principal and interest or interest only depending on your goals. Choosing the right structure from day one can make a meaningful difference to your repayments and the equity you build over time.

Interest Only Loans

Interest Only Loans allow you to pay only the interest component of your loan for a set period, typically between five and ten years. This arrangement reduces your monthly repayments in the early years, which can be useful if you are managing other upfront costs associated with buying your first home in Perth. It is important to plan ahead for the end of the interest only period, when repayments will increase to cover both interest and principal. Your broker will help you assess whether this structure suits your income and longer-term financial plan.

Principal and Interest Loans

Principal and Interest Home Loans require repayments that cover both the interest charged and a portion of the loan balance. Over time, your outstanding debt reduces with every payment, helping you build equity in your Perth property steadily. For many first home buyers, this structure offers clarity and long-term financial security. Each repayment brings you closer to owning your home outright.

Variable Rate Loans

Variable Rate Loans carry an interest rate that moves in line with market conditions and the Reserve Bank of Australia's official cash rate decisions. When rates are stable or falling, this loan type can reduce your monthly repayments and offer flexibility such as additional repayments and redraw facilities. However, repayments can rise if interest rates increase, so maintaining a financial buffer is advisable. This option suits Perth first home buyers who value flexibility and are comfortable with some variation in their monthly costs.

Fixed Rate Loans

Fixed Rate Loans allow you to lock in an interest rate for a defined period, commonly one to five years, giving you certainty over your repayments regardless of market movements. This predictability can be particularly valuable when you are managing a first home budget for the first time. While you may not benefit immediately if market rates fall during your fixed period, the security of knowing exactly what you owe each month has real value. Your Luxe Finance Group broker will help you weigh up the trade-offs between fixed and variable options based on your circumstances.

As a first home buyer mortgage broker in Perth, Luxe Finance Group is here to help you select the loan type that positions you for long-term success. Whether you are drawn to the certainty of a fixed rate, the flexibility of a variable loan, or a split structure that combines both, we will present your options clearly and support you through every decision. Contact us today to get started.

Ready to Get Started as a First Home Buyer in Perth

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First Home Buyer Mortgage Broker Perth Application Process

1. Booking Your Strategy Session

Your loan process begins with a scheduled appointment, either in person at our West Perth office, via video, or over the phone. During this stage, we confirm your goals and timelines, whether you are purchasing, refinancing, or investing, and outline what to expect in the process ahead. You will receive a welcome email containing a digital fact find and a tailored document checklist. To ensure an efficient consultation, we ask that you prepare supporting documents including identification, proof of income, and details of any liabilities.

Outcome: Establish a relationship with a professional who sits on your side of every transaction.

2. Financial Review and Strategy Consultation

Before the consultation, we undertake a preliminary review of your financial position, including income, assets, liabilities, credit history, and ongoing expenses. This allows us to tailor the discussion and present relevant options from the outset. In your consultation, we explore your financial and lifestyle goals, property strategy, and any applicable structures such as trusts or companies. We also assess your eligibility for relevant government incentives including the First Home Guarantee Scheme or stamp duty concessions available to Perth buyers.

Based on your banking conduct and preferences, we assess your borrowing capacity across our panel of lenders and outline strategic loan structuring options that suit your objectives.

Outcome: A clear understanding of your financial position and an aligned loan strategy with relevant lenders shortlisted.

3. Lender Policy Analysis and Pricing Strategy

With your financial position and goals clarified, we conduct a targeted analysis of lending policies, ensuring shortlisted options align with your needs. We assess more than just interest rates, considering policy fit, speed of assessment, and the lender's risk appetite. We also explore your eligibility for government schemes, request discretionary pricing where applicable, and assess structural elements such as fixed vs variable rates or offset accounts. This stage ensures we present a tailored shortlist of lending options with clearly outlined pros and cons.

Outcome: A transparent shortlist of suitable and well-priced options, enabling informed lender selection.

4. Confirming Lender Selection

Once pricing, policy, and structure have been finalised, we present a clear recommendation for the most appropriate lender and product. This includes confirming the fixed and variable interest mix, identifying features such as redraw or offset facilities, and exploring any cashback offers or ongoing fee waivers. At this stage, we will also determine whether your application proceeds as a pre-approval (for property search) or formal approval (if a contract is already in place).

Outcome: Lender confirmed and loan documentation prepared.

5. Lodgement and Progress Management

We manage your application from submission through to decision, ensuring accuracy and efficiency throughout. This includes compiling all required documentation and submitting the application via lender platforms. You will receive real-time updates via email, SMS, or phone, and we will proactively engage with credit assessors, escalate where necessary, and manage any information requests to avoid delays.

Outcome: Application lodged and professionally managed through to decision.

6. Pre-Approval or Formal Approval

At this stage, your application is assessed and conditionally or formally approved. If you are still searching for a property, a pre-approval provides a 90-day conditional lending limit, allowing you to negotiate confidently and act quickly when the right opportunity arises. If you have already secured a property, formal approval will be issued once all conditions, including a satisfactory valuation and compliance checks, are met. This approval unlocks the final steps toward property ownership.

Outcome: You are formally equipped to secure your property or finalise your purchase with full lender support.

7. Settlement and Ongoing Support

We work closely with your solicitor or conveyancer and your lender to ensure settlement proceeds smoothly. This includes coordinating document signing, verifying disbursement instructions, and managing final loan conditions. Post-settlement, we assist you in setting up access to your loan account, offset arrangements, and repayment schedules to ensure everything is in order.

Outcome: Settlement complete and your new property is now funded and fully operational.

8. Post-Settlement Check-In and Loan Strategy Review

Our commitment does not end at settlement. Luxe Finance Group provides ongoing guidance, with check-ins at 6 and 12 months to review your loan's performance and ensure it remains well-priced. We offer annual repricing services, refinancing alerts when suitable, and structured discussions for future borrowing strategies. Whether you are planning renovations, expanding your portfolio, or simply monitoring market movements, we remain your trusted lending partner.

Outcome: You stay ahead of market movements with a strategy that evolves alongside your financial goals.

Ephraim Kowo

Great to work with Dino . Very helpful and goes far ahead in ensuring that you get the help you need

Therese Cappek

Jay helped my fiancé and me with our mortgage whilst we were overseas and gave us excellent advice from afar, creating a smooth, enjoyable and easy experience for us, with an absolutely amazing outcome which we are extremely happy with and thankful for!

Lily Grace

Jay and Linh assisted me throughout the entire process of buying a property, and I genuinely couldn't have asked for better support. From the very first conversation to settlement, they were responsive, knowledgeable, and always one step ahead. They took the time to explain everything clearly, answered every question patiently, and made what is usually a stressful experience feel completely manageable. Their professionalism and care were obvious at every stage. I wouldn't recommend anyone else. If you're buying a property, you're in the best possible hands with Jay and Linh.

Frequently Asked Questions for First Home Buyers in Perth

Can I get a home loan if I'm self-employed in Perth?

Yes, self-employed borrowers can obtain a home loans, though the application process requires additional documentation and careful preparation. Traditional lenders typically require two years of tax returns, financial statements, and accountant-prepared documentation to assess your income stability. Some lenders offer low-doc or alt-doc products that require less documentation but usually come with higher interest rates and lower loan-to-value ratios. At Luxe Finance Group, we work with numerous lenders who have varying appetites for self-employed borrowers, including specialist non-bank lenders who may consider your application based on bank statements or business activity statements. We help structure your application to present your income in the most favourable light and identify lenders most likely to approve your circumstances, potentially saving you time and multiple credit enquiries.

What additional costs should I budget for when buying property in Perth?

Beyond your deposit, several additional costs apply when purchasing property in Western Australia. Stamp duty is calculated on a sliding scale based on property value - for a $500,000 property, expect approximately $17,765 (though first-home buyers may receive concessions). Legal or conveyancing fees typically range from $1,200-$2,500 depending on complexity. Building and pest inspections cost around $400-$800 combined. Loan application fees vary by lender from $0-$600. If paying less than 20% deposit, lenders mortgage insurance can range from $2,000-$20,000+ depending on loan amount and deposit size. Other costs include mortgage registration fees ($185), title search fees ($40), and moving expenses. You should budget approximately 3-5% of the purchase price for these additional costs. Luxe Finance Group provides detailed cost estimates during the pre-approval process to help you budget accurately.

How much does it cost to use a mortgage broker in Perth?

At Luxe Finance Group, our mortgage broking services are typically provided at no direct cost to you as the borrower. We receive our remuneration through commissions paid by the lenders when your loan settles successfully. This upfront commission is usually between 0.55% and 0.70% of your loan amount, followed by a smaller ongoing commission throughout the life of your loan. This payment structure means we can provide our expertise and guidance without you paying broker fees upfront. However, there may be instances where we offer fee-for-service arrangements for complex scenarios or when working with certain lender types. We'll always discuss our fee structure transparently before commencing work on your application.

How long does the mortgage approval process typically take in Western Australia?

The mortgage approval timeframe can vary significantly depending on several factors including lender choice, loan complexity, and documentation completeness. Generally, pre-approval can be obtained within 3-7 business days for straightforward applications with major lenders. Full approval and settlement typically takes 4-6 weeks from application submission, though this can extend to 8-10 weeks during busy periods or for more complex scenarios. Self-employed borrowers, investment loans, or construction loans may require additional time for assessment. At Luxe Finance Group, we work to expedite this process by ensuring all documentation is complete and accurate before submission, maintaining regular contact with lenders, and providing updates throughout the process. We also help manage settlement timelines to align with your property purchase contracts.

What services does Luxe Finance Group offer to clients in Perth?

Luxe Finance Group provides comprehensive mortgage broking and finance services throughout Perth and Western Australia. Our services include home loan assistance for first-time buyers, investment property financing, commercial lending solutions, and refinancing options for existing mortgages. We work with over 30 lenders across Australia to source suitable loan products tailored to your specific circumstances. Our team also assists with pre-approvals, construction loans, self-managed super fund lending, and asset finance for vehicles and equipment. We pride ourselves on delivering personalised service and maintaining ongoing relationships with our clients throughout their property and investment journey.

What documentation do I need to prepare for a home loan application?

Documentation requirements vary based on your employment type and loan complexity. PAYG employees typically need recent payslips (usually last 4), tax returns or notice of assessments for 1-2 years, bank statements for 3-6 months, and employment confirmation. Self-employed applicants require tax returns for 2 years, profit and loss statements, balance sheets, and business bank statements. All applicants need identification (driver's licence and passport/birth certificate), proof of deposit savings, details of existing debts and assets, and council rates notices for any properties owned. If receiving rental income, provide lease agreements and rental statements. For purchases, you'll need the contract of sale and any building reports. Luxe Finance Group provides a comprehensive checklist tailored to your specific situation and lender requirements. We review all documentation before submission to ensure accuracy and completeness, reducing the likelihood of delays or additional requests from lenders.

How does refinancing work and when should I consider it?

Refinancing involves replacing your existing home loan with a new loan, either with your current lender or a different institution. This process can help you secure lower interest rates, access additional features, consolidate debts, or release equity for other purposes. You should consider refinancing when interest rates drop significantly below your current rate, when your circumstances change, or when your current loan lacks features you now require. The refinancing process involves application, valuation, approval, and settlement, typically taking 4-6 weeks. Consider the costs involved, including discharge fees from your current lender (usually $150-$400), application fees for the new loan, and potential valuation costs. At Luxe Finance Group, we regularly review our clients' loans and market conditions to identify refinancing opportunities. We calculate whether the potential savings justify the switching costs and handle the entire refinancing process on your behalf.

What deposit do I need to buy a house in Perth?

The deposit requirement varies depending on your circumstances and the loan product you choose. Traditional lending requires a 20% deposit to avoid lenders mortgage insurance (LMI), so for a $500,000 property, you'd need $100,000 plus additional costs for stamp duty, legal fees, and inspections. However, many lenders accept lower deposits of 5-10% with LMI, which is an insurance premium protecting the lender. First-time buyers may access the First Home Guarantee Scheme, allowing purchases with just 5% deposit without LMI for eligible properties. Some lenders offer family guarantee products where relatives use their property equity to reduce or eliminate deposit requirements. At Luxe Finance Group, we assess your situation to identify the most suitable deposit strategy and explore all available options to help you enter the property market sooner.

Should I fix my interest rate or choose a variable rate in the current market?

The decision between fixed and variable interest rates depends on your personal circumstances, risk tolerance, and market outlook. Variable rates offer flexibility to make extra repayments and access features like offset accounts, and they may decrease if the Reserve Bank of Australia cuts the cash rate. However, they can also increase, affecting your repayment amounts. Fixed rates provide certainty and budget stability for the fixed period, typically 1-5 years, protecting you from rate rises during that time. Some borrowers choose a split loan, fixing a portion while keeping some variable. Given the current economic environment and recent interest rate movements, it's important to consider your financial buffer and long-term plans. Luxe Finance Group can analyse your situation and discuss the pros and cons of each option based on your specific circumstances and goals.

What is the current property market like in Perth for first-time buyers?

Perth's property market has shown strong growth over recent years, with median house prices experiencing significant increases across most suburbs. For first-time buyers, this presents both challenges and opportunities. While prices have risen, Perth remains more affordable compared to Sydney and Melbourne markets, with many suburbs still offering entry-level properties under $500,000. The Western Australian government's First Home Owner Grant provides $10,000 for eligible new builds, and the federal government's First Home Guarantee Scheme allows eligible buyers to purchase with as little as 5% deposit without paying lenders mortgage insurance. At Luxe Finance Group, we help first-time buyers understand these schemes and identify suitable loan products that align with their budget and circumstances.

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Perth, WA

Luxe Finance Group ABN: 52660091690, Luxe Finance Group Pty Ltd ABN: 52660091690. Credit Representative #541795 is authorised under Australian Credit Licence #389328.

Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.