The Home Buyers Assistance Account assists people to purchase their first home in Western Australia. Successful applicants receive a grant of up to $2,000 to help pay some of the expenses associated with buying their first home. Grants cannot be used to buy vacant land or house and land packages. To be eligible for the grant, homebuyers must meet all of the following criteria: the purchase price of the home must be $400,000 or less; you must be buying your first home, which is established or partially built (not vacant land or a ‘house and
land’ package); you or your spouse / partner must not own or have previously owned any property in the state of Western Australia (if one of the people you are buying a home with owns or has owned a home in Western Australia before you can apply for a partial grant based on the percentage of your ownership of the home); you must live in the home for at least the first 12 months; you must purchase the home through a licensed real estate agent; the application must be lodged with the Department of Commerce no more than 90 days after the date that the offer and acceptance contract to buy the home is accepted (in exceptional circumstances, a short extension of time for lodgement may be granted if reasonable grounds exist); and the home loan must be financed through an authorised lending institution (such as a bank, building society or credit union). We will provide you will the application form along with the necessary settlement documentation after settlement, however you will need to take the form to your lender in order to complete it.
