There’s never been a better time to buy your first home in Perth.
Join the wave of first home buyers and contact a Nectar mortgage broker now.
Median weekly mortgage payments are now cheaper than renting in 100+ suburbs!
| Suburb | Area | Type | Difference between repaying vs renting |
|---|
| Alexander Heights | North | House | -$36 |
| Alkimos | North | House | -$12 |
| Armadale | North | House | -$73 |
| Atwell | South East | Unit | -$2 |
| Aveley | East | House | -$27 |
| Baldivis | South West | Unit | -$47 |
| Balga | North | House | -$58 |
| Ballajura | East | House | -$47 |
| Banksia Grove | North | House | -$65 |
| Beckenham | South East | House | -$24 |
| Beechboro | East | House | -$34 |
| Beldon | North | House | -$19 |
| Belmont | North | House | -$20 |
| Bennett Springs | East | House | -$46 |
| Bentley | South East | House | -$27 |
| Bertram | South West | House | -$63 |
| Bibra Lake | South West | Unit | -$27 |
| Brabham | East | House | -$53 |
| Bullsbrook | East | House | -$90 |
| Butler | North | House | -$19 |
| Byford | South East | House | -$49 |
| Cannington | South East | House | -$45 |
| Carramar | North | House | -$34 |
| Caversham | East | House | -$19 |
| Clarkson | North | House | -$45 |
| Cloverdale | East | House | -$25 |
| Coodanup | South | House | -$33 |
| Cooloongup | South West | House | -$72 |
| Craigie | North | House | -$32 |
| Darch | North | House | -$32 |
| Dawesville | South | House | -$19 |
| Dayton | East | House | -$40 |
| Dudley Park | South | House | -$10 |
| East Cannington | South East | House | -$14 |
| East Perth | City | House | -$42 |
| Eden Hill | East | House | -$22 |
| Edgewater | North | House | -$15 |
| Eglinton | North | House | -$19 |
| Ellenbrook | East | House | -$54 |
| Erskine | South | House | -$29 |
| Falcon | South | House | -$12 |
| Forrestfield | East | House | -$31 |
| Girrawheen | North | House | -$43 |
| Golden Bay | South Westt | House | -$47 |
| Gosnells | South East | House | -$69 |
| Greenfields | South | House | -$61 |
| Gwelup | North | House | -$37 |
| Halls Head | South | House | -$20 |
| Hamilton Hill | South West | Unit | -$7 |
| Hammond Park | South West | Unit | -$29 |
| Heathridge | North | House | -$9 |
| High Wycombe | East | House | -$34 |
| Hocking | North | House | -$21 |
| Huntungdale | South East | House | -$41 |
| Kallaroo | North | House | -$14 |
| Kelmscott | South East | House | -$7 |
| Kenwick | South East | House | -$41 |
| Kewdale | East | House | -$9 |
| Kinross | North | House | -$20 |
| Lakelands | South | House | -$65 |
| Langford | South East | House | -$36 |
| Lockridge | East | House | -$53 |
| Lynwood | South East | House | -$3 |
| Maddington | South East | House | -$63 |
| Mandurah | South | House | -$80 |
| Marangaroo | North | House | -$52 |
| Maylands | North | House | -$51 |
| Meadow Springs | South | House | -$59 |
| Merriwa | North | House | -$71 |
| Middle Swan | East | House | -$55 |
| Midland | East | House | -$77 |
| Mirrabooka | North | House | -$52 |
| Nollamara | North | House | -$35 |
| Orelia | South West | House | -$86 |
| Parmelia | South West | House | -$89 |
| Pearsall | North | House | -$10 |
| Perth | City | House | -$41 |
| Pinjarra | South | House | -$51 |
| Port Kennedy | South West | House | -$58 |
| Queens Park | South East | House | -$20 |
| Quinns Rock | North | House | -$8 |
| Redcliffe | South East | House | -$49 |
| Ridgewood | North | House | -$27 |
| Rivervale | South West | House | -$4 |
| Rockingham | South West | Unit | -$25 |
| Scarborough | North | House | -$44 |
| Secret Harbour | South West | Unit | -$32 |
| Seville Grove | South East | House | -$36 |
| Sinagra | North | House | -$29 |
| Singleton | South West | Unit | -$15 |
| South Lake | South West | Unit | -$29 |
| Spearwood | South West | House | -$69 |
| Success | South West | Unit | -$24 |
| Swan View | East | House | -$45 |
| Tapping | North | House | -$28 |
| Thornlie | South East | Unit | -$31 |
| Treeby | South West | Unit | -$12 |
| Twp Rocks | North | House | -$18 |
| Waikiki | South West | Unit | -$32 |
| Wanneroo | North | House | -$38 |
| Warnbro | South West | House | -$56 |
| Warwick | North | House | -$3 |
| Wattle Grove | South East | House | -$17 |
| Wellard | South West | Unit | -$41 |
| Wembley | City | House | -$45 |
| West Perth | City | House | -$76 |
| Westminster | North | House | -$58 |
| Yanchep | North | House | -$25 |
Source: Domain.com.au
Calculations are based on median prices and rents for each suburb. Mortgages are based on an owner-occupier principal and interest rate of 2.48% with a 20% deposit and does not include additional housing costs. Only suburbs with at least 50 transactions in the past year were included in the analysis. Correct as of 19-02-21.
PLUS, in WA you could receive up to $12K in support towards buying your first home!
| Grant/scheme | Value |
|---|---|
|
First Home Owner Grant >
For new homes only
>
South of 26th parallel: home value ≤ $750K
>
North of 26th parallel: home value ≤ $1 million
|
$10,000 |
|
Home Buyers Assistance Account
Reimburse some costs associated with the purchase of your first home including mortgage registration fees, solicitor and/or conveyancing fees, valuation fees, inspection fees, mortgage insurance premiums and lender fees.
>
Property value ≤ $400,00
|
≤ $2000 |
|
First Home Loan Deposit Scheme (FHLDS) >
Buy with a 5% deposit
>
10,000 allocations each financial year
|
Insurance savings depend on the value of your property. |
|
Stamp Duty Exemptions >
Vacant land purchase to the value of ≤ $300K = pay no stamp duty, $300-$400K = reduced stamp duty.
>
House purchase to the value of ≤ $430K = pay no stamp duty, $430K - $530K = reduced stamp duty.
|
Tax savings depend on the value of your property. |
|
Total grants/discounts available ($)
Scheme eligibility may be subject to income caps, property value & other criteria. |
≤ $12,000 +tax and insurance savings. |
Lenders are helping too!
On top of record-low interest rates, some lenders have special deals for first time buyers. These include discounted Lenders Mortgage Insurance (LMI), cashback offers, fee waivers and more. Ask a Nectar broker what’s available to you.
Ready to buy?
How Nectar can help you into your first home
Kate and Tim were long-term renters with three children. They wanted to buy their first home but were nervous about the process and didn’t know where to start.
They discussed their options with their broker Emma and decided to build a new home using the $25K HomeBuilder and $15K First Home Owner grants. Emma found the family a loan package which allows them to take advantage of low fixed rates once construction is complete, with part of the loan on a variable rate with an offset account, which lets them make additional repayments and pay off their loan faster.
They are now building their dream home!
Client names have been changed for privacy.
Emma always presented herself as a confident, friendly professional. She is very welcoming and easy to work with, I think that is the secret of her success in business.
Tim JonesNectar broker: Emma Powell – QLD.
When George and Tina first came to Nectar, they weren’t yet in a position to buy and still had some saving to do. Their broker Beau coached the couple, putting strategies in place to get them ready to buy. Finally, using the First Home Owner Grant and stamp duty discounts, the couple were approved for their first home loan. Thanks to Beau’s support, they now feel secure and confident in their ability to manage their repayments.
Client names have been changed for privacy.
Beau made this, our first ever home loan, feel much less daunting and overwhelming. I felt much more confident that I was doing the right thing for my family and I, because the idea of such a large amount of debt now feels manageable.
George BrownleyNectar broker: Beau Duggan – WA.
Adam and Kerry wanted to build their first home with a house and land package but had trouble with lenders because Kerry was on JobKeeper payments and had used early access to her superannuation. Their broker Phil helped them get approved for a construction loan by submitting to multiple lenders and using the $15,000 First Home Buyer grant as well as a cash-gift from a relative to help with the deposit. Once the build is complete, they will also be able to claim the $25,000 HomeBuilder grant and the couple could not be happier!
Client names have been changed for privacy.
Phil never gave up on us with our journey in getting our home loan. He did all the hard work and thank you is not enough.
Adam CostaNectar broker: Phil McLaughlin – QLD.
Find out how we can help you!
