Home Buyers Assistance Account

 
The Home Buyers Assistance Account is established under the Real Estate and Business Agents Act 1978 to provide first home buyers with financial support.

The scheme provides a grant of up to $2,000 for the incidental expenses of first home buyers when they purchase an established or partially built home through a licensed real estate agent for a purchase price of $400,000 or less.  
The scheme is funded from interest paid on real estate agents' trust accounts. The grant can be used for — mortgage registration fees, solicitor and/or settlement agent fees, valuation fees, inspection fees, loan establishment fees, mortgage insurance premiums and lending institution fees associated with lodging the application.
For more information, please view the Home buyers assistance account fact sheet.
Application criteria:
The purchase price of the home is $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 or partner must not own or have owned any property in the State of Western Australia before (if one of the people you are buying a home with, owns or has owned a home in Western Australia before, then 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 Registrar of the Real Estate and Business Agents Supervisory Board 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 by the Registrar 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).
How to apply:
You must complete the application form and follow the instructions on the form.
If you have any further queries, call (08) 9282 0836.
The Federal Government's First Home Owners Grant
In addition to the Board's Home Buyers Assistance Account, first home buyers may also be eligible to a financial rebate through the Federal Government's First Home Owners Grant. The grant is administered by the Office of State Revenue. For further information about the grant, contact the WA Department of Treasury and Finance on 1300 363 211 or visit their website.