How to Access Government Grants for Off-the-Plan Homes in WA

Buying your first home in Western Australia is a major milestone. For many buyers, government grants provide the extra boost needed to make ownership possible. If you are considering an off-the-plan property, knowing how to access these grants can save you thousands and make the process easier.

Why Off-the-Plan Homes Are a Smart Choice

Off-the-plan homes allow you to secure property at today’s price while it is still being built. By the time you move in, the value may have already increased.

For first home buyers, the benefits include:

• Lower upfront costs
• Potential capital growth before settlement
• A brand new property with no maintenance issues

When combined with government grants, this makes buying off the plan in WA an attractive option.

Key Government Grants Available in WA

First Home Owner Grant (FHOG)

The First Home Owner Grant provides eligible buyers with $10,000 towards the purchase or construction of a new home. Off-the-plan apartments and townhouses are included if they meet the criteria.

Eligibility basics include:

• You must be a first home buyer
• The property must be new or substantially renovated
• You need to live in the home for at least 6 months within the first year

Stamp Duty Concessions

In WA, eligible first home buyers may also access stamp duty concessions. For properties valued up to a certain threshold, you may pay reduced or no stamp duty at all. This can add up to significant savings when purchasing off the plan.

Other Support Programs

From time to time, additional schemes are available at state or federal level. These include low-deposit schemes or shared equity programs. Always check current government websites for updates.

Steps to Access Government Grants

Step 1: Check Eligibility

Review the criteria for each grant. Make sure you meet the residency, income, and property value limits.

Step 2: Apply Through an Approved Lender

Many grants are processed directly through your bank or lender when you apply for a loan. This ensures the grant is included in your settlement process.

Step 3: Gather the Right Documents

You will usually need:

• Proof of identity
• Proof of income
• Contract of sale for the off-the-plan property

Step 4: Submit Before Settlement

Timing is important. Applications must often be lodged before settlement or construction is complete. Always confirm deadlines with your lender or settlement agent.

Common Mistakes to Avoid

• Assuming all properties qualify: Only new or substantially renovated properties are eligible.
• Missing deadlines: Late applications can mean missing out on thousands of dollars.
• Not checking updates: Grant conditions can change. Stay informed.

How Coposit Can Help First Home Buyers in WA

Saving a deposit is one of the hardest parts of buying property. With Coposit, you can secure an off-the-plan home with as little as $10,000 upfront and pay the rest of your deposit in instalments while the property is being built.

When combined with government grants, this approach makes it possible to buy sooner and start building equity earlier. Coposit makes it easier for first home buyers in WA to take advantage of both financial support and the benefits of off-the-plan properties.

Why Government Grants Make Off-the-Plan Homes More Accessible

Government grants reduce costs, off-the-plan homes offer modern living, and tools like Coposit make deposits easier to manage. For first home buyers in WA, these advantages can turn the goal of owning property into reality.