Thinking of buying your first home in Perth? Here's what you need to know.
Most people assume they don't have enough saved for a deposit, so they keep waiting. But what if you're actually closer than you think?
We work with first home buyers every day who have been saving for years and still feel unsure. They often assume they’re not ready, but many times they are. Even if you're not quite there, having a conversation early can make all the difference. You might be eligible for a first home buyer scheme or grant, or you might already have access to a loan option that requires a smaller deposit than you thought.
So, how much do you actually need to buy a house?
This is the number one question we get from first home buyers, and the answer really depends on your individual situation. As a general guide, you want to aim for at least 5% of the purchase price as a deposit. But, and it’s a big but, there are actually options that require even less.
We’ll say it again, because it matters, there is no one-size-fits-all answer. Every client we work with is different, which is why we take the time to understand your goals and map out a personalised plan. As local mortgage brokers, we know which lenders suit first home buyers best and we’ll help you every step of the way. You focus on your budget and saving, and we’ll do the rest.
How do you choose the right first home?
This is the next big challenge once your savings and borrowing power are sorted. It helps to think about what type of property works for your life right now. You don’t need to find your forever home. In fact, most first homes aren't.
Instead, think about what you need vs what you want. Your Pinterest board might be full of dream homes, but the reality is your first home probably won't tick every box. That’s okay. Prioritise. For example, you might need a garden for your dog but dream of a pool. If the right house with a garden comes along, are you happy to give up the pool for now?
A simple rule we love is to aim for two out of three non-negotiables. That way, you're being realistic but still holding on to what’s important.
What to do before you start house hunting
Once you’ve narrowed down your needs and had a chat with your broker (hopefully us), the next step is pre-approval. Most homes in Perth are sold privately, which means real estate agents will want to know you’re a serious buyer before accepting your offer.
We’ll handle the pre-approval process for you, so you’re ready when the right property comes up. And you won’t be on your own. We stay by your side for the entire journey — from offer to settlement.
You’ll also need a few other professionals: a building and pest inspector, and a settlement agent. We can help guide you on this too.
Where are Perth’s first home buyers buying in 2025?
Based on what we’re seeing this year, these are the most popular suburbs for first home buyers in Perth:
Northern Suburbs:
Alkimos, Eglinton, Yanchep, Butler, Clarkson
Central Suburbs:
Osborne Park, Nollamara, Yokine, Cloverdale
Southern Suburbs:
Baldivis, Greenfields, Lakelands, Wellard
We’ve helped clients purchase in all these areas and would love to help you too.
Ready to take the next step?
Book a chat with us today. It might just be the conversation that gets you into your first home sooner than you thought.
