Buying your first home in 2026 can feel overwhelming, especially in Perth or Melbourne where markets behave differently.
The good news? There are options.
Deposit Requirements
Most first-home buyers assume they need 20%.
In reality, options may include:
- 5% deposit loans
- First Home Guarantee Scheme
- Government stamp duty concessions
- WA and VIC state-based grants
Perth First Home Buyers
WA continues to support first-time buyers with:
✔ Stamp duty concessions
✔ State grants (subject to eligibility)
✔ Competitive lender options
Melbourne First Home Buyers
Victoria offers:
✔ First Home Owner Grant
✔ Stamp duty exemptions
✔ Low-deposit pathways
Common Mistakes to Avoid
- Applying with your bank without comparison
- Not understanding borrowing capacity
- Overextending budget
- Ignoring lender fees
If you’re buying in Perth or Melbourne, speak with OnePoint Wealth before making an offer.