Perth’s housing market continues to stand out as one of the most attractive for first-home buyers in 2025. With rising rents, strong demand, and competitive lender offers, more West Australians are choosing to step onto the property ladder sooner — often with help from non-bank lenders and government support schemes.

Finding the best mortgage deals for first-home buyers in Perth can be the difference between comfortably owning a home and stretching your budget too thin. Below, we break down current lending trends, compare top deals, and highlight how government programs and specialist lenders are supporting new buyers this year.

 

 The Perth Property Market in 2025

Why First-Home Buyers Are Targeting Perth

According to the Australian Bureau of Statistics (ABS), the number of first-home buyer loan commitments in Western Australia rose 1.7 % in Q2 2025, while the value of those loans jumped 5.7 %. Perth’s relative affordability, compared with Sydney or Melbourne, continues to attract both local and interstate buyers.

Suburbs such as Baldivis, Alkimos, Ellenbrook, and Byford are booming thanks to new rail links, schools, and master-planned communities — giving first-time buyers more choice than ever.

 

What to Look For in a “Best” Mortgage Deal

Here are the features and criteria that are especially important for first-home buyers in Perth:

• Interest Rate (and Comparison Rate): The headline rate is important, but the comparison rate (which includes fees) gives a fuller picture.

• Fixed vs Variable: Do you prefer security (fixing a rate) or flexibility (variable rate)? Many first-home buyers choose a mix.

• Deposit / LVR (Loan to Value Ratio): A smaller deposit often means higher risk or higher cost (e.g., you may need Lenders Mortgage Insurance [LMI]).

• Loan Features: Offset account, redraw facility, extra repayments allowed — these features give you flexibility.

• Fees & Conditions: Application fees, ongoing fees, early exit/porting fees — all matter for what the loan will actually cost you.

• Lender Accessibility for First-Timers: Some lenders specialise in first-home buyer products or more flexible borrowers (e.g., non-bank lenders).

• Government Schemes / Grants Compatibility: In WA, check stamp duty concessions, first home owner grants, and guarantee schemes that reduce your deposit or LMI burden.

 

 Best Mortgage Deals for First-Home Buyers in Perth

Finding the best mortgage deals isn’t just about chasing the lowest interest rate — it’s about balancing flexibility, fees, features, and support.

 

 

 Low-Rate and Fixed-Rate Home Loans

Many first-home buyers in Perth are opting for fixed-rate loans to secure repayment certainty amid fluctuating interest rates. While fixed rates may be slightly higher than variable loans, they offer stability during your first few years of home ownership.

Some non-bank lenders and mortgage managers offer fixed rates starting from the mid-5% range, while variable rates fluctuate depending on the Reserve Bank’s decisions. The key is comparing products with low fees and offset account options, which can reduce the total interest paid overtime.

 

Variable Rate Home Loans with Offset Features

If you prefer flexibility, a variable-rate mortgage with an offset account may suit your lifestyle. This allows you to use your everyday savings to offset your loan balance — effectively reducing the interest charged.

For example, if you owe $500,000 but have $20,000 in your offset account, you’ll only be charged interest on $480,000. Over the life of a mortgage, this feature can save you thousands of dollars.

In Perth, several local and online lenders now offer competitive variable products with 100% offset facilities, no annual fees, and unlimited extra repayments.

 

Cashback and Refinance Offers

Some lenders are offering cashback incentives — often between $1,000 and $4,000 — for refinancing or switching lenders. While cashback shouldn’t be the sole deciding factor, it can help offset upfront costs like stamp duty, conveyancing, or moving expenses.

First-home buyers should always read the fine print and confirm eligibility requirements, such as minimum loan size or property value thresholds. ( Australian Broker News – Cashback and Refinance Trends)

 

Current Rate Landscape & Sample Deal Indicators

Whilst every borrower’s situation is unique, here are some recent benchmark figures to give you a sense of the market (Australia-wide, applicable to WA as a guide) as at October 2025:

• First-home buyer home loan fixed rates from ~4.64% p.a. for 2-year fixed at <80% LVR. Money.com.au

• Average variable rates depending on deposit size/LVR — for example, 5% deposit (95% LVR) lending typically sees higher rates (~6.40% p.a) vs 20% deposit (~5.87% p.a).

• In WA specifically, home-loan comparison tools suggest there are competitive loan options for first-home buyers though you’ll still need to compare features and cost. 

 

What this means for you in Perth:
If you’re a first-home buyer with a solid deposit (say 10-20%) and work with a good lender or broker, you may be able to secure a rate in the mid-4% to low-5% range (fixed) or slightly higher for variable. But if your deposit is smaller, or you need more flexibility, your rate may be higher — so features and cost matter.

 

Comparing the Best Mortgage Deals for First-Home Buyers in Perth

Finding the right loan means balancing interest rates, features, and flexibility — not just chasing the lowest number. The table below highlights several standout lenders offering first-home buyer-friendly deals as of October 2025.

Disclaimer: Rates and terms are indicative and subject to lender assessment and product updates.

These offers represent a mix of bank and non-bank lenders, giving buyers more flexibility depending on income structure, credit profile, and property type.

 

Government Support for First-Home Buyers in Western Australia

 

 

 First Home Owner Grant (FHOG)

The WA Government offers a $10,000 grant for eligible buyers purchasing or building a new home. While established dwellings aren’t eligible, it’s a major boost for those building in growth corridors.

Source: WA Government – First Home Owner Grant

 Keystart Low Deposit Loans

Keystart remains a lifeline for many Perth first-home buyers, offering loans with as little as 2 % deposit and no Lenders Mortgage Insurance (LMI). This means buyers can enter the market years earlier without saving a full 20 % deposit.

Source: Keystart Home Loans

 

Federal Schemes – First Home Guarantee and Regional Guarantee

The Federal Government’s First Home Guarantee (FHBG) allows eligible buyers to purchase with a 5 % deposit, while the Commonwealth guarantees up to 15 % of the loan. Combined with WA schemes, it can cut years off your savings timeline.

Source: National Housing Finance & Investment Corporation (NHFIC)

 

Smart Strategies for Securing the Best Perth Mortgage Deals

Strengthen Your Borrowing Power

Paying down personal debts, limiting credit card use, and demonstrating stable employment can increase your borrowing capacity. Lenders in 2025 use comprehensive credit scoring, so maintaining clean financial records is essential.

Compare Before You Commit

Never rely on a single quote. Use digital comparison tools such as RateBuster.com.au to evaluate Perth’s latest rates, cashback deals, and low-deposit offers. Even a 0.25 % rate difference can save tens of thousands over a 30-year loan term.

Seek Professional Guidance

A licensed mortgage broker can help identify niche products, negotiate better rates, and ensure you’re leveraging all available grants. Always verify that your broker is registered with ASIC or AFCA before proceeding.

 

The Bottom Line

Perth remains one of Australia’s most first-home-buyer-friendly markets, thanks to affordable land, generous government support, and flexible lender options.

Whether you choose a low-rate online lender like Reduce Home Loans, taking time to compare features — not just rates — will help you make a confident, sustainable start in home ownership.

 

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Ready to secure your first home in Perth?
Compare the latest low-rate loans, cashback deals, and first-home buyer programs at RateBuster.com.au — your smarter path to home ownership in 2025.