Help to Buy Scheme
Your next step to home ownership
A government contribution paired with a home loan could bring your first home within reach.
Saving a deposit is often the hardest part of buying your first home. The Australian Government ‘Help to Buy’ Scheme is designed to close that gap. It contributes towards your purchase price, helping you take the step sooner. We’ll guide you through how it works, so you can move forward with confidence.
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How Help to Buy works
- As little as a 2% deposit. You save a minimum 2% deposit and combine it with a home loan from a participating lender.
- Up to 40% government contribution. The government contributes up to 40% towards a new home (30% for an existing home), meaning you may only need to borrow 60% of the property value.
- Removes the need for you to pay Lenders Mortgage Insurance which could potentially saving you thousands.
- You own your home. Your name goes on the title from day one. You live in the home and share its value with the government over time.
- You’re in control. Once you’ve purchased your home, you won’t need to make monthly repayments to the Government. You can make incremental repayments to increase your equity share over time or buy back some or all of the government’s share through additional lending. If you sell your home, then the government receives the value of its share.^
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Case Study
Sarah is 27 years old and works as a nurse in Joondalup. Jason is 29 years old and works as a truck driver. After years of renting, they are ready to buy their first home close to the community they already live and work in.
The market price in Joondalup and the northern corridor is around $850,000. Sarah and Jason have managed to save $20,000 for a deposit, and their bank has indicated they can borrow up to $650,000. This leaves them $180,000 short of being able to afford a home.
After checking their eligibility, Sarah and Jason find out they qualify for Help to Buy. Through the scheme, the WA and Australian Government can cover the $180,000 shortfall, bridging the gap and making it possible for them to purchase their first home.
Thanks to Help to Buy, Sarah and Jason can achieve their goal of home ownership, something that may not have been possible without government support.
What can you buy in WA?
In Perth and regional centres, homes up to $850,000 may be eligible. In other areas of WA, the cap is $600,000. Help to Buy can go towards a new home, an established home, or a new house-and-land package.
Guided by experts, every step of the way:
Understanding a government scheme shouldn’t feel like a second job. Our team at Step 1 Homes works alongside Central Lending Solutions. Together, we’ll explain your options in plain English and connect you with a participating lender. From your first question to your first set of keys, we’re with you on the journey.
Curious if Help to Buy could bring your first home closer?
Chat with our team, and we’ll help you find out.
**A participating lender is a bank approved by the government to offer Help to Buy loans.
^Conditions apply – https://firsthomebuyers.gov.au/HTBCustomerGuide
Information is current as of July 2026 and general in nature. Eligibility criteria (including income thresholds, which are indexed annually), price caps and contribution amounts are set by the Australian Government and Housing Australia and may change. This isn’t financial advice. Speak with Central Lending Solutions ACL 497 950 or a Help to Buy participating lender about your individual circumstances.
