First Home Buyer Cost Calculator
Calculate the true cost of buying your first home in Western Australia. Get a complete breakdown of all expenses including stamp duty, legal fees, mortgage payments, and first-month costs.
Enter your property details once and all calculations update automatically.
Unlocks stamp duty concessions
Property Price
$650,000
Monthly Payment
$3,051
Upfront Costs
$24,339
Total Cash Needed
$154,339
(Deposit + Costs)
Adjust your deposit and loan terms to see how they affect your repayments
$130,000
LVR: 80.0%
Loan Amount
$520,000
Total Interest
$578,402
Total Repayment
$1,098,402
All costs specific to buying in Western Australia
Mandatory Costs
Transfer Duty (Stamp Duty)
WA Government duty (First Home Buyer rates)
$20,445
Transfer Fee
Property transfer registration
$172
Settlement Agent
Legal settlement services
$800
Mortgage Registration
Register your mortgage
$172
Lender Fees
Bank application fees
$600
Total Mandatory
$22,189
Optional Costs
Building & Pest Inspection
Professional inspection (recommended)
$650
Moving Costs
Professional removalists
$1,200
Utility Connections
Gas, electricity, water, internet
$300
Total Optional
$2,150
First Home Owner Grant (FHOG)
$10,000 grant available for first home buyers purchasing new homes valued up to $800,000 in WA. This is separate from stamp duty concessions.
Understanding Your Costs
- • Stamp duty varies based on property price. First home buyers get significant concessions up to $700,000.
- • If your deposit is less than 20%, you may need LMI
- • Building inspection costs vary by property size ($400-$800)
- • Conveyancing fees cover legal paperwork ($1,500-$2,500)
Next Steps
Use these calculations to determine your budget and ensure you have sufficient funds before getting pre-approval. Consider speaking with a mortgage broker for personalised advice.
Ready to Start Your Property Search?
Now that you know your budget, start searching for properties within your price range.