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.

Back to Buyer's Guide

Your Cost Summary

Property Price

$650,000

Monthly Payment

Upfront Costs

Total Cash Needed

$130,000

WA Buying Costs Calculator

Calculate stamp duty, legal fees, and all upfront costs specific to Western Australia

WA Property Buying Costs

Property Price

Property Type

house

unit

land

Optional Costs

Building & Pest Inspection

Moving Costs

Initial Furniture

Initial Renovations

Mandatory Costs

Stamp Duty

WA Government transfer duty (FHOG discount applied if eligible)

$7,140

Transfer Fee

WA Government property transfer registration fee

$172

Settlement Agent

Legal settlement services (typically $800-$1500)

$800

Mortgage Registration

Government fee to register your mortgage

$172

Lender Fees

Bank application and establishment fees

$600

Total Mandatory

$8,884

Optional Costs

Building & Pest Inspection

Professional property inspection (highly recommended)

$650

Moving Costs

Professional removalists for local Perth move

$1,200

Utility Connections

Gas, electricity, water, internet connections

$300

Total Optional

$2,150

Total Buying Costs

$11,034

Mandatory

$8,884

Optional

$2,150

First Home Buyer Savings

As a first home buyer, you may save $10,000 on stamp duty

* Savings already applied to mandatory costs above. Eligibility conditions apply.

Mortgage Calculator

Calculate monthly payments, total interest, and loan details

Mortgage Calculator

Property Price$650,000

$200,000$2,000,000

Loan Amount$520,000

5% ($32,500)95% ($617,500)

Interest Rate5.8%

2.0%12.0%

Loan Term30 years

5 years40 years

$3,051

Monthly Payment

$578,402

Total Interest

$17,140

WA Stamp Duty

$1,098,402

Total Repayment

💡 Key Insights

Deposit (LVR):$130,000(20.0%)

Interest portion:52.7% of total

Income needed:~$10,679

🎉 First Home Owner Grant Eligible!

You may be eligible for $10,000 FHOG in WA

$10,000

Important Notes

First Home Owner Grant (FHOG)

$10,000 grant available for first home buyers purchasing properties under $750,000 in WA. This is automatically factored into the stamp duty calculation above.

Additional Considerations

• Building and pest inspection costs may vary based on property size and age
• Moving costs depend on distance and amount of belongings
• First month costs include insurance, utilities connection, and immediate purchases
• Consider keeping an emergency fund for unexpected expenses

Next Steps

Use these calculations to determine your budget and ensure you have sufficient funds before starting your property search. Consider speaking with a mortgage broker or financial advisor for personalised advice.

Ready to Start Your Property Search?

Now that you know your budget, start searching for properties within your price range.

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