Apartment Home Loans in Perth

Apartments are assessed differently to houses. Lenders look at the size of the apartment, the density of the building and the postcode it sits in. A loan that sails through on a house can be knocked back on a one-bedroom apartment a few streets away.

Launch Finance checks the property against lender policy before you sign, from established units in Victoria Park and Maylands to new off-the-plan apartments in the city and along the river.

What lenders look at with apartments

• Internal size. Most mainstream lenders want at least 50 square metres of living area. A smaller panel accepts 40
• Location and density. Some high-density postcodes attract lower lending limits
• Off-the-plan timing. A 10% deposit is usually paid on signing, with finance confirmed closer to completion
• The valuation. The lender's valuer sets the figure your loan is based on

Can I buy a Perth apartment with a 5% deposit?

Often, yes. First home buyers can use the Australian Government 5% Deposit Scheme on apartments priced up to $850,000 in Perth, with no Lenders Mortgage Insurance. Keystart's Urban Connect shared equity loan covers eligible new apartments and townhouses up to $800,000 from a 2% deposit. Lender restrictions on size and location still apply, which is why the property check comes first.

Are there duty savings on a Perth apartment?

First home buyers pay no transfer duty on homes valued up to $600,000, with a concessional rate up to $800,000. The $10,000 First Home Owner Grant is available on new apartments priced at or below $800,000 in Perth. WA also has an off-the-plan duty concession for eligible contracts. We confirm what applies to your purchase before you commit.

What happens next

A 15-minute discovery call. Send us the listing or the contract, and we check the apartment against lender policy, confirm your deposit options and arrange your pre-approval.

Call 08 9367 4222 for a free, no-obligation chat. Or request a callback at a time that works for you.