Last updated 14 November 2026 · Reviewed by Riyadh Financial Services Compliance
At a glance
- In WA, transfer duty (formerly stamp duty) and the first home owner grant are handled by the WA Government's RevenueWA.
- WA has a separate first home owner rate of duty, and the timing of your approval can affect when you pay duty.
- Foreign persons buying residential property in WA may pay foreign buyers duty.
- Living overseas and buying in Perth? See our guide for Australians and New Zealanders overseas.
Can you get an Islamic mortgage in Perth?
Yes. What's often called an "Islamic mortgage" is, with us, Ijaar home finance: Ijarah, a lease that ends in ownership, with no interest. It's available for homes and investment properties in Perth and regional WA, and every application is assessed against credit criteria.
What should you know when buying a home in WA?
- Who pays duty, and when.Transfer duty is generally paid by the purchaser, and in most cases the liability arises on the date the document for the transaction, such as the contract, is signed.
- Foreign buyers duty.Foreign buyers duty is additional duty on certain transactions where foreign persons acquire residential property in WA.
- How you buy matters.Consumer Protection explains buying by private sale, at auction and off the plan, and warns buyers to be wary of some high-risk property investment methods.
What help is there for first home buyers in WA?
WA has two related programs. They're easy to mix up, so here's how they compare:
| Question | First home owner grant | First home owner rate of duty |
|---|---|---|
| What it is | A one-off payment, with one grant per eligible transaction, even when two people buy together | A concessional rate of transfer duty |
| Which homes | A new or substantially renovated home you'll live in, not an established home | A home or vacant land within the value thresholds, including some established homes |
| Who qualifies | Applicants who own the home in their own capacity, with at least one Australian citizen or permanent resident; it isn't means-tested | Eligibility is aligned with the grant's requirements |
Timing matters. If your grant or first home owner rate of duty isn't approved by settlement, RevenueWA explains that you'll be charged duty at the standard rate and will need to pay it by settlement day. Once approval comes through, you can ask for the duty to be reassessed and the difference refunded.
If you're eligible, the First Home Owner Grant can be applied for as part of your finance application on selected Ijaar home finance.
How does Ijaar home finance work?
The financier appoints you as its agent (wakeel, under a Wakalah agency agreement) to buy the property on its behalf. From settlement you're the registered owner on the title, and the financier holds a registered mortgage and a beneficial interest (an ownership share) that passes to you when all payments are made. You pay rental for the use of its share, with Principal and Rental, or Rental Only for a limited period.
Who can apply from WA?
Individuals, companies and trusts can apply. You need to be 18 years and over and an Australian or New Zealand citizen or Australian permanent resident. On selected Ijaar home finance, some temporary visa holders living in Australia, and some Australians, New Zealanders and Australian visa holders living overseas, can apply too. We don't offer finance to non-residents.
How do you get Islamic home finance in Perth, step by step?
- Talk to a broker about your plans. If you don't have a broker, contact us and we can refer you to an accredited broker.
- If you're a first home buyer, ask your settlement agent or conveyancer about applying for the grant or the first home owner rate of duty before settlement.
- Your broker lodges your application, and the financier assesses it against credit criteria.
- At settlement, you become the registered owner on the title.
How can Riyadh Financial Services help in WA?
Riyadh Financial Services arranges Shariah-compliant property finance through accredited mortgage brokers. Accredited brokers must act in your best interests under Australian credit law (the best interests duty). Accredited brokers work across Western Australia, in person or online. If you don't have a broker, contact us and we can refer you to an accredited broker.
Our product structures are reviewed by our independent Shariah adviser. Ask us for the current Shariah certificate and what it covers. We don't give religious rulings.
Keep reading:Ijaar home finance · Switching to Islamic finance · How Islamic home finance works
Islamic home finance in other states:New South Wales · Victoria · Queensland · South Australia · ACT · Tasmania · All state guides