A New Financial Year: Why Now is the Perfect Time for Home Buyers to Get on Top of Their 2025/26 Tax!
As the calendar clicks over into a new financial year (2025/26), many people are looking at their budgets, reassessing goals, and planning their next big move. For home buyers, this period can bring unique opportunities — from fresh financial planning to potential tax benefits that can help you step into the market with confidence.
Whether you’re a first-home buyer, upsizing for your growing family, or looking for an investment property, here’s why the new financial year could be the right time to make your move.
Fresh Financial Planning and Budgeting
The start of a new financial year is the perfect moment to take stock of your finances. Your tax return might be on the way, and you may have a clearer picture of your income, expenses, and savings goals.
Many buyers use this time to:
Review their borrowing capacity with a mortgage broker or bank.
Reassess spending habits to save for a deposit.
Plan ahead for moving costs and ongoing mortgage repayments.
By starting the year with a clear financial plan, you can set realistic expectations and position yourself to act quickly when the right property comes along.
Making the Most of Tax Returns
Your tax refund can be more than just a welcome bonus — it could be the boost you need to get into the market sooner.
Consider putting your tax refund toward:
Your deposit — even a small boost can bring you closer to the 20% mark, helping you avoid Lenders Mortgage Insurance (LMI).
Upfront costs — such as settlement fees, building inspections, or stamp duty.
Property improvements — if you’re purchasing a home that needs a little work.
For investors, the new financial year is also the time to think strategically about maximising deductions in the year ahead, such as claiming interest, depreciation, and property management fees.
Updated Government Incentives
With each financial year, new policies and incentives may come into effect. In Western Australia, first-home buyers can still take advantage of grants and stamp duty concessions, and in some cases, these thresholds or benefits may increase.
It’s worth checking the latest updates from the WA government to ensure you’re making the most of what’s available — especially if you’re a first-home buyer looking to reduce upfront costs.
A Fresh Property Market Outlook
The start of the financial year often brings a shift in market activity. Some sellers wait until this period to list their homes, hoping to attract motivated buyers. This can mean new opportunities and a wider range of properties hitting the market.
For buyers, staying active in the early months of the financial year can give you a competitive edge — you may find the right property before the traditional spring selling season brings more competition.
Strategic Timing for Investors
If you’re an investor, the early months of the financial year are an ideal time to purchase. Buying now allows you to:
Claim a full year’s worth of deductions on interest and expenses in the following tax return.
Set rental income goals for the year ahead.
Time any renovations or improvements to maximise next year’s tax benefits.
Start the Year with a Clear Plan
The new financial year isn’t just a date change — it’s a fresh start. For home buyers, it’s the perfect time to align financial goals, explore available incentives, and take advantage of seasonal opportunities in the property market.
If you’re ready to begin your property search, our team is here to guide you every step of the way — from finding the right home to navigating the buying process with confidence.
Let’s make this financial year the one where you secure your ideal property.
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