Login
iscover
First home buyers in Western Australia will now pay no stamp duty on properties valued up to $500,000, following the passage of the Duties Amendment Bill 2025 through State Parliament.
Following the announcement of the legislation earlier this March, the Western Australian government will offer increased stamp duty exemptions and concessions to first home buyers and eligible off-the-plan purchasers.
The new stamp duty exemptions will apply to eligible purchases made since March 2025, and allow first home buyers in Western Australia to not pay any stamp duty on homes valued up to $500,000, which the government said would save nearly $18,000.
A stamp duty exemption threshold for house purchases in the Perth metropolitan and Peel regions will apply for homes valued between $500,000 and $700,000, and to homes valued between $500,000 and $750,000 for properties outside those regions.
For purchases of vacant land across the state, the stamp duty exemption threshold will rise from $300,000 to $350,000, and a reduced rate of duty will apply to land valued between $350,000 and $450,000.
Under the new legislation, revised stamp duty concessions will be available for new off-the-plan homes purchased before or during construction, and will also now apply to townhouses on strata plans for the first time.
Thresholds will be lifted by $100,000 for dwellings purchased before construction commences, with no stamp duty paid for dwellings up to $750,000 and a 50 per cent concession that is capped at $50,000 available for purchases valued above $850,000.
For dwellings bought while under construction, a 75 per cent concession will be available for purchases up to $750,000, which will then phase down to a 37.5 per cent concession for dwellings valued above $850,000.
Finance Minister, David Michael, said that the new policy aims to provide assistance that will help more Western Australians to step onto the property ladder.
“It is significant legislation aimed at assisting first home buyers but beyond that it will help those people looking at off-the-plan purchases,” Michael concluded.
You are not authorised to post comments.
Comments will undergo moderation before they get published.