WA Government Increases Stamp Duty Relief for First Home Buyers

From 21 March 2025 (subject to legislation approval), the new stamp duty exemptions and concessions will be:

• Perth & Peel: No stamp duty for homes up to $500,000 (previously $450,000), with a concession available up to $700,000.
• Regional WA: No stamp duty for homes up to $500,000, with a concession extending to $750,000.
• Vacant Land (Statewide): Exemption increased to $350,000, with a concession available up to $450,000.

These changes mean a first home buyer purchasing a property for $500,000 could save nearly $18,000 in stamp duty.

More Support for Off-the-Plan Buyers:

The government has also increased stamp duty concessions for off-the-plan homes (apartments and now townhouses on strata plans):

• No stamp duty for new dwellings up to $750,000 (previously $650,000).
• 50% concession for purchases above $850,000.
• For under-construction homes, a 75% concession applies up to $750,000, tapering to 37.5% for higher values.

These changes aim to make homeownership more accessible and encourage new residential developments.

Important Note: The legislation must be passed in Parliament before it takes effect. Until then, current stamp duty rates apply, but eligible first home buyers can apply for a refund once the changes are implemented.