Stamp Duty for First Home
Buyers in WA

How the first home buyer concession works

The First Home Owner Rate of Duty provides significant transfer duty relief for eligible first home buyers in Western Australia — and for transactions from 7 May 2026 it covers both new and established homes. If the property is valued at $600,000 or less, you pay no stamp duty at all — a saving of up to $22,515, which is the duty a standard buyer pays at $600,000. For properties valued between $600,000 and $800,000, a concessional rate applies that gradually phases out as the value increases.

Above $800,000, the standard duty rate applies in full. The thresholds now apply statewide — the earlier Perth-metro and regional split is gone for transactions from 7 May 2026.

New homes vs established homes

For transactions from 7 May 2026, the First Home Owner Rate of duty applies to both new and established homes — the old rules that favoured new builds no longer apply to transfer duty. What remains new-home-only is the $10,000 First Home Owner Grant. Whichever you buy, the $2,000 Home Buyers Assistance Account can help offset some of the incidental costs for eligible purchases.

Vacant land concession

If you are buying vacant land to build a new home on, you may qualify for a separate concession. Vacant land valued at $450,000 or less attracts a full duty exemption for eligible first home buyers, with a concessional rate up to $550,000 (transactions from 7 May 2026). This is separate from the home purchase concession and can result in additional savings if you are building rather than buying.

Read our comprehensive guide to buying your first home in Perth for the full breakdown of all costs, grants, and schemes available to WA first home buyers.

Frequently asked questions