Josh Tay
Last Updated on 08-Aug-2025
Did you know that Perth just revamped its stamp duty system in March 2025?
That means, right now, you can pay ZERO stamp duty on select properties — whether you're a first-time buyer, investor, or overseas buyer.
Let me walk you through this one-on-one, because the savings are real — and the window to benefit is limited.
If You're a First-Time Buyer in Perth – Read This Carefully
As of March 21, 2025, the Western Australian government has increased the thresholds for stamp duty exemptions in Perth and in Peel.
Full Exemption: Pay ZERO stamp duty on homes up to $500,000 (Previously: only up to $430,000)
Concessional Rate: Homes from $500,001–$700,000 get reduced duty (Previously phased out at $600,000)
That’s up to $18,000 in savings right there.
If you’re buying vacant land to build on:
Full Exemption: Up to $350,000
Concessional Rate: Up to $450,000 (Used to cut off at $300k–$400k)
That means you can save nearly $11,000 when buying land to build your first home.
According to the WA government, 22,000 first-time buyers are expected to benefit — and around 8,000 will pay zero stamp duty when buying land. That’s how massive this shift is.
Example: Buy an off-the-plan apartment at $750,000 and pay $0 in stamp duty — that’s a $29,740 saving. |
Why This Matters — And Why You Should Act Now
Let’s talk numbers. Stamp duty in WA is normally:
- About 4.8% on a $500,000 home = $18,000
- Around 5.1% on a $700,000 home = $25,000
If you qualify for the new concessions, that’s money straight back in your pocket.
Example: Buy a $750,000 off-the-plan apartment today before construction starts, and you’ll pay zero stamp duty — saving $29,740 instantly. This is one of the biggest cash incentives we've seen in the property market in years. |
But these savings are only in place until June 30, 2026, and many of the most in-demand projects are already seeing a spike in buyer interest.