The WA State Government has announced changes to the value of vacant land and homes eligible for the first home owner concessional rates of stamp duty. They have also announced changes to extend and expand the off-the-plan duty concessions. While the changes come into effect for transactions entered into from 21/3/2025, the updates to RevenueWA’s systems will not be implemented until June 2025.

 

First Home-Owner Stamp Duty

The announced changes will increase the value of vacant land and homes that are eligible for no transfer duty or a reduced rate of duty.

For Vacant Land, the threshold for stamp duty  reduction has increased from $400k- $450k- no duty is payable up to $350k ( up from $300k) and a reduced rate applies from $350k- $450k ( Previously between $300k- $400k).

For the purchase of a home, the threshold for stamp duty has increased to $700k in the Perth metro and Peel regions and $750k for properties outside these regions (previously $600k for all areas).

No stamp duty is payable up to $500k (previously $450K) and a reduced rate applies between $500k and $700k in Perth and Peel and $500k and $750k outside those regions. 

 

Off-The-Plan Stamp Duty Concession

This has been extended for a further year to 30/06/2026.

Pre-construction contract discount thresholds have increased:

• No duty payable on properties up to $750k ( previously $650k)
• 50% payable on properties between $750k- $850k (previously $650k- $750k)

Under Construction Contracts, discount thresholds have increased:

• 75% concession on properties up to $750k(Previously $650k)
• 37.5% concession on properties between $750k to $850k (previously $650k – $750k)
• 37.5% concession on properties between  

 

Transactions entered into on or after 21/03/2025 that are eligible for the reduced rate of stamp duty but are settled before the changes are in place may be reassessed for a refund of duty after settlement.