WA Government Makes Home Ownership More Affordable for First Home Buyers

First home buyers in Western Australia are set to save thousands thanks to major stamp duty reforms announced by the WA Labor Government.

Effective from 21 March 2025, these long-awaited changes are the first major housing policy from the newly elected government and aim to make property ownership more achievable for thousands of Western Australians. With increased stamp duty exemptions and concessions now in effect, up to 22,000 buyers are expected to benefit—some saving as much as $18,000.

At Rothschild Group, we’re here to help you navigate these changes and take advantage of the new opportunities, whether you’re buying your first home, a new off-the-plan apartment, or investing in vacant land.

What Are the New Stamp Duty Exemptions?

Here’s what you need to know about the changes coming into effect from 21 March 2025:

For First Home Buyers Purchasing Houses:

• In Perth and Peel regions:

  • Stamp duty exemption on homes up to $500,000 (previously $450,000)

  • Stamp duty concession available up to $700,000 (previously $600,000)

• In regional WA:

  • Stamp duty exemption on homes up to $500,000

  • Stamp duty concession available up to $750,000

For First Home Buyers Purchasing Vacant Land:

• Stamp duty exemption on land up to $350,000 (previously $300,000)

• Stamp duty concession on land up to $450,000 (previously $400,000)

These reforms mean eligible buyers will pay no stamp duty at all on qualifying properties, saving nearly $18,000 in upfront costs.

Stamp Duty Concessions for Off-the-Plan Apartments and Townhouses

In a further move to boost housing supply and encourage urban density, the Government has also expanded stamp duty concessions for off-the-plan dwellings purchased before or during construction. These now include:

• 100% stamp duty exemption for homes purchased before construction up to $750,000, tapering to a 50% concession above $850,000

• 75% concession for homes purchased during construction up to $750,000, tapering to a 37.5% concession above $850,000

• For the first time, strata townhouses are included in this initiative

These expanded concessions will apply to off-the-plan purchases made between 21 March 2025 and 30 June 2026.

Why These Changes Matter

According to Premier Roger Cook, the reforms are designed to address WA’s rapidly growing population and the pressures it places on the housing market.

“These sensible changes will deliver real savings for Western Australians looking for their first home, helping to turn the dream of home ownership into reality for thousands of people each year.”

The updates also aim to stimulate the construction sector and increase housing choice, including for downsizers and investors looking for modern, low-maintenance homes.

What Should First Home Buyers Do Now?

If you’re planning to purchase a home, land or off-the-plan property in the coming months, now is the time to get prepared. With thousands expected to take advantage of these changes, having your finance, paperwork and settlement agent ready will help you move quickly when the right property appears.

At Rothschild Group, we assist first home buyers every step of the way—from reviewing contracts to completing your settlement and ensuring all eligible stamp duty savings are secured. If you’ve already settled under the old thresholds, you may even be eligible for a refund once legislation is finalised.

Need Expert Help Navigating These Changes?

Whether you’re buying your first home or investing in new property, our team at Rothschild Group is here to help you understand your entitlements, maximise your savings, and handle the legal and settlement process with confidence.

Contact us today