Buying your first home is an exciting milestone — but it can also feel like stepping into a world of paperwork, deadlines, and uncertainty. At RG Settlements, we understand how overwhelming it can be, so we’ve put together a practical checklist to help first home buyers in Perth feel confident every step of the way.
Start by making sure your finance is in place. Having pre-approval from your bank or lender gives you a clear idea of your budget and shows sellers that you’re serious. Once your offer is accepted, one of the most important steps is choosing a settlement agent early. A trusted, experienced agent like RG Settlements ensures your contract is handled correctly and all the legal processes are followed.
Take time to carefully review your contract of sale. Look at the settlement date, deposit amount, and any special conditions like subject to finance or building inspections. If anything’s unclear, ask — there are no silly questions when you’re making such a big investment.
Next, book your building and pest inspections. These can uncover hidden issues and give you peace of mind. As settlement day approaches, we’ll coordinate with your bank, prepare all the legal documents, and manage the title transfer behind the scenes. You’ll also have the opportunity to complete a final inspection to make sure the property is in the same condition as agreed.
Here’s a quick recap to keep you on track:
At RG Settlements, we’re with you from the very beginning to the moment you step into your new home — stress-free and ready to celebrate.
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.
Here’s what you need to know about the changes coming into effect from 21 March 2025:
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
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.
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.
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.
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.
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.
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The Federal Government’s Help to Buy Scheme has officially passed through Parliament, marking a significant milestone for first-home buyers. This initiative aims to make homeownership more accessible, especially for those struggling with large deposit requirements.
With property prices increasing significantly—up 47% nationally over the past five years—many Australians have found it challenging to enter the housing market. This scheme offers a realistic opportunity for buyers who have struggled to meet the traditional 20% deposit requirement.
✔ Reduced deposit requirement, making homeownership accessible sooner.
✔ Lower mortgage repayments due to government equity contribution.
✔ Support for individuals and families looking to enter the housing market.
❌ The government retains an ownership share in your property.
❌ Future sale or refinancing may require government approval.
❌ Income and property price caps may limit eligibility.
The Help to Buy Scheme could be a game-changer for young families, singles, and couples aiming to purchase their first home. However, it’s essential to weigh the long-term implications of shared ownership with the government.
Navigating homeownership and government schemes can be complex. At Rothschild Group, we provide expert legal guidance to ensure your property journey is smooth and stress-free.
Thinking about buying your first home? Contact Rothschild Group today for professional property settlement advice.