Government Incentives For Western Australia Homebuyers
With the intention to support buyers, especially first home buyers, the WA State Government has introduced a range of financial incentives to help more people enter the property market.
Stamp Duty Concessions
- No duty up to $500K (was $450K)
- $500K - $700K (Metro & Peel): $13.63 per $100
- $500K - $750K (Regional WA): $11.90 per $100
Vacant Land:
- No duty up to $350K
- $350K - $450K: $15.39 per $100
Off-the-plan Duty Concession
Pre-construction contracts
- 100% off up to $750K (was $650K)
- 50% off $750K - $850K
Under-construction contracts
- 75% off up to $750K
- 37.5% off $750K - $850K
Valid until 30 June 2026
First Home-Owner Grant (FHOG)
- $10,000 grant for new homes or builds
- One grant per eligible transaction
- Must live in the home as your main residence
Home Buyers Assistance Account (HBAA)
- Up to $2,000 to cover incidental purchase costs
- For established homes under $500K
- Must apply via lender within 90 days
Keystart Modular Home Loan
- 2% deposit
- Covers land + modular build + delivery
- Up to 4 progress payments allowed
- Faster and more affortable build pathway
UPCOMING INCENTIVES (COMING LATER IN 2025)
Shared Ownership Program Expansion (Keystart)
Expected Launch: September 2025
- Co-ownership with WA Government (up to 35% or $250K)
- Lower repayments, more affordability
- Supports new/under-construction apartments & townhouse
Graduate & Apprentice Home Loans (Pilot Program)
Expected Launch: Late 2025
- Low deposit entry
- Free financial coaching
- Reduced mortgage repayments
- Designed for young first-time buyers
AZ Property offers a wide selection of current or off-the-plan properties that are eligible for many incentives listed above.
Contact AZ Property to learn more about these listings
Website: www.az-property.com.au
Phone: 08 9355 2757
Enquiry send to [email protected]
Sources:
- Apply for an off-the-plan duty concession | Western Australian Government (https://www.wa.gov.au/service/financial-management/taxation-and-duty/apply-the-plan-duty-concession)
- First home owner grant (https://www.wa.gov.au/organisation/department-of-treasury-and-finance/first-home-owner-grant-fhog#:~:text=The%20first%20home%20owner%20grant%20(FHOG)%20is%20a,build%20the%20house%20if%20less%20than%20that%20amount.)
- Apply for home buyers assistance | Western Australian Government (https://www.wa.gov.au/service/community-services/grants-and-subsidies/apply-home-buyers-assistance)
- REIWA welcomes Keystart Budget commitments to support housing supply and affordability (https://reiwa.com.au/news/reiwa-welcomes-keystart-budget-commitments-to-support-housing-supply-and-affordability/)
- Cook Labor Government reforms Keystart loans to boost housing | Western Australian Government (https://www.wa.gov.au/government/media-statements/Cook%20Labor%20Government/Cook-Labor-Government-reforms-Keystart-loans-to-boost-housing-20241219)
