1. Personal Finance
  2. Property
  3. Stamp Duty On Property
  4. Stamp Duty Rates, Discounts & Grants Western Australia WA

Stamp Duty Rates, Discounts & Grants Western Australia WA

Western Australia (WA) rewards home buyers with 2 potential stamp duty discounts and 1 government grant.

Stamp Duty Discounts

If you plan on living in the property you may be entitled to pay stamp duty at a concessional rate if the property is valued at not more than $200,000. If you are a first home buyer you will receive a much better stamp duty discount and pay stamp duty at the ‘First Home Owner Stamp Duty Rates’

You can find these rates below.

Can I claim a first home owner’s stamp duty concession for an investment property?

No. If you do not plan to live in the property then you cannot claim it.

From The Govt. of Western Australia – Dept. of Treasury & Finance:

“When a home buyer is eligible for the First Home Owners Grant, a concessional rate of transfer duty will apply if the value of the dutiable property is below certain thresholds.”

Source: Department Of Treasury & Finance (DTF)

First Home Owner’s Grant

You can get the ‘First Home Owner’s Grant’ of $7,000 only if:

  • You plan on living in the property for at least 6 months
  • The purchase price is less than $750,000

This grant is part of a federal government initiative and is offered Australia-wide.

Stamp Duty Rates & Discounts

Rent Out Or Live-In

Property Value

Stamp Duty

$           0 – $120,000

1.9% of dutiable value

$120,001 – $150,000

$  2,280 + 2.85% of value over 120,000

$150,001 – $360,000

$  3,135 + 3.8% of value over 150,000

$360,001 – $725,000

$11,115 + 4.75% of value over 360,000

$725,001 and upwards

$28,453 + 5.15% of value over 725,000

Concessional Rate (Live In & Not More Than 200,000)

Property Value

Stamp Duty

$ 0 – $ 100,000

1.50% of value

$ 100,001 – $200,000

$1,500 + 4.39% of value above $ 100,000

More Than $200,000

Normal Stamp Duty Rates

First Home Owner Stamp Duty Rates

Property Value

Stamp Duty

$0 – $500,000

Nil

$500,000 – $600,000

22.51% of value over $500,000

More Than $600,000

Normal Stamp Duty Rates

 

Stamp Duty & Grants Calculator

Confused by the array of discounts, grants, rates etc.? Use the Free Online Stamp Duty & Government Grants Calculator to do the calculations for you! Only on My Money Calculator.