Australia: Legislation expanding first home buyer, “off-the-plan” duty concessions passes state Parliament (Western Australia)
Changes under legislation apply to transactions concluded on or after March 21, 2025.
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June 20, 2025
The Duties Amendment Bill 2025, expanding the first homeowner duty and “off-the-plan” duty concession in Western Australia, has passed the state's Parliament.
Changes to the first homeowner duty concession in the legislation include:
- Increasing the exemption threshold for homes and vacant land by $50,000,* to $500,000 and $350,000, respectively
- Increasing the concession threshold for vacant land by $50,000 to $450,000, with the reduced rate of duty being applied to land valued between $350,000 and $450,000
- Reducing the rate of duty being applied to homes valued between $500,000 and $700,000 in the Perth metropolitan and Peel regions, and to homes valued between $500,000 and $750,000 outside those regions
Changes to the off-the-plan concession in the legislation include:
- Extension to the scheme by another 12 months to June 30, 2026
- 100% concession, capped at $50,000, available for eligible properties valued up to $750,000 that are purchased before construction commences (phasing down to a 50% concession for properties valued above $850,000, capped at $50,000)
- 75% concession, capped at $50,000, available for eligible properties valued up to $750,000, purchased while under construction (phasing down to 37.5% for properties valued above $850,000)
- Off-the-plan dwellings on single-tiered strata schemes and community titles (building) schemes (excluding survey-strata schemes) eligible for the duty concession for the first time
Changes made by the legislation apply to transactions concluded on or after March 21, 2025.
*$=Australian dollar