Tredi Finance

Today, the WA State Government has announced budget measures in relation to the first home owner grant and first home owner rate of (stamp) duty.

Key takeaways:

No stamp duty is payable for newly built or established homes valued up to $600,000 (previously $500,000) with a concessional rate applied to those homes valued up to $800,000 (previously $700,000)
No stamp duty is payable for vacant land valued up to $450,000 (previously $350,000) with a concessional rate applied to vacant land valued up to $550,000 (previously $450,000)
An increase in the price cap to $800,000 (previously $750,000) for the $10,000 First Home Owner Grant (FHOG) relating to newly built homes south of the 26th parallel

Important dates:

The changes announced under these measures apply to transactions entered into on or after 7 May 2026 (announcement date).
The changes can’t be implemented until the relevant legislation is introduced into Parliament and system updates are completed. This is currently estimated to occur on 28 July 2026 (commencement date).

Eligible transactions entered into between the relevant announcement date and the commencement date will be assessed according to rates, thresholds and caps that applied before the announcement date. After the commencement date, these transactions can be reassessed and a refund issued.

Wowee! We’re so grateful! 🙏🏼 Thank you, thank you, thank you.