Changes to the First Home Owner Rate of Duty and Off-The-Plan Duty Concession

The State Government has announced changes extending and expanding the off-the-plan duty concession.  The changes apply to transactions entered into from 21 March 2025. 

Summary of changes

1. An increase to the value of homes and vacant land that are eligible for no transfer duty or a reduced rate of duty.

2. For off-the-plan duty concessions:

   1. an extension of the eligible contract dates until 30 June 2026;

   2. an increase to the value thresholds for pre-construction and under construction contracts;

   3. expanding the concession to purchases of single-tiered strata or community titles (building) scheme dwellings (but not a survey-strata scheme). 

When?

RevenueWA anticipates implementing changes to apply the new rates in early May 2025 for the first home owner rate of duty and in late June 2025 for the off-the-plan duty concession.

Transactions that are eligible for a reduced amount of duty but settle before the changes can be applied may be reassessed for a refund of duty after settlement. 

Quick reference guide

	Increase	Previous
Purchase of vacant land	No duty is payable on land valued up to $350,000	$300,000
	The value of the land must not exceed $450,000	$400,000
	If the dutiable value is between $350,000 and $450,000, duty is payable at a rate of $15.39 for every $100, or part of $100, by which it exceeds $350,000.
Purchase of a home	No duty is payable on homes valued up to $500,000.	$400,000
	The value of the home must not exceed $700,000 for properties located in the Perth Metro and Peel regions.	$600,000
	If the dutiable value is between $500,000 and $700,000 in the Metro or Peel regions, duty is payable at a rate of $13.63 for every $100, or part of $100, by which it exceeds $500,000.	$600,000
	The value of the home must not exceed $750,000 for properties located outside these regions.	$600,000
	If the dutiable value if between $500,000 and $750,000 outside the Metro or Peel regions, duty is payable at a rate of $11.90 for every $100, or part of $100, by which it exceeds $500,000.	$600,000
Off-the-plan purchases (pre-construction)	No duty is payable on properties valued up to $750,000.	$650,000
	The 100% duty concession reduces to 50% for properties valued between $750,000 and $850,000.	$650,000 - $750,000
	The 50% duty concession applies to properties valued over $850,000.	$750,000
Off-the-plan purchases (under construction)	A 75% duty concession applies to properties valued up to $750,000.	$650,000
	The 75% duty concession reduces to 37.5% for properties valued between $750,000 and $850,000.	$650,000   - $750,000
	A 37.5% duty concession applies to properties valued over $850,000.	$750,000
Off-the- plan purchases (strata scheme or community titles)	Concessions will be expanded to off-the-plan purchases of all strata scheme or community titles (building) scheme dwellings including townhouses and villas, not just multi-tiered schemes.  This does not apply to the construction of a dwelling on a survey-strata plan.