Western Australian Government has announced Stamp Duty rebates of up to $50,000 for all buyers purchasing off-the-plan apartments in a bid to stimulate the state's struggling property sector, slow construction industry and create jobs.
How it works:
 |
Available to buyers who sign pre-construction contracts to purchase a new residential unit or apartment in a multi-tiered development; |
|
No cap on the purchase price or value of the unit or apartment |
|
Purchasing more than one property will make you eligible for multiple rebates |
|
The discount will also apply to Transfer Duty and Foreign Buyers Duty |
|
Starting effective immediately for the next 2 years (between 23 October 2019 and 23 October 2021) |
This rebate also builds on the generous stamp duty assistance that is already available to first home buyers in WA. For example, a first home buyer purchasing an apartment valued at $450,000 would currently pay around $3,800 in duty. The rebate will reduce this to just $960.
Australian buyer savings:
| Price ($) | Current duty | New duty | Saving |
| 300,000 | 8,835 | 2,209 | 6,626 |
| 400,000 | 13,015 | 3,254 | 9,761 |
| 500,000 | 17,765 | 4,441 | 13,324 |
| 600,000 | 22,515 | 5,629 | 16,886 |
| 700,000 | 27,265 | 6,816 | 20,449 |
| 800,000 | 32,316 | 8,079 | 24,237 |
| 900,000 | 37,466 | 9,366 | 28,099 |
| 1,000,000 | 42,616 | 10,654 | 31,962 |
| 1,500,000 | 68,365 | 18,365 | 50,000 |
Foreign buyer savings:
| Price ($) | Current duty | New duty | Saving |
| 300,000 | 29,835 | 7,459 | 22,376 |
| 400,000 | 41,015 | 10,254 | 30,761 |
| 500,000 | 52,765 | 13,191 | 39,574 |
| 600,000 | 64,515 | 16,129 | 48,386 |
| 700,000 | 76,265 | 26,265 | 50,000 |
| 800,000 | 88,316 | 38,316 | 50,000 |
| 900,000 | 100,466 | 50,466 | 50,000 |
| 1,000,000 | 112,616 | 62,616 | 50,000 |
| 1,500,000 | 173,365 | 123,365 | 50,000 |
Save on a brand-new WA apartment
Act now to get the best available options
With the Western Australian economy set to gain momentum with:
 |
$165B of Mining & Infrastructure projects; |
|
WA now getting over A$2bn worth of GST top up payments from the Federal Government over the next 4 years; |
|
the population growth improving; and |
|
Vacancy rates on the decline. |
There has never been a better time to take advantage of the softer market conditions than now, so secure your stamp duty saving before the property market moves into its next growth cycle
Aussieproperty.com have a vast selection of Perth’s most impressive off-plan pre-construction developments that are well researched and offer the best opportunities for capital growth and strong rental yields. For a full selection of properties contact our team.
Finance options are available. Discover how to unlock your existing equity to secure a new apartment.
Our professional Property Management team can ensure your property in Perth is well taken care of with their low 6.6%pa Property Management Fee (including GST)*
*Additional fee for monthly statements. Website marketing, professional photography, signage, court attendance, letting and releasing fees will only be charged when services are required.
