WA Budget delivers stamp duty concessions for first home buyers
The WA Budget has delivered an overhaul of stamp duty concessions, with tax cuts to benefit almost 5,000 first home buyers each year and increase the maximum value of the concession to $15,390.
Property value thresholds for the first home buyer transfer duty concession scheme have been amended for the first time since July 2014. (Image source: Shutterstock.com)
The WA State Budget has delivered some relief to first home buyers with an increase to the stamp duty concession threshold.
As part of the 2024-25 State Budget, the Cook Government will increase the first home buyers transfer duty concession threshold for established homes from $530,000 to $600,000, and the exemption threshold from $430,000 to $450,000.
The reforms will provide total savings of up to $15,390 and benefit almost 5,000 first home bu…
