Stamp duty gone for WA first-home buyers
More than 70 per cent of first-home buyers in Western Australia won't have to pay stamp duty on property purchases from today, July 1. Among a string of changes, stamp duty is cut by 5 per cent across the board and the tax-free threshold for land tax rises to $100,000. First-home buyers won't have to pay any stamp duty on houses up to $220,000 while properties up to $300,000 will attract a reduced rate. Stamp duty on vacant land has also been abolished or cut for first-home buyers. There's a full rebate on land worth up to $100,000 and there's a reduction on land priced up to $150,000.