Zero stamp duty spurs new buyers

The WA Government's new stamp duty concessions have real estate agents basking in a rash of sales and an upsurge in the housing market. In the first two weeks of July, sales to first-home buyers of houses under $220,000 rose 23 per cent in the lower-priced suburbs. Buyers have saved up to $8,320 in stamp duties on homes in Gosnells, Kelmscott, Thornlie, Armadale, Heathridge, Clarkson and Ellenbrook.

The new stamp duty rates also reduce stamp duty for homes priced up to $300,000.

The Office of State Revenue said it has received 860 applications for first homeowners' grants, more than previous months, but it's too early to gauge sales.

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