How Eglinton Village First Home Buyers Can Take Advantage of New Stamp Duty Savings

Thinking of buying your first home? With recent changes to stamp duty in Western Australia and affordable land now available at Eglinton Village, there's never been a better time to take the first step onto the property ladder.

What Is Stamp Duty?

Stamp duty is a government tax paid when purchasing property or land. For first home buyers in Western Australia, there are generous concessions and exemptions that can significantly reduce or even eliminate this cost. You can learn more about stamp duty and how it applies to home buying by downloading the First Home Buyer Finance eBook below.

What Are the New Stamp Duty Changes?

The WA Government has introduced higher thresholds for stamp duty exemptions and concessions, making it easier for first home buyers to enter the market.

For Land Purchases:

• No stamp duty on land valued up to $350,000 (previously $300,000).
• Reduced stamp duty for land valued between $350,000 and $450,000 (previously $300,000 to $400,000).

These changes are now in place and aim to lower upfront costs for first-time buyers.

For House & Land Packages:

When purchasing a house and land package, stamp duty is only payable on the land component, not on the total value of the house and land, which can result in significant savings.

Read more: WA Government announcement

Use the REIWA Stamp Duty Calculator

Want to know how much you’ll save? Use the highly popular and trusted REIWA Online Stamp Duty Calculator to estimate your costs under the new thresholds.

Additional Support for WA First Home Buyers

Alongside stamp duty savings, first home buyers in WA may also be eligible for:

• The First Home Owner Grant ($10,000 for new homes). This is a one-off payment to encourage and assist first home buyers to buy or build a new residential property for use as their principal place of residence.
• Keystart Home Loans, which have lower entry costs, with a low deposit requirement and no lender's mortgage insurance, so you can get into your own home sooner.

To learn more about finance options and grants available, check out the First Home Buyer Finance eBook from Cedar Woods.

Why Eglinton Village is Perfect for First Home Buyers

At Eglinton Village, land starts from just $345,000*, making it eligible for the full stamp duty exemption under the new rules. Combine that with a potential First Home Owner Grant and Keystart financing, and you could be well on your way to owning your dream home sooner than you think.

Located in Perth’s rapidly growing northern corridor and close to parks, schools and Eglinton train station, Eglinton Village offers the ideal setting to start your new chapter.

To learn more about what Eglinton Village has to offer contact our Estate Sales Manager today.

*Price and availability subject to change.