Eligible buyers purchasing a new dwelling off the plan in Western Australia could save up to $50,000 in transfer duty under the State Government’s extended and expanded concession.

The updated settings apply to eligible contracts entered into from 12 March 2026 and extend the concession to 30 June 2028. RevenueWA implemented the new thresholds and expanded eligibility in its systems on 28 July 2026.

For an $800,000 property, the WA Government estimates an eligible buyer could save more than $32,300 when purchasing before construction begins, or more than $24,200 when purchasing while construction is underway. The exact saving depends on the purchase price, contract date, construction stage and the buyer’s circumstances.

How much could eligible buyers save?

The off-the-plan duty concession is capped at $50,000. The percentage applied depends on whether the contract is entered into before construction begins or while construction is underway.

All rates are subject to the $50,000 cap. Buyers can use RevenueWA’s updated calculator and should confirm the result with their conveyancer, legal practitioner or RevenueWA.

What changed under the extended concession?

The updated concession includes three main changes:

• the closing date has been extended from 30 June 2026 to 30 June 2028;

• the key property-value thresholds have increased from $750,000 and $850,000 to $800,000 and $900,000; and

• eligibility has expanded to include new dwellings purchased off the plan in survey-strata and community titles (land) schemes, subject to the scheme requirements.

For Cedar Woods buyers in WA, the most direct application is to eligible apartment purchases, including contracts entered into while construction is underway.

How does the concession apply to apartments under construction?

An eligible under-construction contract must be entered into after the relevant development has commenced but before it is completed. For contracts entered into from 12 March 2026:

• a 75% concession applies to properties valued at $800,000 or less;

• the concession tapers between $800,000 and $900,000; and

• a 37.5% concession applies to properties valued at $900,000 or more.

This may be relevant to eligible purchases at Incontro Subiaco, where apartment construction is underway. For an eligible Incontro purchase valued at $900,000 or more, the concession would be 37.5% of the transfer duty otherwise payable, subject to the $50,000 cap.

The actual saving will depend on the contract date, apartment price, transaction details and the buyer’s circumstances. The Incontro sales team can assist with current availability, but eligibility and duty calculations should be confirmed with RevenueWA or an independent adviser.

How does the concession apply before construction begins?

Eligible pre-construction purchases receive the highest concession rate. For contracts entered into from 12 March 2026:

• a 100% concession applies to properties valued at $800,000 or less, meaning no transfer duty is payable up to the $50,000 cap;

• the concession tapers between $800,000 and $900,000; and

• a 50% concession applies to properties valued at $900,000 or more.

For an $800,000 property, the WA Government estimates an eligible pre-construction buyer could save more than $32,300 in transfer duty.

When did the changes take effect?

The new settings apply to eligible transactions entered into from 12 March 2026 through to 30 June 2028. RevenueWA’s system updates took effect on 28 July 2026, allowing the updated rates and eligibility rules to be administered under pre-enactment provisions while the enabling legislation progresses through Parliament.

For eligible contracts entered into from 12 March 2026:

• transactions that settled before 28 July 2026 can be reassessed after settlement, with a refund issued where applicable; and

• transactions lodged before 28 July 2026 but settling after that date can be reassessed at the new rates before settlement.

For the latest implementation, eligibility and reassessment information, refer to RevenueWA’s off-the-plan duty concession guidance.

What should buyers check before relying on the concession?

Before making a purchase decision, buyers should confirm:

• whether the dwelling, scheme and transaction are eligible;

• whether the contract date falls within the relevant eligibility period;

• whether the purchase is classified as pre-construction or under construction;

• the applicable property-value threshold and concession percentage;

• whether the concession will be applied before settlement or through reassessment; and

• whether any other duty, surcharge or eligibility requirement applies to their transaction.

Where can buyers find new apartments in WA?

Cedar Woods offers new apartment opportunities designed for a range of buyers, life stages and lifestyles.

Explore Cedar Woods apartments for sale in WA, including selected apartments at Incontro Subiaco, or contact the relevant sales team for current availability.

Disclaimer: This article provides general information only and does not constitute financial, legal, taxation or eligibility advice. Eligibility for the off-the-plan duty concession depends on the applicable law, contract timing, property and scheme details, construction stage and individual circumstances. Buyers should check the latest RevenueWA guidance and seek independent professional advice before making a purchase decision.