- $297 million housing tax package delivers Cook Labor Government's third stamp duty cut for first home buyers
- Changes to boost affordability, drive more housing supply, and help ensure every Western Australian has a place to call home as part of 2026-27 State Budget
- First home buyer stamp duty exemption and concession thresholds increasing by $100,000 from today
- Changes to deliver savings of up to $22,515 when buying a new or established home and up to $25,390 when building a home
- Changes to benefit more than 25,000 first home buyers over the next four years
- First Home Owner Grant cap also increased to $800,000 to encourage construction of new homes
- Builds on landmark $2 billion investment by Albanese and Cook Labor Governments to deliver 11,000 new homes exclusively for Western Australian first home buyers
The Cook Labor Government is delivering a third round of stamp duty relief for first home buyers in the 2026-27 State Budget to boost affordability, drive more housing supply, and help ensure every Western Australian has a place to call home.
As part of a $297 million housing tax package supporting first home buyers, the Cook Labor Government will increase stamp duty concession and exemption thresholds for first home buyers by $100,000.
From today, first home buyers will pay no stamp duty for newly built or established homes up to $600,000 (up from $500,000), with stamp duty concessions available for homes up to $800,000 (up from $700,000).
To drive new housing supply, first home buyers will pay no stamp duty for vacant land purchases up to $450,000 (up from $350,000), with reduced rates for homes up to $550,000 (up from $450,000).
The property cap for the $10,000 First Home Owner Grant (FHOG) will also increase from $750,000 to $800,000 from today.
These changes are expected to benefit more than 25,000 first home buyers over the next four years, with roughly 12,000 no longer paying any stamp duty when they buy an established home or vacant land.
For Western Australians buying their first home, these changes mean they will save up to $22,515 on stamp duty when purchasing a new or established home, and up to $25,390 when buying vacant land and constructing a home.
First home buyers building a new home will also be able to claim the stamp duty exemption or concession on vacant land, even if the new house and land exceeds the FHOG value cap.
First home buyers will also benefit from the Cook Labor Government's recent extension of stamp duty relief for off-the-plan homes, which now applies to survey strata dwellings for the first time, in addition to apartments, townhouses, and other built strata developments.
This means that no stamp duty is paid for dwellings purchased pre-construction up to $800,000, tapering to a 50 per cent concession for homes above $900,000.
Today's announcement builds on a landmark $2 billion housing agreement between the Cook and Albanese Labor Governments that is set to deliver more than 11,000 homes for first home buyers across Western Australia.
The Cook Labor Government will invest $375 million to build 500 affordable homes exclusively for first home buyers, who will be able to access support to buy the homes through Keystart's shared equity loans scheme.
The package will deliver enabling infrastructure for new land supply in key growth corridors around the State, including METRONET station precincts, with up to 30 per cent of supported land to be set aside exclusively for first home buyers.
An additional $250 million has been committed for a new First Home Buyer Commercial Financing Facility through Keystart to provide low-cost finance to multi-unit developments offering affordable homes, including for first home buyers.
Another $250 million has been committed for a new Pre-sale Guarantee to help developers meet pre-sale thresholds for new apartment and townhouse developments to unlock more homes across the State.
Further information about the eligibility requirements and how to access these concessions is available at www.wa.gov.au/government/announcements/2026-27-housing-taxation-package .
For more information, visit ourstatebudget.wa.gov.au
As stated by Premier Roger Cook:
"My government's priority is ensuring every Western Australian has a home.
"In recent days, I have announced initiatives for renters, investments in medium- and high-density developments, and plans to build hundreds of homes for frontline service workers in regional WA.
"This tax package will help even more first-time buyers get into the market, ensuring even more Western Australians can have the security a home provides."
As stated by Treasurer Rita Saffioti:
"This year's State Budget is delivering the biggest ever package to support first home buyers because every Western Australian deserves the opportunity to own their home.
"It's about supporting young people who are thinking about their future, as well as parents and grandparents thinking about future generations.
"This Budget invests in building homes near METRONET stations, unlocking land across our suburbs, and providing loans to developers delivering affordable homes for Western Australians.
"The Cook Labor Government is doing more to increase supply through innovative new measuresset to deliver thousands of new homes exclusively for first home buyers across the State."
As stated by Finance Minister David Michael:
"These new initiatives demonstrate the Cook Labor Government's commitment to expanding housing supply in WA and making it easier for first home buyers to enter the housing market.
"By again increasing the first home buyer stamp duty exemption and concession thresholds, we are responding to Perth's rapidly changing housing market to provide more relief for more first home buyers.
"This dovetails with the government's announcement in February to increase land tax exemption for eligible build-to-rent developments from 50 per cent to 75 per cent as part of our ongoing efforts to help every Western Australian have a home."
As stated by Housing and Works Minister John Carey:
"The 2026-2027 State Budget funds thousands more affordable and social rentals, new homes for first home buyers, and significantly invests in unlocking more land for housing.
"This investment in stamp duty relief is yet another way we're ensuring young people and families have a home.
"It demonstrates a focus on more supply and targeted help for first home buyers to get their foot in the door of the property market."
Purchasing a newly built or established home |
|||
Property value |
Stamp duty payable |
FHB stamp duty payable |
Saving |
$300,000 |
$8,835 |
$0 |
$8,835 |
$350,000 |
$10,735 |
$0 |
$10,735 |
$400,000 |
$13,015 |
$0 |
$13,015 |
$450,000 |
$15,390 |
$0 |
$15,390 |
$500,000 |
$17,765 |
$0 |
$17,765 |
$550,000 |
$20,140 |
$0 |
$20,140 |
$600,000 |
$22,515 |
$0 |
$22,515 |
$650,000 |
$24,890 |
$8,075 |
$16,815 |
$700,000 |
$27,265 |
$16,150 |
$11,115 |
$750,000 |
$29,741 |
$24,225 |
$5,516 |
$800,000 |
$32,316 |
$32,316 |
$0 |
Purchasing vacant land and building a home |
|||||
Vacant land value |
Stamp duty payable |
FHB stamp duty payable |
Savings |
FHOG* |
Total support |
$300,000 |
$8,835 |
$0 |
$8,835 |
$10,000 |
$18,835 |
$350,000 |
$10,735 |
$0 |
$10,735 |
$10,000 |
$20,735 |
$400,000 |
$13,015 |
$0 |
$13,015 |
$10,000 |
$23,015 |
$450,000 |
$15,390 |
$0 |
$15,390 |
$10,000 |
$25,390 |
$500,000 |
$17,765 |
$10,070 |
$7,695 |
$10,000 |
$17,695 |
$550,000 |
$20,140 |
$20,140 |
$0 |
$10,000 |
$10,000 |
*assumes property value up to revised FHOG cap of $800,000.
