KEY INSIGHTS
- Proposed changes could make eligible off-the-plan purchases more affordable.
- Seek appropriate advice to ensure you meet the eligibility requirements.
Understanding WA's proposed Off-the-Plan Stamp Duty changes
Purchasing a property is one of the biggest financial decisions you'll make, and understanding the government incentives available can make a meaningful difference to your buying journey.
The Western Australian Government has announced proposed changes to its off-the-plan transfer duty concession, aimed at encouraging new housing supply.
The announcement includes an expansion of eligible property types to include a broader range of survey-strata developments, such as duplexes, triplexes, villas and townhouses, along with an extension of the concession period through to 30 June 2028.
However, while these changes have been announced, they are still subject to legislation and formal implementation by RevenueWA. Further guidance is expected regarding eligibility and how the concessions will apply to contracts entered into after the announcement.
So Realmark has reached out to experienced settlement agent Katherine Hanson, Director & Licensee, Hanson Property Settlements. Katherine shared:
Government concessions can create valuable opportunities for buyers, but eligibility often depends on the timing of your purchase and your individual circumstances. Before entering into a contract, it's worth taking the time to understand what may be available and how the current rules apply to you.
What are the stamp duty concessions?
Stamp duty is calculated on the value of a property and can represent a significant upfront expense.
The proposed changes would:
- Extend the off-the-plan transfer duty concession until 30 June 2028.
- Increase the property value thresholds eligible for concessions.
- Expand eligibility to include new dwellings in survey-strata and community title developments, in addition to apartments and traditional strata properties.
- Apply to eligible transactions entered into on or after 12 March 2026, with reassessments and refunds available once the legislation and system updates are implemented.
The proposed concession is intended to reduce that cost for eligible buyers purchasing new off-the-plan homes, making it easier to enter the market or downsize. The changes are also intended to encourage the construction of more medium and higher-density housing across Western Australia.
Who could benefit?
The proposed concession may be relevant if you're considering:
- Purchasing an apartment before construction is complete.
- Buying a townhouse, villa or other eligible dwelling within a survey-strata or community title development.
Eligibility depends on the type of property, the contract date and the value of the purchase. Different concession levels may apply depending on whether construction has commenced.
If you're considering purchasing an off-the-plan property, it's worth understanding how the proposed changes may apply to your circumstances. While the concessions have been announced, they remain subject to legislation and administrative implementation.
How Realmark can help
At Realmark, we know buying property is about more than finding the right home or investment. Understanding the financial considerations, government initiatives and settlement process can help you make informed decisions with confidence.
Buying off the plan is an exciting opportunity, but it also comes with additional contracts, timelines and considerations. Our team can help you understand the buying process, introduce you to quality new developments, and connect you with experienced finance brokers, settlement agents, accountants and solicitors who can provide advice tailored to your individual circumstances.
As government legislation and incentives continue to evolve, it's important to rely on the latest official information. We encourage buyers to refer to the Western Australian Government's guidance and seek independent professional advice to understand how any concessions, grants or other incentives may apply to their purchase.
Whether you're purchasing your first home, your next home or an investment property, Realmark is here to help you navigate the journey with confidence.