How Is Stamp Duty Calculated In WA?
In Western Australia, stamp duty, also known as transfer duty, is calculated based on the property’s purchase price or market value, whichever is higher. The rates are progressive, meaning the percentage increases as the property value rises.
Different rates apply depending on whether you’re buying as an owner-occupier (in which case you’ll pay the residential rate) or a first-home buyer(in which case you must pay the first home owner rates.
Stamp Duty Rates In Western Australia
For Residential Property
| Purchase Price/Value | Stamp Duty (Transfer Duty) Rate |
|---|---|
| $0 - $120,000 | $1.90 per $100 or part thereof |
| $120,001 - $150,000 | $2,280 + $2.85 per $100 or part thereof above $120,000 |
| $150,001 - $360,000 | $3,135 + $3.80 per $100 or part thereof above $150,000 |
| $360,001 - $725,000 | 11,115 + $4.75 per $100 or part thereof above $360,000 |
| $725,001 + | $28,453 + $5.15 per $100 or part thereof above $725,000 |
Source: WA.gov.au
Concessional Rates
Concessions are available if the property value does not exceed $200,000.
| Property Value | Transfer Duty Payable |
|---|---|
| $0-$120,000 | $1.50 per $100 or part thereof |
| $120,001-$200,000 | $1800 + $4.04 per $100 or part thereof above $120,000 |
First Home Owner Rates
If you’re a first-home buyer purchasing property in Western Australia, a first home owner rate (FHOR) exemption or concession is available.
| Property Value | Transfer Duty Payable |
|---|---|
| Up to $450,000 | No duty payable |
| $450,001-$600,000 | $15.01 for every $100 (or part thereof) above $450,000 |
| Above $600,000 | You are eligible for the general rate of duty for residential property. |
The exemption and concession are different if you’re a first-home buyer purchasing vacant land.
| Property Value | Transfer Duty Payable |
|---|---|
| $0-$300,000 | No duty payable |
| $300,001-$400,000 | $13.01 for every $100 (or part thereof) above $300,000 |
| $400,001+ | You are eligible for the general rate of duty for residential property. |
Stamp Duty Exemptions In WA
First-home buyers in Western Australia receive stamp-duty exemptions primarily to promote affordable homeownership, stimulate economic growth, and support buyers facing financial challenges in a competitive housing market.
First-home buyers get a stamp-duty exemption if the value of the property is $450,000 or less or if the value of the vacant land is worth $300,000 or less.
First-home buyers also get a $10,000 grant to buy or build a new residential property.
You might also avoid transfer fees in the following situations:
- Spousal transfer
- Charitable transactions
- Family farm transactions
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How Do You Pay Stamp Duty In WA?
You can pay for stamp by credit card or BPAY. It might take up to three business days to process the payment.
How Much Is The Stamp Duty Surcharge For Foreign Investors In WA?
When Is Stamp Duty Paid?
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