Stamp Duty Calculator WA
DISCLAIMER: IMPORTANT INFORMATION ABOUT OUR STAMP DUTY CALCULATORS
The calculator on this website is offered for informational purposes only, serving to demonstrate possible scenarios. The results generated by the calculator are intended solely as a general guide and an estimation, founded upon the data you have supplied. It is essential to understand that reliance on the calculator for making legal or financial decisions is not advised.
The outcome provided by this tool is not a replacement for expert consultation and should not be interpreted as professional counsel. It is important to consider obtaining independent legal, financial, taxation, or other advice that pertains to your particular situation.
Broker Circle Pty Ltd exercises due diligence in the creation and maintenance of this calculator; nevertheless, we do not guarantee the accuracy or suitability of the information provided for your specific circumstances, nor do we suggest any specific course of action based on these calculations. The calculator is configured for purchasing owner-occupied homes only and its use is not intended for land purchases or investment properties. Be aware that additional fees and charges may apply.
Last updated: 5 August 2023. BrokerCircle's calculator reflects the updates for the 2023-2024 financial year.
Frequently asked questions
Everything you need to know about Western Australia stamp duty
What are the prevailing stamp duty rates in Western Australia?
In Western Australia (WA), stamp duty, also known as transfer duty, is levied on a tiered basis contingent upon the value of the property. Owner-occupied homes and business assets under $200,000 are subject to a concessional rate of duty. Below is a delineation of the duty rates applicable to residential properties that are intended to serve as the owner's domicile, inclusive of the concessional rate:
- For a property value ranging from $0 to $120,000, the duty rate is $1.50 for each $100 of the property's value.
- For a property value between $120,001 and $200,000, the duty rate is a base of $1,800 plus an incremental $4.04 for every $100 in value exceeding $120,000.
- For a property value between $200,001 and $360,000, the duty rate is a base of $3,135 plus an incremental $3.80 for every $100 in value exceeding $150,000.
- For a property value between $360,001 and $725,000, the duty rate is a base of $11,115 plus an incremental $4.75 for every $100 in value exceeding $360,000.
- For property values of $725,001 and above, the duty rate is a base of $28,453 plus an incremental $5.15 for every $100 in value exceeding $725,000.
It is pertinent to note that investment properties are excluded from these rates, and distinctive concessions may apply for first-time homeowners.
What constitutes transfer and mortgage registration fees?
Land transfer registration fees, or simply transfer fees, are mandated for the official recording of your property interest. These fees in WA are calculated based on the assessed value of the property. In the instance of property acquisition via a mortgage, a mortgage registration fee is applicable. For the fiscal year 2023-24, this fee is a stipulated flat rate of $203.
Are there stamp duty concessions for first-time home purchasers in WA?
Indeed, first-time homebuyers in WA may be eligible for the First Home Owner Rate, which provides a reduction in the stamp duty owed on homes valued up to $530,000. For homes valued under $430,000, the stamp duty is entirely waived. Homes valued between $430,000 and $530,000 benefit from a reduced duty rate.
To be eligible, you must satisfy the following criteria:
- All applicants must be individuals rather than corporate entities or trusts.
- All applicants must be at least 18 years of age.
- Neither you nor any co-applicants should have previously benefited from the First Home Owner's Grant or Rate.
- Neither you nor your partner should have owned residential property in Australia prior to July 1, 2000, or occupied residential property that either of you owned after July 1, 2004.
- You and your partner are obliged to occupy the home as your principal residence for a continuous period of at least six months, commencing within 12 months of purchase.
Foreign purchasers may qualify for this rate but are subject to an additional foreign owner surcharge.
Is there an additional duty surcharge for foreign property purchasers in WA?
Yes, foreign purchasers in WA are subject to an additional duty surcharge of 7% on the property value, which is in conjunction with the standard stamp duty rates. However, you are exempt from this surcharge if you are an Australian citizen, a permanent resident, or a New Zealand citizen holding a special category visa. Should a foreign purchaser buy property in conjunction with a non-foreign partner, the surcharge is applied only to the foreign individual's share of the property.
Please be advised, additional costs may apply beyond this duty surcharge.
News & Articles
Interivews, tips, guides, industry best pratices, and news.