05/06/2026
π‘ WA HOUSING SHAKE-UP: WHAT IT MEANS FOR FIRST HOME BUYERS π¨
The WA & Federal Governments have announced a major $2 BILLION housing agreement aimed at boosting supply and helping more West Aussies enter the market. π
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Over the next 5 years:
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34,000+ new homes expected across WA
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11,000 homes reserved specifically for first home buyers
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New housing focused around METRONET precincts π
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Major investment into roads, power, water and supporting infrastructure
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$375M affordable housing program delivering up to 500 homes for first home buyers
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Expanded Keystart funding to help unlock new developments
π° BIG STAMP DUTY CHANGES NOW IN EFFECT FOR FIRST HOME BUYERS:
π No stamp duty on homes up to $600,000
(Previously $500,000)
π Reduced stamp duty on homes up to $800,000
(Previously $700,000)
π± No stamp duty on vacant land up to $450,000
(Previously $350,000)
π± Reduced stamp duty on land up to $550,000
(Previously $450,000)
π First Home Owner Grant property cap increased to $800,000 for new homes
(Previously $750,000)
π΅ Potential savings of more than $22,000 in stamp duty for eligible buyers.
π While these initiatives should help increase housing supply over the coming years, Perth continues to experience strong population growth, limited listings and high buyer demand. Many of these housing projects will take several years to reach the market, meaning competition is likely to remain strong in the short term.
π For buyers, getting the right strategy in place early could make a significant difference before future supply comes online.
π Looking to buy your first home or investment property in Perth?
DV Buyers Agency can help you secure the right property, negotiate confidently and avoid costly mistakes.
π² 0478 496 697
π§ [email protected]