As of the latest updates, first-home buyers in Western Australia can potentially purchase a house stamp duty-free in certain Perth suburbs if the property falls under the relevant thresholds set by th
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As of the latest updates, first-home buyers in Western Australia can potentially purchase a house stamp duty-free in certain Perth suburbs if the property falls under the relevant thresholds set by the state government. Here are seven Perth suburbs where first-home buyers might find properties that qualify for the stamp duty exemption:
Armadale:
- Known for its affordable housing options, Armadale is a popular choice for first-home buyers. The suburb offers a range of amenities including schools, shopping centers, and parks.
Gosnells:
- This suburb offers a mix of older homes and new developments, making it a versatile option for first-home buyers. Gosnells has good public transport links and community facilities.
Maddington:
- Maddington is another suburb with a variety of affordable housing options. It has a mix of residential and commercial areas, providing convenience for residents.
Kelmscott:
- With a combination of heritage and new homes, Kelmscott provides a scenic living environment near the Perth Hills. It is known for its community spirit and local amenities.
Mirrabooka:
- Located relatively close to Perth’s city center, Mirrabooka offers affordability and accessibility. The suburb has various recreational facilities and shopping centers.
Balga:
- Balga is a well-established suburb with a variety of affordable housing options. It offers good access to schools, parks, and public transport.
Thornlie:
- Thornlie is known for its family-friendly atmosphere and affordable properties. It has excellent amenities including schools, parks, and shopping centers.
Stamp Duty Exemption Eligibility:
To be eligible for the stamp duty exemption, first-home buyers in Western Australia need to meet the following criteria:
- The property value must be below the established threshold. As of the latest guidelines, the full stamp duty exemption applies to homes valued up to $430,000, with a sliding scale for homes valued between $430,000 and $530,000.
- The buyer must be an individual (not a company or trust) and at least 18 years old.
- The buyer must occupy the home as their principal place of residence for at least 12 months.
- The buyer must not have previously received the first-home owner grant or owned a residential property in Australia.
It's important to check the latest guidelines from the Western Australian Department of Finance or consult with a real estate professional like Sheen Jain for the most current information and personalized advice.
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