WA's latest changes to the First Home Owner Grant and stamp duty concessions are set to provide meaningful relief for first home buyers trying to enter an increasingly competitive property market. Under the new measures announced as part of the 2026–27 WA State Budget, eligible buyers will pay no stamp duty on homes valued up to $600,000, an increase from the previous $500,000 threshold, while concessional rates will now apply to properties valued up to $800,000. Vacant land buyers will also benefit, with the exemption threshold increasing from $350,000 to $450,000.
The lifting of the stamp duty thresholds is one of the most significant aspects of the package because it directly reduces the upfront cash required to purchase a property. For many buyers, stamp duty has been one of the biggest barriers to getting into the market, often adding tens of thousands of dollars to the savings needed before settlement. By increasing the thresholds, more buyers will now qualify for either a full exemption or a partial concession on homes that better reflect current Perth market prices. As REIWA CEO Cath Hart said, "These changes will see significant savings for many first home buyers, helping them make the move to home ownership."
The likely impact of these changes will be improved accessibility for first home buyers, particularly those who were previously priced just outside the old thresholds. Buyers may now have greater flexibility in the suburbs or property types they can consider, without needing to stretch their deposit further to cover government charges. However, while the reforms are a welcome boost, competition in the lower-to-middle price brackets is expected to remain strong as more buyers become eligible for assistance. For first home buyers, this means preparation remains critical; securing finance pre-approval early, understanding borrowing capacity and acting quickly when the right property becomes available will continue to be key in navigating the WA market.
As the market responds to these changes, having the right guidance and finance strategy in place can help first home buyers act with confidence when the right opportunity arises. Speaking with a TAG Finance mortgage broker early can help you understand your borrowing capacity, government incentives and the steps needed to enter the market with confidence.