First home buyers purchasing existing properties in Western Australia will no longer receive a $3000 government grant. The first home owner grant for established homes ended last Saturday, and any first home buyer who purchased a home after October 3 is ineligible for the $3000.
However, if the value of the property is $530,000 or less, they may still be eligible for the first home owner rate of duty. The first home owner grant of $10,000 for new constructions remains unchanged.
REIWA.com says a new application form ‘First Home Owner Grant Application and/or Pre-approval for the First Home Owner Rate of Duty’ is now available at the Office of State Revenue website.
In NSW, the first home owner grant and stamp duty concessions for existing property are long gone, and first home buyers there only receive $15,000 to buy a new or off-the-plan property.
In Victoria, girst home buyers are eligible for a $10,000 grant only for new properties.