The Western Australian Government funds and provides a First Home Buyer Grant of $7000 to all first-home-buyers. Combined with the Federal Government’s $14,000 First Home Owner Boost, first home buyers of new homes will receive maximum benefits of up to $21,000.

Note: The Federal Government "Boost" grant applies to contracts entered into between 14 October 2008 and 30 June 2009 (inclusive).

Other Savings
In addition to the First Home Buyers Grant, West Australian First Home Buyers receive further financial support through the Home Buyers Assistance scheme. Under the scheme, first home buyers who purchase an established or partially built home through a licensed real estate agent receive a grant of up to $2000. To be eligible, the purchase price must not exceed $400,000.

The scheme is funded from interest paid on real estate agents' trust accounts.

Stamp Duty Savings

In Western Australia, first home buyers also receive stamp duty concessions when purchasing a new or established home as follows:

• Established Homes or House and Land Packages to the value of $500,000 pay no stamp duty

• Established Homes and House and Land Packages over $500,000 pay a reduced stamp duty rate

• Vacant land to the value of $300,000 pay no stamp duty (must have a signed builders contract)

• Vacant land over $300,000 pay a reduced stamp duty rate (must have a signed builders contract)

Further information about Western Australia's first-home buyer grants.