Whether you’re on the hunt for an apartment on the fringe of Perth’s CBD or a home in the beachtown of Broome, our Western Australian stamp duty calculator makes crunching the numbers super easy. Just plug a few details into the calculator and we’ll do the rest so that you know how much to set aside for stamp duty.
Calculations valid for 2020-2021 financial year
Includes duty discounts for first home buyers but does not include state or federal grants
Some states may give further discounts or exemptions in certain circumstances
What next?
Check out some top home loan offers, read up on all things home loans or check out our other calculators
Home loan comparisons on Mozo - rates updated daily
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
$1234
1 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
A super low introductory rate home loan with no monthly or ongoing fees. Unlimited free redraws and unlimited additional repayments to help you build your equity and own your home sooner. Multiple loan splits available. (Rates revert after introductory period ends). 20% minimum deposit required.
A super low introductory rate home loan with no monthly or ongoing fees. Unlimited free redraws and unlimited additional repayments to help you build your equity and own your home sooner. Multiple loan splits available. (Rates revert after introductory period ends). 20% minimum deposit required.
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
$520
$0.00
$0.00
yes - free
yes - free
Optional - with 0.10% additional interest
$520
80.00%
$50,000
$1,000,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Smart Booster Home Loan
2.34% p.a. variable
2.34% p.a.
$1234
Owner Occupier, Principal & Interest
2.34% p.a. variable
2.34% p.a.
Enjoy a super low rate, $0 fees and easy application with the Mozo Experts Choice Home Lender Bank of the Year.^ Free redraw with flexible repayments. Min 20% deposit.
Enjoy a super low rate, $0 fees and easy application with the Mozo Experts Choice Home Lender Bank of the Year.^ Free redraw with flexible repayments. Min 20% deposit.
2.34% p.a. variable
2.34% p.a.
$0
$0.00
$0.00
yes - free
yes - free
no
$0
80.00%
$100,000
-
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the UHomeLoan - Discount Offer
2.19% p.a. variable
2.19% p.a.
$1234
<60% LVR, Owner Occupier, Principal & Interest
2.19% p.a. variable
2.19% p.a.
Fast online application with no fees. Free extra repayments and redraw facility. Min 40% deposit. Crowned Best New Home Loan for 2020 by the Mozo Experts.^
Fast online application with no fees. Free extra repayments and redraw facility. Min 40% deposit. Crowned Best New Home Loan for 2020 by the Mozo Experts.^
2.19% p.a. variable
2.19% p.a.
$0
$0.00
$0.00
yes - free
yes - free
no
$0
60.00%
$100,000
$2,000,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Celebrate Variable Home Loan
2.04% p.a.
fixed 2 years
2.79% p.a.
$1234
Owner Occupier, LVR <80%, 300k+
2.04% p.a.
fixed 2 years
2.79% p.a.
Enjoy $3,000 cashback when you refinance with Virgin Money (T&Cs apply). Additional repayments up to $10,000 per annum. Reverts to the discounted variable rate on expiry of the fixed term.
Enjoy $3,000 cashback when you refinance with Virgin Money (T&Cs apply). Additional repayments up to $10,000 per annum. Reverts to the discounted variable rate on expiry of the fixed term.
2.04% p.a.
fixed 2 years
2.79% p.a.
$450
$10.00 monthly
$350.00
yes - up to $10,000 per annum
no
no
$450
80.00%
$300,000
-
Fixed
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
$3,000 cashback for new borrowings of at least $300,000 with applications made by 22 Jan 2021 and settled by 23 April 2021.
Read our Mozo Review to learn more about the Special Offer Reward Me Fixed Rate Home Loan
2.09% p.a.
fixed 2 years
2.56% p.a.
$1234
Fixed, Owner Occupier, Principal & Interest, LVR 70-80%
2.09% p.a.
fixed 2 years
2.56% p.a.
Flexible loan structure – create up to six loan accounts with different rate and repayment types. Free redraw from your loan using Macquarie Online.
Flexible loan structure – create up to six loan accounts with different rate and repayment types. Free redraw from your loan using Macquarie Online.
2.09% p.a.
fixed 2 years
2.56% p.a.
$0
$0.00
$400.00
yes - free
yes - free
no
$0
80.00%
$150,000
$750,000
Fixed
Principal & Interest
Owner Occupier
Monthly
Read our Mozo Review to learn more about the Basic Home Loan
1.89% p.a.
fixed 2 years
2.94% p.a.
$1234
Owner Occupier, Principal & Interest, <80% LVR
1.89% p.a.
fixed 2 years
2.94% p.a.
Competitive low rates starting from 1.89% (2.94% comparison rate) 2 years fixed for owner occupiers. No monthly account keeping fees & No loan establishment fee.
Competitive low rates starting from 1.89% (2.94% comparison rate) 2 years fixed for owner occupiers. No monthly account keeping fees & No loan establishment fee.
1.89% p.a.
fixed 2 years
2.94% p.a.
$0
$375.00 yearly
$350.00
yes - free up to $500 per month
no
no
$0
80.00%
$150,000
-
Fixed
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Fixed Home Loan Special Offer
2.19% p.a. variable
2.20% p.a.
$1234
Owner Occupier, Principal & Interest, LVR <60%
2.19% p.a. variable
2.20% p.a.
Competitive variable rate. Borrowers choose their repayment schedule (weekly, fortnightly or monthly) and can also make extra repayments. Redraw facility available. Simple online application process.
Competitive variable rate. Borrowers choose their repayment schedule (weekly, fortnightly or monthly) and can also make extra repayments. Redraw facility available. Simple online application process.
2.19% p.a. variable
2.20% p.a.
$250
$0.00
$300.00
yes - free
yes - free
no
$250
60.00%
$80,000
$5,000,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Neat Home Loan
2.17% p.a. variable
2.20% p.a.
$1234
Owner Occupier, Principal & Interest, LVR <80%
2.17% p.a. variable
2.20% p.a.
Well Balanced home loan is a low rate home loan with free online redraw and no valuation fee. Purchase, Refinance or Equity Release purposes allowed.
Well Balanced home loan is a low rate home loan with free online redraw and no valuation fee. Purchase, Refinance or Equity Release purposes allowed.
2.17% p.a. variable
2.20% p.a.
$785
$0.00
$300.00
yes - free
yes - free
Optional - $10 per month
$785
80.00%
$200,000
$2,000,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Well Balanced
2.29% p.a.
fixed 4 years
3.62% p.a.
$1234
Owner Occupier, Principal & Interest, Home Loan Package
2.29% p.a.
fixed 4 years
3.62% p.a.
A People’s Choice 4 year fixed home loan allows you to enjoy a simple, non-complicated home loan with a competitive rate. There are no restrictions to the number of loans you can combine on a package. Lock in a competitive fixed interest rate with People’s Choice.
A People’s Choice 4 year fixed home loan allows you to enjoy a simple, non-complicated home loan with a competitive rate. There are no restrictions to the number of loans you can combine on a package. Lock in a competitive fixed interest rate with People’s Choice.
2.29% p.a.
fixed 4 years
3.62% p.a.
$0
$395.00 yearly
$350.00
yes - free up to $10,000 p.a
no
no
$0
95.00%
$100,000
-
Fixed
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Fixed Rate Home Loan
Hot Deal $3,000 cashback when you refinance your home loan to BOQ until 26 February 21
1.99% p.a.
fixed 4 years
2.90% p.a.
$1234
Owner Occupier, Principal & Interest, <80% LVR
1.99% p.a.
fixed 4 years
2.90% p.a.
Have the certainty of fixed repayments with a competitive rate from BOQ. Flexible repayment options available and make up to $5,000 in additional repayments annually. $3,000 cashback when you refinance your home loan to BOQ (min. $250k lending, max 80% LVR, T&Cs apply).
Have the certainty of fixed repayments with a competitive rate from BOQ. Flexible repayment options available and make up to $5,000 in additional repayments annually. $3,000 cashback when you refinance your home loan to BOQ (min. $250k lending, max 80% LVR, T&Cs apply).
1.99% p.a.
fixed 4 years
2.90% p.a.
$450
$10.00 monthly
$350.00
yes - free up to $5,000 p.a
no
no
$450
80.00%
$150,000
-
Fixed
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 2021.
Read our Mozo Review to learn more about the Discount Fixed Rate
1.95% p.a.
fixed 3 years
2.27% p.a.
$1234
Owner Occupier, Principal & Interest
1.95% p.a.
fixed 3 years
2.27% p.a.
$0 fees and easy application with the Mozo Experts Choice Home Lender Bank of the Year.^ Choose between weekly, fortnightly or monthly repayments. 3 year fixed rates are for new Owner Occupier Principal & Interest loans.
$0 fees and easy application with the Mozo Experts Choice Home Lender Bank of the Year.^ Choose between weekly, fortnightly or monthly repayments. 3 year fixed rates are for new Owner Occupier Principal & Interest loans.
1.95% p.a.
fixed 3 years
2.27% p.a.
$395
$0.00
$0.00
yes - free up to $20,000 p.a.
no
no
$395
80.00%
$100,000
$2,000,000
Fixed
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
$395 Establishment fee waived for fixed rate loans that settle by 31 March 2020.
Read our Mozo Review to learn more about the UHomeLoan
2.19% p.a.
fixed 3 years
2.68% p.a.
$1234
Owner Occupier, Principal & Interest, LVR<80%
2.19% p.a.
fixed 3 years
2.68% p.a.
Competitive fixed rates ranging from 2.19% (2.68% comparison rate*) across 1 to 5 year terms. No application fee or annual fee. Free extra repayments (up to $10,000 per year).
Competitive fixed rates ranging from 2.19% (2.68% comparison rate*) across 1 to 5 year terms. No application fee or annual fee. Free extra repayments (up to $10,000 per year).
2.19% p.a.
fixed 3 years
2.68% p.a.
$0
$0.00
$275.00
yes - free up to $10,000 p.a.
no
no
$0
80.00%
$150,000
-
Fixed
Principal & Interest
Owner Occupier
Monthly, Fortnightly, Weekly
Read our Mozo Review to learn more about the Fixed Rate Home Loan
Hot Deal Special rate applies to home loan applications submitted by 28 February 2021
2.09% p.a. variable
2.12% p.a.
$1234
Owner Occupier, Principal & Interest, LVR <70%
2.09% p.a. variable
2.12% p.a.
Yard’s low-rate variable special home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Special rate applies to home loan applications submitted by 28 February 2021.
Yard’s low-rate variable special home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Special rate applies to home loan applications submitted by 28 February 2021.
2.09% p.a. variable
2.12% p.a.
$835
$0.00
$500.00
yes - free
yes - free
Optional - $10 per month
$835
70.00%
$150,000
$1,500,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Special rate applies to home loan applications submitted by 28 February 2021.
Read our Mozo Review to learn more about the Variable Home Loan Special
2.59% p.a. variable
2.63% p.a.
$1234
Owner Occupier, Principal & Interest
2.59% p.a. variable
2.63% p.a.
Enjoy a great low rate with no ongoing fees. Ability to split your loan between fixed and variable. Partial offset available. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Limited time offer extended, T&Cs apply
Enjoy a great low rate with no ongoing fees. Ability to split your loan between fixed and variable. Partial offset available. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Limited time offer extended, T&Cs apply
2.59% p.a. variable
2.63% p.a.
$0
$0.00
$0.00
yes - free
yes - fees apply
yes - partial only
$0
80.00%
$150,000
-
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
$2,000 cashback when you refinance your home loan from another financial institution when you apply by 28 February 2021 and are funded by 30 April 2021, min $250k, LVR <80%
Read our Mozo Review to learn more about the Special Real Deal Home Loan
Hot Deal Victoria Customers Only
2.33% p.a.variable for 24 months and then 3.82% p.a. variable
3.71% p.a.
$1234
Owner Occupier, Principal & Interest
2.33% p.a.variable for 24 months and then 3.82% p.a. variable
3.71% p.a.
GMCU Basic Variable Special Offer 2.33% (3.71% comparison rate) intro variable rate for 24 months. Offset account, extra repayments and redraw facility available. Victoria customers only.
GMCU Basic Variable Special Offer 2.33% (3.71% comparison rate) intro variable rate for 24 months. Offset account, extra repayments and redraw facility available. Victoria customers only.
2.33% p.a.variable for 24 months and then 3.82% p.a. variable
3.71% p.a.
$0
$8.00 monthly
$150.00
yes - free
yes - fees apply
yes
$0
80.00%
$50,000
-
Variable
Principal & Interest
Owner Occupier
$2,000 cash back for First Home Buyers with new borrowings $150k - $500k to those eligible for the Victorian Government First Home Owner Grant or First Home Buyer Duty Reduction Loan. Applications made by 30 Nov 2020, funded by 31 May 2021.
Read our Mozo Review to learn more about the Basic Variable Special Offer Plus
2.54% p.a. variable
2.55% p.a.
$1234
LVR<80%, Owner Occupier, Principal & Interest
2.54% p.a. variable
2.55% p.a.
No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more.
No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more.
2.54% p.a. variable
2.55% p.a.
$0
$0.00
$350.00
Yes - free
yes - free
no
$0
80.00%
$150,000
-
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Back to Basics Special
2.49% p.a. variable
2.49% p.a.
$1234
LVR<80%, Owner Occupier, Principal and Interest, >$150k
2.49% p.a. variable
2.49% p.a.
A People’s Choice Basic Variable home loan allows you to enjoy a simple, non-complicated home loan with a competitive rate and no upfront or ongoing fees. It also allows you to have the freedom to make extra repayments to pay off your loan sooner.
A People’s Choice Basic Variable home loan allows you to enjoy a simple, non-complicated home loan with a competitive rate and no upfront or ongoing fees. It also allows you to have the freedom to make extra repayments to pay off your loan sooner.
2.49% p.a. variable
2.49% p.a.
$0
$0.00
$350.00
yes - free
yes - free
no
$0
80.00%
$150,000
$1,500,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Basic Variable Home Loan
2.29% p.a. variable
2.23% p.a.
$1234
70-80% LVR, Owner Occupier, Principal & Interest
2.29% p.a. variable
2.23% p.a.
Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit. To reward borrowers for paying down their home loan, Athena will now automatically lower the rate as the loan is paid down. Crowned Best New Home Loan for 2020 by the Mozo Experts.^
Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit. To reward borrowers for paying down their home loan, Athena will now automatically lower the rate as the loan is paid down. Crowned Best New Home Loan for 2020 by the Mozo Experts.^
2.29% p.a. variable
2.23% p.a.
$0
$0.00
$0.00
yes - free
yes - free
no
$0
80.00%
$100,000
$2,000,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Liberate Variable Home Loan
2.34% p.a. variable
2.35% p.a.
$1234
Owner Occupier, Principal & Interest, LVR 70-80%
2.34% p.a. variable
2.35% p.a.
Competitive variable rate. Borrowers choose their repayment schedule (weekly, fortnightly or monthly) and can also make extra repayments. Redraw facility available. Simple online application process.
Competitive variable rate. Borrowers choose their repayment schedule (weekly, fortnightly or monthly) and can also make extra repayments. Redraw facility available. Simple online application process.
2.34% p.a. variable
2.35% p.a.
$250
$0.00
$300.00
yes - free
yes - free
no
$250
80.00%
$80,000
$5,000,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Neat Home Loan
Hot Deal $3,000 cashback when you refinance your home loan to BOQ until 26 February 21
2.59% p.a. variable
2.76% p.a.
$1234
Owner Occupier, Principal & Interest, <70% LVR
2.59% p.a. variable
2.76% p.a.
An ongoing low variable interest rate with free redraw, flexible repayment options and one free valuation. Discounted Economy variable rate available for owner occupier lending with max LVR of 70%.
An ongoing low variable interest rate with free redraw, flexible repayment options and one free valuation. Discounted Economy variable rate available for owner occupier lending with max LVR of 70%.
2.59% p.a. variable
2.76% p.a.
$450
$10.00 monthly
$320.00
yes - free
yes
no
$450
70.00%
$150,000
-
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 26 February 2021, settle by 28 May 2021.
Read our Mozo Review to learn more about the Economy Variable Home Loan
1.88% p.a.
fixed 2 years
2.98% p.a.
$1234
Owner Occupier, Principal & Interest, LVR <80%
1.88% p.a.
fixed 2 years
2.98% p.a.
Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Includes an HSBC Premier Master Card with HSBC rewards and no annual credit card fee allowing you to earn points. Mozo Experts Choice Fixed Home Loan 2020 winner^
Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Includes an HSBC Premier Master Card with HSBC rewards and no annual credit card fee allowing you to earn points. Mozo Experts Choice Fixed Home Loan 2020 winner^
1.88% p.a.
fixed 2 years
2.98% p.a.
$270
$390.00 yearly
$300.00
yes - free up to $10,000 p.a.
no
no
$270
80.00%
$500,000
$7,500,000
Fixed
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Fixed Rate Home Loan
2.48% p.a. variable
2.50% p.a.
$1234
Owner Occupier, Principal & Interest
2.48% p.a. variable
2.50% p.a.
A low-rate home loan that could save you thousands, with no ongoing fees plus unlimited extra repayments and free redraws. Mozo Experts Choice Low Cost Home Loan 2020.^ You'll need to be borrowing $1 million or less and have at least a 20% deposit required.
A low-rate home loan that could save you thousands, with no ongoing fees plus unlimited extra repayments and free redraws. Mozo Experts Choice Low Cost Home Loan 2020.^ You'll need to be borrowing $1 million or less and have at least a 20% deposit required.
2.48% p.a. variable
2.50% p.a.
$520
$0.00
$0.00
yes - free
yes - free
Optional - with 0.10% additional interest
$520
80.00%
$50,000
$1,000,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Smart Home Loan 80
2.29% p.a. variable
2.32% p.a.
$1234
Owner Occupier, Principal & Interest, LVR 70-80%
2.29% p.a. variable
2.32% p.a.
Yard’s low-rate variable special home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Special rate applies to home loan applications submitted by 28 February 2021.
Yard’s low-rate variable special home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Special rate applies to home loan applications submitted by 28 February 2021.
2.29% p.a. variable
2.32% p.a.
$835
$0.00
$500.00
yes - free
yes - free
Optional - $10 per month
$835
80.00%
$150,000
$1,500,000
Variable
Principal & Interest
Owner Occupier
Weekly, Fortnightly, Monthly
Special rate applies to home loan applications submitted by 28 February 2021.
Read our Mozo Review to learn more about the Variable Home Loan Special
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Stamp duty is a one-time government fee that all homeowners and investors need to pay when they purchase property or land in WA. How much you pay depends on where you’re buying your next property, so if you’re buying in a state or territory other than WA you can access our other state-based stamp duty calculators here:
Depending on how much you paid for your new property, you’ll fall into a certain rate tier, which determines your stamp duty fee. The general rule of thumb is; the more expensive your new home or investment in Western Australia, the more expensive your stamp duty fee will be. Our calculator makes it easy to find out how much you'll have to pay based on your property price.
While stamp duty rates will make up the bulk of the overall bill you pay to the WA state government, they aren’t the only expense. You’ll also need to pay a flat mortgage registration fee (worth $169 in Western Australia) if you’re taking out a home loan to pay for your new property.
And there is a transfer fee to pay, which is calculated as a percentage of the overall property value.
These three government charges - your stamp duty rates, mortgage registration fee and transfer fee - make up your stamp duty bill and are exactly what our WA stamp duty calculator takes into account when it crunches the numbers.
If it’s your first time entering the property market, the chances are you can save on your stamp duty fee. For example, if you’re a first home buyer in Western Australia you won’t pay a cent in stamp duty on homes - whether they’re new or existing building - valued under $430,000. If you’re spending more than that, you’ll pay at a concessionary rate of $19.19 per $100 for properties up to the value of $530,000.
To help get your head around what this means and might look like in the real world, here’s a home buying scenario to consider.
HOME BUYING SCENARIO
Sarah, having recently moved to Western Australia for work, is on the hunt for an apartment close to Perth’s CBD. After months of trawling the online real estate listings and heading to a tonne of open houses, she has found a winner with a modern two-bedroom apartment in East Perth that’s on the market for $350,000 - an ideal first home.
Using Mozo’s stamp duty calculator Sarah finds out that, as a first home buyer in Western Australia who is buying a property worth less than $430,000, she qualifies for a stamp duty exemption. This means she only needs to pay the $169 mortgage registration fee and a $259 transfer fee which comes out to a total stamp duty charge of $427.
If you’re buying vacant land as a first home buyer you’ll also be able to claim a total exemption so long as it’s worth no more than $300,000. If the property is worth more than that you’ll pay a concessional stamp duty rate of of $13.01 for every $100 over that, up to the value of $400,000.
Stamp duty concessions aren’t the only way to save as a Western Australian first home buyer, though. The state government also has a generous $10,000 up for grabs in the form of a first home buyer grant, depending on how much you’re spending and where your new home is located.
If you’re in the market for a property in Perth’s metropolitan areas (south of the 26th parallel) and you’re spending less than $750,000, you’ll eligible for the grant. And if you’re building or buying in more regional areas (north of the 26th parallel), you’ll be able to spend as much as $1,000,000 on your first home and still have access to the $10,000 first home buyers grant.
Stamp duty is a state government tax so your precious dollars and cents will be paid towards the Government of Western Australia’s Department of Finance.
Yes, as long as your credit limit is high enough to cover the cost. When it comes to making the actual payment, you’ll have a variety of options to pay the Office of State Revenue like BPay, credit card, over the phone or in-person with cash or cheque.
Yes, the Western Australian government will need your stamp duty money pretty quickly and there isn’t an option to pay in instalments. The good news is that a bunch of lenders will give you the opportunity to roll the amount into your home loan.
Once you purchase your new property and lodge your transfer of property documents you can expect a formal notice in the mail that outlines the amount, specific costs and due date. Generally speaking, the Western Australian government will give you about a month to pay your bill.
Stamp duty might be a pretty big expense when it comes to budgeting for home ownership, but there are also a bunch of other notable fees and payments to be aware of before you take the property plunge. Check out some of the other big expenses worth budgeting for, below or head over to our home buying guides section for a host of more helpful information, tips and tricks.
Deposit
The recommended deposit for a property is 20% but the more you have saved, the less you’ll have to pay in interest over the life of your home loan. The size of your deposit also affects your LVR (loan-to-value ratio) and if this falls below the 80% threshold, be prepared to stump up additional charges on your mortgage in the form of Lenders Mortgage Insurance.
Conveyancer fees
When you settle your new home or investment, a solicitor or lawyer will charge you to look over the papers and this could cost you as much as $2000.
Pest and building inspection fees
Making sure your new home is as healthy on the inside as it is beautiful on the outside is key in the home buying process, so it’s definitely worth organising pest and building inspections.
Your monthly mortgage repayments
Taking out a home loan to land your new property in WA? You’ll have weekly, fortnightly or monthly home loan repayments to start paying really soon so head over to Mozo’s mortgage repayments calculator to get an idea of what these could look like and get an idea of what your home loan interest rate could look like by surveying a few of the most popular options on the market.
Home and contents insurance
If you do have a mortgage, your home loan lender will insist you take out a cosy home insurance policy, but if you’re after something even more comprehensive you might prefer a home and contents insurance policy. Either way, this is another expense you’ll have to incorporate into your new monthly budget now that you own a property.
Landlords insurance
If you are dipping into the WA property market as an investor you’ll want to have landlords insurance sorted so that you’re covered for any damage that a tenant might cause.
Whether you’re picking up your dream home or adding to your investment portfolio, it’s no secret that purchase property can be expensive. And while you may have to pay for stamp duty, it is possible to save in other areas, like on your home loan interest rate. Our Home Loans Interest Rates page can help you compare a range of interest rates from different lenders as well as display your potential repayments for each offer.