Buying or selling a property can be a daunting prospect.

This page is designed to provide information on the process. It will be updated and added too and aims to answer any questions that you may have. Please feel welcome to suggest or ask for any items that you may think would be helpful. Feedback is always welcome.

 

 

WESTERN AUSTRALIA

First Home Owners Grant

The first home owner grant (FHOG) is a one-off payment to encourage and assist first home buyers to buy or build a new residential property for use as their principal place of residence. The grant is $10,000 or the consideration paid to buy or build the house if less than that amount. Only one grant is payable per eligible transaction, so two people purchasing a house together may only receive one grant.

If you are a first home owner, you may qualify for the grant if you are purchasing or building a new home. A home that has been substantially renovated may be considered a new home. The grant is not available for the purchase of an established home or for renovations to an existing home.

If you receive the grant, or would be eligible except that you are purchasing an established home, you may be eligible for the concessional first home owner rate of duty.

First home owner grant (FHOG) (www.wa.gov.au)

 

 

 

Stamp Duty / Transfer Duty

Stamp duty, also known as transfer duty, is a one-off government fee paid by the purchaser of a property in Western Australia (WA). Stamp duty in WA is calculated on the market value of the property or the price you paid for the property, whichever is higher. This is known as the dutiable value of the property

 

 

 

 

 

Methods Of Sale

There are various methods of selling a property. If you would like further information click the links below and as always I am happy to go over any questions that you have.

What Are The Different Selling Methods In Western Australia? | REIWA

Real Estate Advice for Buyers, Sellers, Renters, Investors and Renovators (reiwa.com.au)

Keeping up with what’s happening in the market.

Being informed on what is happening in the market and what influences the property market is important. These a few trusted and informative sites I also follow.

Matusik Missive – Trusted Property Analysis

Michael Yardney’s Commentary – Property Update

Monetary Policy | RBA

 

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12 Peels Pl, Albany, WA 0409 935 947 Email us