Need help working out  your acquisition and ongoing costs with your property?

These external links will help:

 

Stamp Duty

Stamp Duty is payable in almost all circumstances when buying or transferring real estate. It is a tax levied by the WA Government based on the purchase price of your property. It is a sliding scale (ie the higher value the more you pay) however there are exemptions for first home buyers under certain price thresholds.

The government of Western Australia offers a full stamp duty exemption if you’re a first-time buyer and the house you want to buy is under $430,000. There is also a concession on stamp duty, for new home buyers of a property worth more than $430,000 but less than $530,000. For a full list of concessions and exemptions, you should check the WA government website. We recommend always checking to see if you qualify for a stamp duty concession.

 

Stamp Duty: REIWA Stamp Duty Calulators

 

Mortgage

Mortgage Repayments and Borrowing Calculators: Money Smart Calculators

 

Land Tax

Land tax is an annual tax on land not used as your principal place of residence. You will receive a notice of assessment for land you owned at midnight on 30 June.

Land Tax Calculator:  Office of State Revenue

 

Talk To Us To Find Out More

Want to talk about your next investment, property management services or need assistance with budgeting for your purchase and real estate ownership, we can provide rental appraisal and a guide to ongoing costs of owning property.  Click here to find out more about our dedicated property management services  or click here for a sales appraisal.

 

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