Eligible first home buyers may be able to receive a grant towards the purchase of a new home.
First home buyers purchasing an established home are not eligible for a grant, however they may be eligible for a concessional rate of transfer duty.
For further information on the First Home Owners Grant visit the Department of Finance website.
From 1 January 2010, in Western Australia, there will be a cap on the total value of buying or building a home for which the first home owner grant will be payable.
The cap limits the total value of properties (i.e. total value of home and land) to $750,000 or less, or if the home is located North of the 26th parallel to $1,000,000 or less. For more information on the cap visit the Department of Finance website.