Following on from our recent article, tadalafilWA State Budget Wrap – From A Property Perspective’, we thought our readers may benefit from knowing exactly how much extra stamp duty will be payable by first home owners after the changes come in from 1 July.  Properties purchased for between $430,000 and $600,000 are the ones that will be impacted.  We’re taking particular care to alert our clients as this is a price range in which many properties in our Belmont area are currently selling for.

To illustrate the potential impact, a property purchased for $500,000 by a first home owner will cost $13,433 more in additional stamp duty if purchased after 30 June!

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If you’ve got any queries about the potential purchasing of property in the coming months, get in touch with our friendly team.  We’re keen to help.

*Disclaimer: The above information is to be taken as general advice only and is not to be relied upon in making investment decisions.  WELSH Real Estate strongly advise our readers to seek professional advice in relation to any tax and/or investment matter from a qualified adviser

 

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