Friday, February 6, 2009

WA First Homebuyers Get More

An article from WA Business News said that WA first homebuyers get more than their Eastern States counterparts.

"Victorians receive $17,000, however after state stamp duty and other fees, net assistance is slashed back to just $5,992. This represents about 2.2 per cent of the average property value of $275,000.By contrast, WA first home buyers receive about $14,000 in grants but because there is also a $2,000 first home buyers assistance account, the net assistance balloons to $15,740. In WA this is 5.4 per cent of the average property value of $290,000 (bearing in mind this is falling)..."

We also get exemption from stamp duty for properties under $500k.

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