Off-the-plan Duty Rebate Scheme extended

News story
An extension has been announced to the Off-the-Plan Duty Rebate Scheme.
Building apartments

The off-the-plan duty rebate scheme aims to make home ownership more accessible to Western Australians and encourage employment in the construction industry by providing a rebate of duty paid on eligible apartment purchases.

Originally due to expire in October 2021, the scheme has been extended a further two years. This is part of a number of measures put in place by the McGowan Government to improve access to housing and stimulate the economy.

The scheme will now operate for pre-construction contracts entered into between 23 October 2019 and 24 October 2023.

The rebate amount is

  • for a pre-construction contract between 23 October 2019 and 23 October 2021 (inclusive) to purchase a new residential unit or apartment in a multi-tiered development - 75 per cent of the duty paid, capped at a maximum of $50,000
  • for a pre-construction contract between 24 October 2021 and 24 October 2023 (inclusive) to purchase a new residential unit or apartmentĀ in a multi-tiered development - 50 per cent of the duty paid, capped at a maximum of $50,000

Purchasers of eligible off-the-plan properties will be able to apply for a rebate of duty after the settlement of the property has occurred, provided the eligibility criteria are satisfied.

See the Minister's Media Statements:

See information about the Off-the-plan Duty Rebate Scheme

Page reviewed 9 September 2021