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Western Australia remains one of the most affordable capital city markets in Australia, with a Perth median house price of approximately $720,000 and a statewide median of around $600,000. After a decade of flat or declining prices following the mining boom, WA prices have surged
No. Western Australia's $10,000 FHOG has no property price cap - any new home qualifies regardless of value. This is unique among the larger states and means even expensive new builds in Perth qualify.
WA's $430,000 stamp duty exemption threshold hasn't kept pace with rising property prices. It was set when Perth medians were lower. While the FHOG has no cap, the stamp duty concession is essentially unavailable for most Perth houses. Units and outer-suburban properties may still qualify.
Relative to the east coast, yes. Perth's median of $720,000 is well below Sydney ($1.47M) and Melbourne ($1.03M). Outer Perth suburbs and regional WA towns offer properties under $500,000, which is within the stamp duty concession and FHG thresholds.
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