How long does it currently take to build a house in Perth?

Build timelines typically range from 12 to 24 months from the first slab laid. It should be noted that delays caused by adverse weather conditions, material shortages, or builder availability can further extend this timeframe.

Is buying a house always more expensive with stamp duty?

The majority of the time, yes. This is because stamp duty is calculated on both the land and house value. However, first home buyers may be eligible for the First Home Owner Grant (FHOG), which reduces or eliminates stamp duty for properties under specific thresholds. If you’re not a first-home buyer, purchasing a house will usually incur a higher stamp duty.

How do interest rates affect whether it’s better to build or buy?

Higher interest rates impact both options, but construction loans often come with more stringent conditions and require interest-only repayments during the construction period. Buying an established home can offer more immediate certainty of the rate.