Why Perth Buyers Are Moving on Off the Plan Right Now

Perth's property market has moved fast over the past three years. And while the pace of growth has eased in recent months, the fundamentals driving demand remain firmly in place.

For buyers considering Perth, off-the-plan purchasing has become an increasingly relevant option, partly because of what the market looks like right now, and partly because of a government incentive that expires very soon.

Why Off the Plan Makes Sense in Perth Right Now

Buying off the plan means securing a property before or during construction, with settlement occurring when the build is complete, typically 12 to 24 months later.

In Perth's current market, that timing advantage is meaningful.

Median house prices have risen sharply, and while growth has moderated, supply remains constrained. Building approvals are not keeping pace with population growth. The development pipeline is limited by construction costs and labour availability. Buyers who secure off-the-plan properties now are locking in today's price in a market where the structural forces supporting values have not materially changed.

For buyers who have been sitting on the sidelines waiting for conditions to improve, the risk of waiting is that well-located stock disappears and new supply at accessible price points becomes harder to find.

One Oval | Subiaco WA | $10K deposit | Secure with $10k and $679 x 174 weeks

The Stamp Duty Concession That Expires This Month

This is time-sensitive and worth understanding before anything else.

The WA Government's Off-the-Plan Duty Rebate Scheme currently offers eligible buyers a significant concession on stamp duty when purchasing certain new homes off the plan.

For multi-tiered strata schemes, the concession applies to contracts signed on or before 30 June 2026. For properties valued at $750,000 or less signed before construction begins, eligible buyers can receive a 100% stamp duty concession.

On a $700,000 apartment, stamp duty in WA would ordinarily be around $26,000. A 100% concession eliminates that cost entirely.

This scheme ends this month. Buyers who are close to ready to purchase an off-the-plan apartment in Perth have a very narrow window to access this concession. It can also be combined with the WA First Home Owner Grant of $10,000 for eligible first home buyers, creating a meaningful combined saving on entry costs.

What Buying Off the Plan in Perth Actually Involves

The process of buying off the plan is broadly the same across Australian states, but there are Perth-specific considerations worth understanding.

Contracts and sunset clauses. Off-the-plan contracts include a sunset clause, which sets a deadline for the development to complete. If the developer cannot deliver by that date, both parties may have the right to rescind. Understanding the sunset date and what triggers it is important due diligence before signing.

Deposit structure. Standard off-the-plan contracts in WA typically require a 10% deposit at exchange, with the balance payable at settlement. Through Coposit, eligible developments can be secured with $10,000 upfront, with the remaining deposit spread in weekly instalments during the construction period, removing the need to have the full deposit available at signing.

Finance at settlement. Your finance is formally approved at settlement, not at signing. That means your borrowing capacity at the time of settlement is what matters. Buyers should consider how their financial position and the lending environment may evolve between signing and settling, and whether they have contingency if conditions change.

Developer track record. Perth's development market has a mix of experienced and newer operators. Researching the developer's previous projects, their financial position, and their history of delivering on time and to specification is essential before committing to any off-the-plan purchase.

Harlyn | Jindalee WA | $10K deposit | Secure with $10k and $518 x 70 weeks

Perth Suburbs Where Off-the-Plan Activity Is Growing

Perth's off-the-plan market is concentrated in specific corridors and precincts where population growth, infrastructure investment, and lifestyle appeal are combining to drive developer activity.

South Perth and the Swan River corridor has seen significant new apartment development in recent years. The precinct offers riverfront lifestyle, proximity to the CBD via ferry and bus, and a growing range of dining and retail amenity. It is one of the more sought-after addresses for downsizers and professionals in Perth's inner ring.

North Fremantle and Fremantle continue attracting buyers who want coastal lifestyle with urban convenience. New developments in this corridor are targeting owner-occupiers who want high-quality finishes and a walkable, community-oriented environment.

Mount Lawley and inner north suburbs offer proximity to the CBD with established character and amenity. New apartment developments here are targeting professionals and downsizers who want to stay connected to the city while reducing their housing footprint.

Outer growth corridors including suburbs in Perth's northern and southern growth areas continue attracting families and first home buyers seeking new house and land at accessible price points.

Evergreen | Como WA | $10K deposit | Secure with $10k and $6,929 x 14 weeks

Exploring Perth Developments Through Coposit

Coposit currently lists eligible off-the-plan developments in Western Australia. Securing a Perth property through Coposit means getting in with $10,000 upfront and spreading the remaining deposit in weekly instalments while the development progresses.

For buyers who want to take advantage of the stamp duty concession before it expires, acting quickly is essential.

Browse eligible Perth and WA developments through the Coposit here.

If you want to understand how the deposit structure works or which developments are currently eligible, the Coposit team is happy to help.

Coposit helps buyers get into new developments sooner by spreading the deposit over time. To explore eligible properties or learn how it works, download our app or contact our team.