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Stamp duty calculator (VIC)
Work out Victorian land transfer duty in seconds, including the first home buyer exemption up to $600,000 and the owner-occupier concession.
In short: In Victoria, first home buyers pay no stamp duty on a home worth up to $600,000, and a reduced amount up to $750,000. Otherwise, duty on a $700,000 property is $37,070 at general rates. Owner-occupiers also get a concession on homes from $130,000 to $550,000.
How it works
How Victorian stamp duty is worked out
Duty is charged on the dutiable value (usually the price) in brackets: 1.4% up to $25,000, then $350 + 2.4% to $130,000, $2,870 + 6% to $960,000, a flat 5.5% to $2 million, then $110,000 + 6.5% above that.
The first home buyer sweet spot
Here's what most people miss: between $600,000 and $750,000 the concession shrinks fast. At $605,000 you'd pay about $1,045; at $700,000 about $24,713; above $750,000 the full $37,000+. A few thousand dollars on the price can mean tens of thousands in duty.
FAQ
Common questions
How much is stamp duty in Victoria?
It depends on the price and who's buying. At general rates, a $700,000 property attracts $37,070. First home buyers pay nothing up to $600,000 and a reduced amount up to $750,000.
Do first home buyers pay stamp duty in Victoria?
Not on a home worth $600,000 or less, if you'll live in it. Between $600,001 and $750,000 you get a concession that reduces as the price rises. Above $750,000 there's no first home buyer concession.
What is the principal place of residence concession?
If you'll live in the home and it's worth more than $130,000 but not more than $550,000, a lower rate applies. Above $550,000 the general rates apply to the whole price.
Do foreign purchasers pay extra?
Yes. Foreign purchasers pay an additional 8% of the dutiable value on residential property, on top of normal duty.
Is this the exact amount I'll pay?
It's an estimate using the State Revenue Office's published rates. Your conveyancer and the SRO calculator confirm the final figure, and other costs like the transfer registration fee are extra.
Home Loans & Property
Read before you decide
General information only. These calculators give estimates based on the figures you enter and published rates, and don't consider your objectives, financial situation or needs. They're not a quote, credit assessment or tax advice. Elephant Financial Pty Ltd trading as Elephant Advisory is an authorised credit representative (ACR 487962) of Yellow Brick Road Aggregation Pty Ltd, Australian Credit Licence 390261.
