VIC stamp duty calculator

Stamp duty in Victoria, also known as land transfer duty, is a once-off tax paid upon purchasing a property.
Our calculator will help you calculate stamp duty on owner-occupied homes in Victoria, as well as any first home buyer concessions that may apply.
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If you're not sure if you count as a foreign owner, you can find the eligibility criteria listed in our FAQs.
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Results
Total government fees
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Stamp duty
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Stamp duty before concession
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First home concession
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Transfer fee
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Registration fee
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Foreign owner surcharge
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This calculator is only for primary places of residence, and assumes that relevant transfer duty rates apply. If you are buying an investment property, your stamp duty rates may differ. For foreign owners, there may also be other additional fees. Does not apply to vacant land.
Don't have enough for stamp duty and a 20% deposit?
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FAQs

What is the current stamp duty rate in Victoria?

Stamp duty in VIC is calculated on a sliding scale according to your property value.

For properties under $550,000, owner-occupied properties, also known as principal place of residence (PPR) properties, attract a different stamp duty rate.

For properties over $550,000, the general land transfer duty rates apply.

The table below shows the rates for owner-occupied properties, taking into account the PPR stamp duty rate.

Property value Stamp duty rate
$25,000 or less 1.4% of the dutiable value of the property
$25,000 to $130,000 $350 plus 2.4% of the dutiable value in excess of $25,000
$130,000 to $440,000 $2870 plus 5% of the dutiable value in excess of $130,000
$440,000 to $550,000 $18,370 plus 6% of the dutiable value in excess of $440,000
$550,000 to $960,000 $2,870 plus 6% of the dutiable value in excess of $130,000
$960,000 to $2,000,000 5.5% of the dutiable value
Over $2,000,000 $110,000 plus 6.5% of the dutiable value in excess of $2,000,000

The above will not apply for investment properties.

Are there other mandatory upfront fees for buying a house?

Yes, there are other upfront fees to consider when buying a home in Victoria. These may include mortgage registration fees, transfer fees, and title search fees. To find relevant fees for your state or territory, check out our deposit & upfront costs calculator.

Are there any discounts for first home buyers?

Yes, Victoria has a concession for first home buyers, which reduces the amount of stamp duty payable on homes costing less than $750,000. Under $600,000, the home is fully exempt from stamp duty. It applies to both existing and new homes.

It is calculated on a sliding scale, based on the property value.

The eligibility criteria are:

  • You or your partner must not have already received the First Home Owner's Grant
  • You and your partner must not have owned any other property in Australia, whether jointly or separately, prior to 1 July 2000
  • You and your partner must not have lived in a home in Australia that either of you owned or part owned on or after 1 July 2000, for a period of at least six months.
  • You or another applicant must fulfil the primary place of residence requirements
  • You must be at least 18
  • At least one purchaser must be an Australian citizen or permanent resident, or a New Zealand citizen under a special category visa
  • At least one purchaser must fulfil the residency requirement

Even if your partner is not applying with you, if they fail any of these criteria, you are no longer eligible.

This is not to be confused with the First Home Owner Grant, which is a separate program for new homes.

Foreign owners can only claim this concession if purchasing with a partner who is an Australian citizen or permanent resident, or a New Zealand citizen with a special category visa. If the home is under $600,000, they are also exempt from the foreign purchaser additional duty. Otherwise, if the home is above $600,000, they still need to pay the additional duty.

Do I have to pay a surcharge as a foreign owner in VIC?

Yes, Victoria has a foreign purchaser stamp duty. This is in addition to standard stamp duty rates. Surcharge purchaser duty is calculated as 8% of the property value.

You are not considered a foreign owner if you are any of the following:

  • an Australian citizen
  • a permanent resident
  • a New Zealand citizen with a special category visa.

If you are a foreign owner, please note that you may be subject to other costs, in addition to this stamp duty surcharge.

What about transfer fees?

In Victoria, you may also be required to pay a transfer fee. This is not the same as stamp duty, but is also calculated according to your property value, and capped at $3,603. Please see our deposits and upfront costs calculator.

What is a principal place of residence?

Your property is your principal place of residence (PPR) if you intend to move in within 12 months of settlement, and live there as your primary home for one year.

If you are buying property with someone else, at least one of you must be living there as your primary home for the one year period.

Disclaimer: Important information about our calculators

OwnHome Services Pty Ltd ACN 664 492 059. The calculator on this website is provided for your information only and is to illustrate scenarios. The calculator results are intended as a guide only and are an estimate or approximate guide only, based on the information you input. The calculator should not be relied upon for the purposes of entering into any legal or financial commitments.

The results should not be taken as a substitute for professional advice, and do not constitute professional advice. You should consider seeking independent legal, financial, taxation or other advice for your unique circumstances.

All reasonable care has been taken in preparing and designing the calculator; however, OwnHome Services Pty Ltd provides no warranties and makes no representation that the information provided by the calculator is correct, appropriate for your particular circumstances, or indicates you should follow a particular course of action. Calculations are for buying owner-occupied homes, and do not apply to land nor to investment properties. Other fees and charges may also apply.

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