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.
Stamp duty in VIC is calculated on a sliding scale according to your property value. New caps were introduced in 2024.
For properties under $600,000, owner-occupied properties, also known as principal place of residence (PPR) properties, attract a different stamp duty rate.
For properties between $600,000 and $750,000, a sliding concessional rate of stamp duty applies.
For properties over $750,000, the general stamp duty rates apply.
The table below shows the rates for owner-occupied properties, taking into account the PPR stamp duty rate.
The above will not apply for investment properties.
Yes, there are other upfront fees to consider when buying a home in Victoria. Other government fees may include mortgage registration fees and transfer fees, as shown in the calculator.
Other upfront fees may be needed, but are not mandated by the government, such as conveyancing or building & pest reports.
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:
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.
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:
If you are a foreign owner, please note that you may be subject to other costs, in addition to this stamp duty surcharge.
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 $3,607.
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.
