Victoria
Stamp Duty - Non Principal place of Residence Rate
For the purchase of any other property (i.e. not Principal place of residence).
Dutiable Value |
Duty Threshold |
$0 - $25,000 |
1.4 per cent of the dutiable value of the property |
> $25,000 - $130,000 |
$350 plus 2.4 per cent of the dutiable value in excess
of $25,000 |
> $130,000 - $960,000 |
$2,870 plus 6 per cent of the dutiable value in excess
of $130,000 |
More than $960,000 |
5.5 per cent of the dutiable value |
Premium Stamp Duty:
From 1 July 2021, the duty payable increase to $110,000 plus 6.5% of the dutiable value of more than $2 million.
Stamp Duty - Foreign Purchaser:
The foreigner buyer duty surcharge is 8%.
Stamp Duty - Principal Place of Residence (PPR) Rate
For the purchase of a home (which will be used as Principal place of residence) for contracts entered into on or after 6 May 2008.
Dutiable Value |
Duty Threshold |
$0 - $130,000 |
The Principal place of residence (PPR) concessional rate
does not apply. |
> $130,000 - $440,000 |
$2,870 plus 5 per cent of the dutiable value in excess of $130,000 |
> $440,000 - $550,000 |
$18,370 plus 6 per cent of the dutiable value in excess of $440,000 |
More than $550,000 |
The Principal place of residence (PPR) concessional rate
does not apply. |
Stamp Duty - First Home Buyer Concession
VIC abolishes stamp duty for both new and existing properties under $600,000. First home buyers purchasing a property between $600,000 and $750,000 also receive a tapered discount.
If a first home buyer purchases vacant land to build a new home to be their principal place of residence, the home must be built within 12 months for the FHB concessions to apply (choose "Yes" for the Option "Are you first home buyer"). If the buyer takes more than 12 months to build the home, they are not eligible for the First Home Buyer Concession (choose "No" for the Option "Are you first home buyer").
Pensioner Exemption Concession An exemption if a home valued at $600,000 or less, or a concession if a home valued from $600,001 to $750,000.
Mortgage Registration Fee 2023 - 2024:
(a) Paper Transaction: $128.50 (b) Electronic Transaction: $118.90
Land Transfer Fee:
(a) Paper Transaction Fee: the sum of $105.70 plus $2.34 for every whole consideration, the maximum fee is $3,616.00
(b) Electronic Transaction Fee: the sum of $96.00 plus $2.34 for every whole consideration, the maximum fee is $3,607.00
First Home Owner Grant: $10,000 if property valued up to $750,000.