Stamp Duty VIC — Rates, Calculator and Concessions (2026)
Victoria calls stamp duty “land transfer duty.” Victoria has the highest stamp duty rates of the major Australian states — approximately $31,070 on a $600,000 purchase and $43,070 on an $800,000 purchase at the standard rate. However, first home buyers receive a full exemption up to $600,000 and a partial concession up to $750,000.
VIC Land Transfer Duty Rates (2026)
| Property Value | Duty Calculation |
|---|---|
| $0–$25,000 | 1.4% |
| $25,001–$130,000 | $350 + 2.4% over $25,000 |
| $130,001–$960,000 | $2,870 + 6.0% over $130,000 |
| $960,001–$2,000,000 | $52,670 + 6.0% over $960,000 |
| $2,000,001+ | Premium duty rate applies |
VIC duty rates are among the highest in Australia. Verify with the State Revenue Office VIC (sro.vic.gov.au) for current rates.
VIC Stamp Duty at Key Price Points
| Purchase Price | Land Transfer Duty (Standard) |
|---|---|
| $400,000 | ~$16,070 |
| $500,000 | ~$21,970 |
| $600,000 | ~$31,070 |
| $700,000 | ~$37,070 |
| $800,000 | ~$43,070 |
| $900,000 | ~$49,070 |
| $1,000,000 | ~$55,000 |
| $1,200,000 | ~$67,000 |
| $1,500,000 | ~$85,000 |
How to Calculate VIC Land Transfer Duty — Worked Example
Purchase price: $750,000
Step 1: Bracket is $130,001–$960,000 Step 2: $2,870 + 6.0% × ($750,000 − $130,000) = $2,870 + 6.0% × $620,000 = $2,870 + $37,200 = $40,070
Verify at the State Revenue Office VIC calculator: sro.vic.gov.au
VIC First Home Buyer Land Transfer Duty Concessions
Full exemption: Zero duty on purchases up to $600,000 for eligible first home buyers.
Partial concession: Sliding-scale reduction for purchases $600,001–$750,000.
The concession is calculated as: duty payable × (1 − [(purchase price − $600,000) / $150,000])
| Purchase Price | FHB Duty | Standard Duty | FHB Saving |
|---|---|---|---|
| $400,000 | $0 | $16,070 | $16,070 |
| $500,000 | $0 | $21,970 | $21,970 |
| $600,000 | $0 | $31,070 | $31,070 |
| $625,000 | ~$5,280 | ~$32,570 | ~$27,290 |
| $650,000 | ~$10,580 | ~$34,070 | ~$23,490 |
| $700,000 | ~$21,170 | ~$37,070 | ~$15,900 |
| $750,000 | Full duty (~$40,070) | ~$40,070 | $0 |
Above $750,000: Full standard duty applies — no first home buyer concession.
Eligibility conditions:
- Australian citizen or permanent resident
- Never owned residential property in Australia (or relevant interest)
- Must occupy within 12 months and live there for at least 12 continuous months
- Applies to new and established homes
VIC Additional Duty — Off-the-Plan
For off-the-plan purchases in Victoria, duty may be calculated on the contract price minus the estimated construction value — reducing the dutiable value significantly.
Example: $600,000 off-the-plan apartment; construction value at contract: $250,000
- Dutiable value: $600,000 − $250,000 = $350,000
- Duty on $350,000 (standard): ~$14,870
- vs duty on $600,000 (standard): ~$31,070
- Saving: ~$16,200 (this is in addition to FHB concession if eligible)
Off-the-plan reductions are subject to the contract terms, completion dates and SRO VIC assessment.
Foreign Purchaser Additional Duty — VIC
Foreign persons purchasing residential property in VIC pay:
- Additional duty: 8% of the purchase price, on top of standard land transfer duty
- This applies to all VIC residential purchases by foreign persons
Example: Foreign purchaser, $700,000 property:
- Standard duty: ~$37,070
- Foreign purchaser duty: 8% × $700,000 = $56,000
- Total: ~$93,070
Permanent residents are not subject to the foreign purchaser duty.
Land Transfer Duty vs Landholder Duty — VIC
For purchases of property held through a company or trust (rather than direct title transfer), landholder duty may apply instead of transfer duty. Landholder duty is relevant for commercial property and some residential property held in corporate structures. This is a specialised area requiring legal advice.
When Is VIC Land Transfer Duty Due?
- Private treaty (standard): Must be lodged and paid within 3 months of the dutiable transaction (contract date)
- Off-the-plan: May be deferred until completion (up to 12 months from the dutiable transaction in some cases)
- Electronic settlement: Duty is paid at settlement via the PEXA electronic lodgement system
How to Claim the First Home Buyer Concession — VIC
- Your solicitor or conveyancer prepares the transfer of land documentation
- A first home buyer declaration form is completed — you declare eligibility
- The SRO VIC applies the concession or exemption automatically
- SRO VIC may conduct post-settlement audits — false declarations attract penalties
VIC Stamp Duty — Frequently Asked Questions
What is the stamp duty on a $600,000 home in Victoria? At $600,000, the standard rate is approximately $31,070. For an eligible first home buyer, the duty is zero — the full exemption applies to purchases up to $600,000.
Is Victoria stamp duty higher than NSW? Yes — Victoria’s rates are higher than NSW at equivalent price points. A $700,000 property attracts ~$37,070 in VIC vs ~$26,990 in NSW (standard rates).
Does the VIC first home buyer exemption apply to apartments? Yes — the VIC first home buyer duty exemption applies to any residential property (house, apartment, townhouse, unit) up to $600,000, as long as you intend to occupy it.
When did Victoria last change its stamp duty rates? VIC duty rates are reviewed periodically. Check sro.vic.gov.au for the most current rate schedule.
Related Guides
- Stamp Duty Calculator Australia
- Stamp Duty Australia — All States
- First Home Buyer Guide VIC
- How to Reduce Stamp Duty
- Land Tax VIC
- Stamp Duty Hub
This article provides general information about Victoria land transfer duty. Rates, thresholds and concession conditions are set by the Victorian government and change regularly. Always verify with the State Revenue Office VIC (sro.vic.gov.au) or your solicitor before purchasing. For advice tailored to your situation, speak with a licensed mortgage broker or financial adviser. Find one through MoneySmart.