Stamp duty in Victoria, also known as land transfer duty, is a government tax applied when you purchase a property. The amount you’re required to pay depends on several factors, including the property value, location, purpose of the purchase, and your buyer status (such as whether you’re a first home buyer or investor).
Our stamp duty calculator in Melbourne is specifically designed to provide you with accurate and up-to-date estimates for properties in Victoria. These tools are regularly updated with the latest information from the State Revenue Office Victoria, ensuring that the estimate you receive reflects the current victoria stamp duty rates and any applicable stamp duty fees victoria.
To accurately calculate your property stamp duty in victoria, our calculator requires the following information:
For example, if you are an investor purchasing a $700,000 home in Melbourne, the stamp duty melbourne you will be required to pay will likely be higher than that of a stamp duty calculator vic first home buyer purchasing their principal place of residence.
Similarly, if you are buying land stamp duty in victoria rates may differ. Our house stamp duty in victoria tool takes these variations into account, providing you with instant results to assist with your financial planning.
We also consider whether you intend to use the property as your principal place of residence, as this can influence the amount of duty payable. By inputting accurate details into our home stamp duty calculator vic, you will receive a reliable estimate of all state government charges relevant to your specific situation. For comprehensive assistance with your property purchase, consider engaging a conveyancer in Melbourne who can guide you through all the associated costs.
Note:
* Government grant — Are you receiving any government grants (e.g First Home Owners Grant)
** Miscellaneous cost — Adjustments of Rates, Conveyancing Fees, Searches, PEXA fees etc.
In Victoria, you might be eligible for various stamp duty concessions in vic or exemptions, depending on your individual circumstances. These reductions can significantly decrease your initial property buying expenses, particularly for those entering the property market for the first time. Consulting with a best conveyancer in Melbourne can help you understand which of these might apply to you
Here’s a quick breakdown of what you might qualify for:
This concession is available to buyers who intend to live in the purchased property as their main home. You may qualify for a PPR concession if the property’s value is up to $550,000, even if you are not a first home buyer. Expert Melbourne property conveyancing services by Eagle Peak Conveyancing can help you determine if you meet the criteria.
If you’re buying an off-the-plan property, you may only pay duty on the land component, not the completed value—resulting in significant savings.
If you are classified as a foreign purchaser, an additional duty, currently at 8%, may be applicable on top of the standard vic stamp duty rates.
All of these factors are built into our stamp duty calculator in Vic, which will show you if you qualify for any concessions or exemptions. This gives you a clearer picture of your total property buying costs.
Speak to our Melbourne conveyancers for clear guidance on what applies to your purchase.
Stamp duty is a tax levied by state governments on the transfer of property or land. In Victoria, it’s based on the property’s value, location, and your buyer status. It’s a required payment when completing most property purchases.
Our stamp duty calculator in Victoria helps you understand the total costs involved in buying a home. It provides an instant estimate based on your input, factoring in government charges, potential concessions, and exemptions. It’s especially useful if you’re budgeting for property in Melbourne or elsewhere in Victoria.
Yes. Aside from stamp duty, buyers may incur:
It’s essential to factor these additional costs into your overall budget. Consulting with a conveyancer in Melbourne can provide a clearer picture of all the financial aspects involved.
Stamp duty is typically due within 30 days of settlement. Delays in payment may attract penalties, so it’s important to budget and plan accordingly.
Yes, our calculator covers all Australian states and territories, including Victoria. Just select the correct location, and you’ll get an accurate estimate based on that state’s rules.
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.
