Victoria Stamp Duty

In Victoria, you must pay land transfer duty (previously known as stamp duty) on the transfer of land from one individual to another. The amount of duty depends on the value of your property, how you use it, if you are a foreign purchaser, and if you are eligible for any exemptions or concessions. 

How Stamp Duty is calculated in Victoria

Stamp duty calculation for Principal Place of Residence:

Dutiable value range Duty Rate 
$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 calculation for Non-Principal Place of Residence:

Dutiable value range Duty Rate 
$0 – $25,000 1.4% of the dutiable value of the property 
> $25,000 – $130,000 $350 plus 2.4% of the dutiable value in excess of $25,000 
> $130,000 – $960,000 $2870 plus 6% of the dutiable value in excess of $130,000 
>$960,000 – $2,000,000 5.5% of the dutiable value 
More than $2,000,000 $110,000 plus 6.5% of the dutiable value in excess of $2,000,000 

Stamp Duty Exemption in Victoria 

  • New residential properties within the City of Melbourne with a dutiable value up to $1 million are eligible for a 50% stamp duty concession or exemption. 
  • Transfers between partners and spouses, including those resulting from relationship breakdowns, are exempt from stamp duty. 
  • Transfers of the family farm also qualify for a stamp duty exemption. 
  • First-home buyers can benefit from stamp duty exemptions and concessions. 

Stamp Duty Exemption in Victoria for First Home Buyer 

There are exemptions and concessions on stamp duty available for first-home buyers in Victoria. These benefits are subject to certain conditions. 

To qualify for the exemptions and concessions, you need to fulfil the following requirements:

  1. The contract of sale for your first home must be signed on or after 1 July 2017. 
  1. If the value of the property is $600,000 or less, you will be completely exempt from paying stamp duty. 
  1. If the value of the property falls between $600,001 and $750,000, you may be eligible for stamp duty concessions. 
  1. It is necessary to meet the eligibility criteria for the First Home Owners Grant. However, unlike the grant, stamp duty exemptions or concessions are applicable to both new and established homes. 
  1. You must reside in the property continuously for a period of 12 months starting from the settlement. 

How much is the stamp duty concession available for first-home buyers in Victoria? 

The stamp duty concession amount varies based on the value of the property and operates on a sliding scale. The closer the property value is to $605,000, the more significant the savings on stamp duty concessions. Here are some examples of stamp duty amounts before and after the concession for different property values: 

Property value ($) Stamp duty before concession ($) Stamp duty after concession ($) 
605,000 31,370 1,045 
625,000 32,570 5,428 
650,000 34,070 11,356 
675,000 35,570 17,785 
700,000 37,070 24,713 
725,000 38,570 32,141 
745,000 39,770 38,444 
Melbourne City Skyline

Understanding Stamp Duty in different states in Australia 

QLD Stamp Duty

NSW Stamp Duty



The content of MNY Group Chartered Accountants' website - is original. Please do not copy, modify, distribute, republish, share, display or demonstrate all or part of the information and materials on this website without our written consent. The contents and materials on the website are only for reference and are not official financial advice or suggestions. According to the different situations of each individual/entity, please consult a professional accountant. Liability limited by a scheme approved under Professional Standards Legislation.
MNY Group Perth Pty Ltd as trustee for LHL Trust is an independent firm that operates in Perth under the same trading name.