Stamp duty calculator VIC
When you buy property in Victoria you pay land transfer duty, usually called stamp duty, to the State Revenue Office (SRO).
Enter the value and tell us if it will be your home. Buyers of a home up to $550,000 get a concession, and first home buyers pay no duty up to $600,000.
How it's calculated
- The general rates go from 1.4% on the first $25,000 to 6% on the part between $130,000 and $960,000.
- Between $960,000 and $2,000,000 the duty is 5.5% of the whole value. Above $2,000,000 a premium rate of 6.5% applies to the part over $2,000,000.
- If you will live in the property and it is worth up to $550,000, the principal place of residence concession lowers the rate above $130,000.
An example
An apartment bought for $400,000 to live in pays $16,370 instead of $19,070, a saving of $2,700.
Frequently asked questions
Who can get the principal place of residence concession?
Anyone buying a property valued up to $550,000 who moves in within 12 months of settlement and lives there for 12 straight months. It is not only for first home buyers.
Does the concession apply to vacant land?
It can, when you buy vacant land to build your home and the land is worth up to $550,000. The building contract is not included in the value.
What if I buy with someone else?
At least one of the buyers has to live in the property as their home. It does not have to be the same buyer for the whole 12 months.
Key terms
- Land transfer duty
- The Victorian tax on buying land or property, commonly called stamp duty.
- Principal place of residence
- The home you live in.
- SRO
- State Revenue Office Victoria, which collects the duty.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
- State Revenue Office VictoriaLand transfer duty: non-principal place of residence (current rates)
- State Revenue Office VictoriaPrincipal place of residence duty concession