Victoria Stamp Duty $5M β€” First Home Buyer | $305,000

A first home buyer purchasing a $5M property in Victoria pays $305,000 in stamp duty.

Stamp Duty Payable

$305,000

on a $5M property in VIC

Buyer & Property Information

Stamp Duty Calculation

$305,000

Total Costs

$307,500

$22,712/Month

Stamp Duty Calculation

I Am a,, For the Purpose of

Buying a Property in State With a Price of $

VIC Base Stamp Duty Calculation:

Property Price: $5,000,000
Bracket 5 (>$2,000,000): $110,000 + ($3,000,000 Γ— 6.5%)
= $305,000

First Home Buyer Stamp Duty Policy (VIC):

Exceeds first home buyer threshold, full stamp duty applies = $305,000

Upfront Cost Breakdown

Total Upfront Costs

Stamp Duty$305,000
Conveyancing / Legal Fees (est.)$2,500
Total Upfront Costs$307,500

Conveyancing fee is an estimate only (typically $800–$2,500). Actual fees vary by conveyancer/solicitor and state.

Stamp Duty Comparison by State

Loan Calculation

Deposit Ratio: %
Loan Term: Years
Interest Rate: %
Deposit Amount$1,000,000
Loan Amount$4,000,000

Mortgage Calculation (Principal & Interest)

Loan Amount$4,000,000
Loan Term30 Years
Interest Rate5.5%
Loan Type:
Monthly Repayment$22,712
= Monthly Payment = Loan Amount Γ— (Monthly Rate Γ— (1 + Monthly Rate)^Terms) Γ· ((1 + Monthly Rate)^Terms - 1)
= $4,000,000 Γ— (Monthly Rate: 0.004583 Γ— (1 + 0.004583)^Total Months: 360) Γ· ((1 + 0.004583)^360 - 1)
= $22,712
Total Repayment$8,176,162
Total Interest$4,176,162

Compare with Lenders

Rates as of 2026-07-15
LenderRateMonthlyDiff
Westpac5.99%$23,956+1,245
ING5.99%$23,956+1,245
Commonwealth Bank6.09%$24,214+1,502
Macquarie Bank6.09%$24,214+1,502
UBank6.09%$24,214+1,502
Bendigo Bank6.14%$24,343+1,632
Bank of Queensland6.14%$24,343+1,632
ANZ6.39%$24,994+2,282
NAB6.44%$25,125+2,414
Suncorp6.54%$25,388+2,676
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Mortgage Cashflow Over Time

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Cost Breakdown

ItemAmount
Property Price$5,000,000
Base Stamp Duty$305,000
Stamp Duty Payable$305,000

Frequently Asked Questions

How much stamp duty do I pay on a $5M property in Victoria?β–Ύ
A first home buyer purchasing a $5M property in Victoria pays $305,000 in stamp duty.
Are there stamp duty concessions for first home buyers in Victoria?β–Ύ
Yes. Victoria offers first home buyer relief β€” exempt up to $600k with partial relief up to $750k.
When is stamp duty due in Victoria?β–Ύ
In Victoria, stamp duty (transfer duty) is generally due within 3 months of signing the contract, or on settlement β€” whichever is earlier.
What is the stamp duty rate in Victoria?β–Ύ
Victoria uses a progressive bracket system. The exact rate depends on the purchase price β€” for a $5M purchase as a first home buyer, the effective rate is approximately 6.10%.

Compare Buyer Types β€” $5M in VIC

Owner Occupier$305,000Investor$305,000Foreign Buyer$705,000

Stamp Duty at Other Prices β€” VIC First Home Buyer

$300k$0$500k$0$750k$40,070$900k$49,070$1M$55,000$1.25M$68,750$1.5M$82,500$2M$110,000$3M$175,000

Need a Custom Calculation?

Use our full Victoria stamp duty calculator for exact amounts with your specific property details.

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Victoria Stamp Duty $5M β€” First Home Buyer | $305,000