Complete Guide to VIC Stamp Duty (2026)
In Victoria, stamp duty is officially called land transfer duty. It is administered by the State Revenue Office (SRO) and is payable on the purchase of all types of property β residential, commercial, and rural. Use our VIC stamp duty calculator to estimate your costs instantly.
How VIC Stamp Duty Is Calculated
Land transfer duty in Victoria is calculated on the dutiable value of the property, which is the greater of the purchase price or market value. Victoria uses a tiered rate structure similar to other states.
Current VIC Land Transfer Duty Rates (2024β25)
| Property Value | Rate |
|---|---|
| $0 β $25,000 | 1.4% of dutiable value |
| $25,001 β $130,000 | $350 + 2.4% of amount over $25,000 |
| $130,001 β $960,000 | $2,870 + 6.0% of amount over $130,000 |
| $960,001 β $2,000,000 | $52,670 + 5.5% of amount over $960,000 |
| Over $2,000,000 | $110,000 + 6.5% of amount over $2,000,000 |
A premium rate of 5.5% applies to properties valued above $960,000. For properties above $2M, the rate increases to 6.5%. Note that these are the general rates β concession rates may apply. Check the SRO website for the latest rates.
First Home Buyer Exemptions & Concessions
Victoria provides substantial stamp duty relief for eligible first home buyers:
- Full exemption: No stamp duty on properties valued up to $600,000
- Concession (sliding scale): Reduced duty on properties valued between $600,001 and $750,000
Eligibility requirements include: Australian citizen or permanent resident, aged 18+, never previously owned property in Australia, property must be your principal place of residence (you must live there for at least 12 continuous months within the first year of settlement).
First Home Owner Grant (FHOG)
In addition to the stamp duty exemption, Victoria offers a $10,000 First Home Owner Grant for new homes valued up to $750,000. This applies to newly built homes, apartments, or homes purchased off the plan β not established (existing) homes. See our complete first home buyer guide.
Principal Place of Residence (PPR) Concession
Even if you're not a first home buyer, you may qualify for the PPR concession when buying a home you intend to live in. This provides a reduced rate of duty for properties valued up to $550,000, with a sliding concession up to $750,000.
Foreign Purchaser Additional Duty (FPAD)
Foreign purchasers of residential property in Victoria pay an additional 8% surcharge on top of the standard duty. This is one of the highest foreign buyer surcharges in Australia. For full details, see our foreign buyer surcharge guide.
Off-the-Plan Concessions
Victoria offers an off-the-plan duty concession that reduces the dutiable value to reflect the unfinished state of the property at the contract date. For apartments and townhouses, a temporary concession may further reduce the duty payable. This can result in significant savings on brand-new properties.
Windfall Gains Tax
From 1 July 2023, Victoria introduced the Windfall Gains Tax (WGT), which applies when government rezoning decisions increase the value of land by more than $100,000. The WGT is separate from stamp duty but is an important consideration for property developers and investors in Victoria.
When Is Stamp Duty Due in Victoria?
Land transfer duty must be paid within 30 days of settlement (property transfer) β or within 30 days of becoming liable if there is no settlement. This is a shorter window than NSW (3 months), so Victorian buyers need to plan accordingly.
Tips to Minimise VIC Stamp Duty
- First home buyers should prioritise properties under $600,000 to receive a full exemption.
- Consider new builds β they qualify for both the stamp duty exemption and the FHOG ($10,000).
- If buying off the plan, request a duty estimate based on the construction-stage value.
- Budget for duty early β use our VIC calculator to get an accurate estimate.
Frequently Asked Questions
How much is stamp duty on a $800,000 property in VIC?
For a standard purchase at $800,000, stamp duty in Victoria is approximately $43,070. First home buyers are not eligible for concessions at this price. Use our calculator for precise figures.
Do first home buyers pay stamp duty in VIC?
No β first home buyers pay zero stamp duty on properties up to $600,000 in Victoria. For properties between $600,001 and $750,000, a sliding concession applies.
How long do I have to pay stamp duty in VIC?
You must pay within 30 days of settlement or the transfer of property. Late payments attract penalty interest and may incur additional penalties.
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