Stamp Duty Calculator
Land Transfer Duty is also called Stamp Duty in Victoria.
The state government imposes an upfront fee when buying or acquiring property in Victoria.
To calculate stamp duty in Victoria, the property’s value on the open market, or the purchase price of the property is used (whichever is greater).
Stamp duty in Victoria is calculated on a sliding scale. It starts at 1.4% if the property is valued at $25,000 and rises to 6.5% if the property is valued over $2,000,000.
| Dutiable value range | 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 Concessions & Exemptions in Victoria
First Home Owners Grant (FHOG)
If you are buying or building a new home valued up to $750,000, you may be eligible for a First Home Owner Grant of $10,000. This grant provides $10,000 to successful applicants but the home must not have been previously sold or lived in. The following link provides a questionnaire to see if you are eligible by clicking here
The FHOG is organised by your bank and usually comes in one lump sum and is paid directly into your PEXA workspace so that the funds cannot be used for something else.
First Home Buyer Duty Reduction (FHBDR) &
Principle Place of Residence (PPR) Concessions
These stamp duty exemptions and concessions are different to the First Home Owner Grant (FHOG) because the FHBDR & PPR provides a reduction in the amount of land transfer duty you pay whereas the FHOG is a payment that is paid to you via the PEXA workspace.
The FHBDR provides a one-off stamp duty exemption for properties with a dutiable value of up to $600,000, or a concession for a value from $600,001 to $750,000.
The PPR provides a slight stamp duty reduction for properties with a dutiable value of up to $550,000
The table below shows the result of these concession and exemptions:
Concession = Yellow
Exemption = Green
| Without PPR concession | With PPR concession | With PPR & FHBDR |
| 200,000 = 7,070 | 200,000 = 6,370 | 200,000 = 0 |
| 400,000 = 19,070 | 400,000 = 16,370 | 400,000 = 0 |
| 500,000 = 25,070 | 500,000 = 21,970 | 500,000 = 0 |
| 600,000 = 31,070 | 600,000 = 31,070 | 600,000 = 0 |
| 700,000 = 37,070 | 700,000 = 37,070 | 700,000 = 24,713 |
| 800,000 = 43,070 | 800,000 = 43,070 | 800,000 = 43,070 |
| 1,000,000 = 55,000 | 1,000,000 = 55,000 | 1,000,000 = 55,000 |
| 2,000,000 = 110,000 | 2,000,000 = 110,000 | 2,000,000 = 110,000 |
| 3,000,000 = 175,000 | 3,000,000 = 175,000 | 3,000,000 = 175,000 |
Other Duty Exemptions and Concessions
There are also other types of stamp duty exemptions, concessions, and reductions in Victoria.
These include:
- First Home Buyer Duty Reduction - A duty concession is available for first home buyers when you buy a property valued up to $750,000.
- Principal place of residence (PPR) concession - A duty concession for when a property you buy, valued up to $550,000, is intended as your primary home.
- First-home owner with family exemption/concession - A one-off duty exemption or concession for properties valued at $200,000 or less.
- New residential property within the City of Melbourne - There is 50% stamp duty concession or exemption if you buy a new residential property within this local government area with a dutiable value up to $1 million.
- Off the plan concession - If you buy an off-the-plan property either as a land and building package or as a refurbished lot, a duty concession is available.
- Young farmer’s exemption or concession - Is a one-off duty exemption or concession for young farmers buying who are buying their first farmland property.
- Transfer of the family farm - There is also a family farm transfer exemption.
- Deceased person - There is an exemption available on the transfer of land of a deceased person to a beneficiary.
- Transfers between partners and spouses - Which also includes an exemption for the breakdown of relationships.
- There are concessions available - If you’re buying a property in regional Victoria for industrial, commercial or extractive industries if you’ve entered a contract on or after 1 July 2019.
- Charities and friendly societies - Certain exemptions are available for these groups.
- Corporate consolidation concessional relief - May be available for agreements or arrangements entered on or after 1 July 2019.
- Corporate reconstruction concessional relief - May be available for agreements and arrangements entered on or after 1 July 2019.
Foreign Purchaser Additional Duty
If you are classed as a foreign purchaser and you acquire residential property in Victoria, as well as stamp duty, you may have to pay foreign purchaser additional duty on the share of the property you acquired. From the 1st of July 2019, the additional duty rate is 8%.
Pensioner Stamp Duty Concessions
The Victorian State budget 2023-24 announced a number of changes to stamp duty and land tax that effect Pensioner Card Holders.
- If you signed a contract to buy your home before 1 July 2023, these rules apply
- If you signed a contract to buy your home on or after 1 July 2023, these rules apply
Now (for contracts signed after 1 July 2023) you may receive:
- An exemption from duty — when you buy a home valued at $600,000 or less, or
- A concession from duty — when you buy a home valued from $600,001 to $750,000.
The main change of the new rules is that the stamp duty exemption cut off has been increased from $330,000 to $600,000, but the thresholds for the pensioner and concession card duty reduction apply to the total value of the home. This means that if you buy a share in the home the thresholds are assessed against the total value of the home, not the value of any share you buy.
Am I eligible for the duty reduction?
You could be eligible if you:
- Hold one of the approved concession cards
- Bought an established home, home off the plan home, or house and land package
- The property will be your principal place of residence
- You have not previously claimed the pensioner duty exemption or concession before 1 July 2023
See below for the SRO stamp duty calculator
Transfer of Land Fees Calculator
Land transfer fees are the fees imposed by the Land titles office for the registration of title transfers and are payable by the purchaser of a property. This cost is not paid separately and included in the statement of adjustments.