Stamp Duty

Stamp Duty Rates for Contracts Entered Into, on or After 6th May, 2008

Principal Place of Residence

Dutiable Value Range Rate
$0 – $25,000 1.4% of the value of the property
$25,000 – $130,000 $350 plus 2.4% of the value in excess of $25,000
$130,000 – $440,000 $2870 plus 5% of the value in excess of $130,000
$440,000 – $550,000 $18,370 plus 6% of the value in excess of $440,000
$550,000 – $906,000 $28,070 plus 6% of the value in excess of $550,000
More than $960,000 5.5 per cent of the value

Non Principal Place of Residence

For the purchase of any other property (i.e. not your Principal place of residence or LAND)

Dutiable Value Range Rate
$0 – $25,000 1.4 per cent of the value of the property
$25,000 – $130,000 $350 plus 2.4 per cent of the value in excess of $25,000
$130,000 – $960,000 $2,870 plus 6 per cent of the value in excess of $130,000
More than $960,000 5.5 per cent of the value

General Land Transfer

Dutiable Value Range Rate
$0 – $25,000 1.4 per cent of the value of the property
$25,000 – $130,000 $350 plus 2.4 per cent of the value in excess of $25,000
$130,000 – $960,000 $2,870 plus 6 per cent of the value in excess of $130,000
More than $960,000 5.5 per cent of the value

Duty rates for first-home buyers

If you sign a contract to buy your first home on or after 1 July 2017, you may be entitled to an exemption or concession from duty.

Exemption or concession

The first home buyer duty exemption or concession may be available if:

You enter into a contract of sale to buy your first home on or after 1 July 2017.

Your home has a dutiable value of:

$600,000 or less to receive the first home buyer duty exemption,

$600,001 to $750,000 to receive the first home buyer duty concession.

All the purchasers of the property meet the First Home Owner Grant eligibility criteria, and at least one purchaser satisfies the residency requirement.

More information can be found on the State Revenue office website here: https://www.sro.vic.gov.au/fhbduty

*All information sourced from the State Revenue Office Victoria

Calculate the stamp duty you may have to pay on your property using this Online Calculator.