In Victoria, stamp duty on property is officially called land transfer duty, and the State Revenue Office Victoria collects it. It is one of the largest upfront costs when you buy a home or investment property, and the amount depends on the property's dutiable value and whether the home will be where you live. This page explains how Victorian land transfer duty works in plain English, plus the concessions and exemptions that can cut or remove it for first home buyers and owner-occupiers.
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Estimate only. Government registration and transfer fees are approximate and change regularly — confirm with your state revenue office and lender.
Also called
Land transfer duty
First home buyer
$0 up to $600k
Foreign surcharge
8%
Revenue office
State Revenue Office Victoria
Land transfer duty in Victoria is worked out on the property's dutiable value, which is usually the price you pay or the market value, whichever is higher. The duty uses a sliding scale: cheaper properties are taxed at a lower rate, and the rate steps up as the value rises. Within most brackets you pay a fixed dollar amount plus a percentage applied only to the part of the value above that bracket's threshold, so the rate is marginal rather than charged on the whole price. There are two important exceptions to that marginal structure. If the home will be your principal place of residence and its dutiable value is $550,000 or less, a slightly lower owner-occupier (PPR) scale applies. And for properties valued between $960,001 and $2,000,000, duty is charged as a flat 5.5% of the entire dutiable value, not just the amount over a threshold. Above $2,000,000, the marginal structure returns. Your conveyancer or solicitor normally calculates and pays the duty through Duties Online when the transfer settles.
| Property value | Transfer duty |
|---|---|
| $0 – $25,000 | 1.4% of the dutiable value |
| $25,001 – $130,000 | $350 plus 2.4% of the dutiable value in excess of $25,000 |
| $130,001 – $960,000 | $2,870 plus 6% of the dutiable value in excess of $130,000 |
| $960,001 – $2,000,000 | A flat 5.5% of the whole dutiable value (not marginal) |
| More than $2,000,000 | $110,000 plus 6.5% of the dutiable value in excess of $2,000,000 |
Two Victoria-specific quirks matter. First, the $960,001–$2,000,000 band is charged as a flat 5.5% of the entire dutiable value, so duty jumps sharply once a property crosses $960,000 — this is not a marginal rate. Second, owner-occupiers buying a principal place of residence valued at $550,000 or less get a separate, slightly lower concessional (PPR) scale instead of the general rates. Victoria also offers a separate off-the-plan duty concession (temporarily widened for contracts signed from 21 October 2024 to before 21 April 2027) and pensioner and first-home-owner-with-dependent-child concessions, each with its own rules.
Eligible first home buyers in Victoria pay no land transfer duty when the home's dutiable value is $600,000 or less. Between $600,001 and $750,000, you get a concession: duty is charged on a sliding scale that tapers the saving away as the price rises toward $750,000, so the higher the price within that band, the smaller the discount. Above $750,000, no first home buyer duty concession applies and ordinary rates are charged. The benefit covers new homes, established (existing) homes, and vacant land you intend to build your first home on — Victoria does not restrict it to new builds. To qualify, you (and your spouse or partner) must never have owned residential property in Australia, all buyers must be Australian citizens or permanent residents, at least 18 and enrolled to vote in Victorian elections, and at least one buyer must move in and live there as their home for a continuous 12 months, starting within 12 months of settlement. Your conveyancer usually claims it through Duties Online at settlement.
Who qualifies: At least one buyer must occupy the home as their principal place of residence for 12 continuous months, starting within 12 months of settlement (for vacant land, by the earlier of 12 months after the occupancy certificate or 36 months after settlement). Neither you nor your spouse/partner may have previously owned residential property in Australia. All buyers must be natural persons, at least 18 years old, and enrolled to vote in Victorian elections. Applies to new and established homes and vacant land. Active-duty Australian Defence Force personnel can be exempt from the residency requirement. All purchasers must also be Australian citizens or permanent residents and must buy the property at market value.
| Purchase | Owner-occupier | First home buyer |
|---|---|---|
| $600,000 established home | $31,070 | $0 |
| $750,000 established home | $40,070 | $40,070 |
| $900,000 established home | $49,070 | $49,070 |
| $1,200,000 established home | $66,000 | $66,000 |
Victoria's first-home-buyer concession tapers to zero at $750,000, so at the very top of that band the first-home-buyer figure equals standard duty. Owner-occupier figures above $550,000 use the general scale.
Separate from duty relief, the First Home Owner Grant (FHOG) is a $10,000 payment for eligible first home buyers who buy or build a brand-new home (never previously sold or occupied) in Victoria valued up to $750,000. It does not apply to established homes. The home must become your principal place of residence — you must move in within 12 months of settlement or completion and live there continuously for at least 12 months. You can receive the FHOG in addition to the first home buyer duty exemption or concession. Apply within 12 months of settlement or completion of construction.
Foreign Purchaser Additional Duty (FPAD). Foreign buyers of residential property pay an extra 8% of the property's dutiable value on top of ordinary land transfer duty. The 8% rate applies to contracts, transactions, agreements and arrangements entered into on or after 1 July 2019. It is calculated on the foreign purchaser's share of the residential property and does not take into account other duty concessions.
None found that affect residential transfer duty rates, thresholds or the first home buyer caps. The Victorian State Budget 2026-27 did not change the general duty scale, the PPR concession ceiling, the foreign purchaser surcharge, the first home buyer exemption/concession thresholds, or the First Home Owner Grant. The only duty-related change is an extension of the temporary off-the-plan duty concession (now applying to contracts signed on or after 21 October 2024 and before 21 April 2027) and an unrelated motor-vehicle duty change for green luxury vehicles from 1 July 2027. As at 20 June 2026, there is no announced change to residential transfer duty effective 1 July 2026.
General information only — an estimate, not financial, tax, credit or legal advice. Figures current as at FY2025-26, reviewed June 2026. Always confirm your exact figure with State Revenue Office Victoria before you sign or budget.
Sources: Land transfer duty – non-principal place of residence (current rates) | State Revenue Office Victoria; Land transfer duty – principal place of residence (current rates) | State Revenue Office Victoria; First home buyer duty exemption or concession | State Revenue Office Victoria; Foreign purchaser additional duty (current rates) | State Revenue Office Victoria; First Home Owner Grant | State Revenue Office Victoria; Understanding land transfer (stamp) duty | State Revenue Office Victoria. Accessed June 2026.