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VIC Stamp Duty Calculator

Calculate stamp duty (land transfer duty) in Victoria. First home buyers exempt up to $600,000 with concessions to $750,000.

Data stays on your deviceATO sourced data

Calculate stamp duty for property in Victoria. VIC has some of the highest rates in Australia, especially for premium properties.

  • First home buyers exempt up to $600,000
  • Concession rates between $600,000 and $750,000
  • Foreign buyer surcharge is 8%
  • Premium property surcharge applies above $2 million

Disclaimer

This calculator provides estimates for general information purposes only. Results should not be relied upon as professional financial, tax, or legal advice. Tax rates and thresholds are based on publicly available ATO data and may change. Always consult a qualified tax agent or financial adviser for advice specific to your circumstances.

Frequently Asked Questions

How much is stamp duty on a $700,000 property in VIC?
On a $700,000 property in Victoria, a standard buyer pays approximately $37,070 in land transfer duty. Victoria has some of the highest stamp duty rates in Australia for properties in this range. First home buyers purchasing at $700,000 would receive a partial concession, as the full exemption only applies up to $600,000.
Do first home buyers pay stamp duty in VIC?
First home buyers in Victoria are fully exempt from stamp duty on properties valued up to $600,000. A sliding concession applies between $600,000 and $750,000 — the concession decreases as the price increases. Above $750,000, first home buyers pay the full standard rate. The exemption applies to both new and established homes, provided you move in within 12 months and live there for at least 12 months.
What is the foreign buyer surcharge in VIC?
Foreign purchasers in Victoria pay an additional 8% surcharge on all residential property purchases. On a $1,000,000 property, this surcharge alone adds $80,000 to your costs. It applies to foreign nationals, temporary residents, and foreign corporations. The surcharge applies in addition to standard stamp duty rates and the premium property duty for homes over $2 million.
When is stamp duty due in VIC?
In Victoria, stamp duty must be paid within 30 days of settlement. If you're using a conveyancer or solicitor (which is standard), they will arrange payment through the State Revenue Office as part of the settlement process. Late payments incur penalty tax and interest. For off-the-plan purchases, duty may be deferred until settlement under certain conditions.
What is the premium property surcharge in VIC?
Victoria applies a premium rate of 6.5% on the portion of a property's value above $2,000,000 (compared to the standard top rate of 5.5%). This means properties over $2 million pay a higher marginal rate on the amount above this threshold. Combined with the 8% foreign buyer surcharge, overseas buyers of premium property face some of the highest duty rates in Australia.

What is VIC Stamp Duty?

Stamp duty in Victoria (officially called land transfer duty) is a state tax on property purchases. Victoria has some of the highest stamp duty rates in Australia, particularly for premium properties valued over $2 million.

How this calculator works

This calculator applies the current State Revenue Office of Victoria duty rates. Rates range from 1.4% on the first $25,000 up to 6.5% for property values exceeding $2 million (the premium property rate). First home buyer exemptions are applied automatically — full exemption up to $600,000, with a sliding concession between $600,000 and $750,000. The 8% foreign buyer surcharge is added for overseas purchasers. Victoria also applies a premium duty rate of 6.5% on the portion of value above $2 million.

All calculations are performed in your browser — your data never leaves your device. Results are for general guidance only and should not be considered professional financial advice.

Built and maintained by Konstantin Iakovlev. Data sourced from the ATO and official Australian government sources.

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