Victorian first home buyers pay $0 land transfer duty on properties up to $600,000 — saving $31,070 compared to standard rates at the exemption threshold.
Includes first home buyer exemptions, vacant land rates, foreign buyer surcharge, registration fees, and full upfront cost breakdown.
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Enter a purchase price and click Calculate to see stamp duty, concessions, and your full upfront cost estimate.
Stamp duty is calculated progressively — only the portion within each bracket is taxed at that rate. Rates sourced from State Revenue Office VIC.
| Purchase Price Range | Duty Calculation |
|---|---|
| $0 – $25,000 | $1.40 per $100 (1.40%) |
| $25,001 – $130,000 | $350 + $2.40 per $100 over $25,000 |
| $130,001 – $960,000 | $2,870 + $6.00 per $100 over $130,000 |
| $960,001 – $2,000,000 | $52,670 + $6.00 per $100 over $960,000 |
| $2,000,001+ | $115,070 + $6.50 per $100 over $2,000,000 |
Rates are indicative for 2024–25 and may change. Always verify the current schedule with State Revenue Office VIC before transacting.
Each state has different rates, thresholds, and first home buyer rules — select your state below.
Yes — the VIC First Home Buyer Duty Exemption applies to existing homes, newly built homes, and vacant land, all with the same thresholds: full exemption up to $600,000 and a concession to $750,000. For vacant land, duty is assessed on the land value only (not construction costs). Once you build and occupy the home, you may also be eligible for the First Home Owner Grant ($10,000 for new builds).
Standard land transfer duty on a $600,000 VIC property is $31,070. First home buyers pay $0. Calculation: $0–$25k at 1.4% ($350), $25k–$130k at 2.4% ($2,520), $130k–$600k at 6% ($28,200) = $31,070.
Yes. VIC offers an off-the-plan concession that reduces duty by calculating it on the contract price minus construction costs not yet incurred. This can significantly reduce the dutiable value for early-stage apartment purchases. First home buyers purchasing off-the-plan can combine the FHB exemption with the off-the-plan concession where eligible.
Yes. Foreign persons pay an additional 8% duty surcharge on top of standard land transfer duty. On a $700,000 purchase: $37,070 standard duty + $56,000 surcharge = $93,070 total. Foreign owners also pay a 4% absentee owner surcharge on top of standard land tax each year.
Beyond stamp duty, typical VIC purchase costs include: title transfer registration (~$120), mortgage registration (~$120), conveyancing ($1,200–$2,500), building and pest inspection ($400–$800), and bank fees (~$800). Budget roughly 4–6% of purchase price for total upfront costs including stamp duty.