How Victorian stamp duty is calculated (2026-27)
Rates checked 15 Oct 2026 against State Revenue Office Victoria.
Victorian land transfer duty (stamp duty) is charged on the property's dutiable value: the higher of the price you pay and the market value. This calculator uses the State Revenue Office Victoria rates for 2026-27.
| Dutiable value | Duty (general rate) |
|---|---|
| $0 – $25,000 | 1.4% of the value |
| $25,001 – $130,000 | $350 + 2.4% of the value over $25,000 |
| $130,001 – $960,000 | $2,870 + 6% of the value over $130,000 |
| $960,001 – $2,000,000 | 5.5% of the whole value |
| Over $2,000,000 | $110,000 + 6.5% of the value over $2,000,000 |
Principal place of residence (PPR) rate: if you'll live in the home and it's valued at $550,000 or less, the band from $130,001 to $440,000 is charged at 5% instead of 6%, and from $440,001 to $550,000 duty is $18,370 + 6% of the value over $440,000. That saves up to $3,100: a $500,000 home costs $21,970 instead of $25,070. Above $550,000 the general rate applies.
First home buyers: no duty on a home valued at $600,000 or less. From $600,001 to $750,000 the concession tapers, from no duty at $600,000 to full duty at $750,000. The taper is an estimate: the formula used here (full duty × (value − $600,000) ÷ $150,000) comes from independent calculators, not the SRO, so confirm the figure with the SRO or your conveyancer. At least one buyer must be an Australian citizen or permanent resident.
Foreign purchasers pay an extra 8% of the dutiable value on top of duty, worked out on the full value before any concession. If you buy with an Australian citizen or permanent resident, it applies only to the foreign buyer's share.
Worked example: a $700,000 home: $2,870 + ($700,000 − $130,000) × 6% = $37,070. The PPR rate doesn't apply at this price. An eligible first home buyer pays about $24,713 (estimate), and a foreign buyer pays $37,070 + $56,000 surcharge = $93,070.
Confirm rates and eligibility with the State Revenue Office Victoria. Buying in another state? Use the all-states stamp duty calculator.
General information only, not financial, tax or credit advice. Check your situation with the ATO, your state revenue office or a licensed adviser.
Victoria stamp duty FAQs
How much is stamp duty on a $700,000 home in Victoria?
$37,070 at the general rate: $2,870 plus 6% of the value over $130,000. The principal place of residence rate stops at $550,000, so it doesn't help here. An eligible first home buyer pays about $24,713 (an estimate, as the SRO doesn't publish the taper formula), and a foreign buyer pays $93,070 including the 8% surcharge.
Do first home buyers pay stamp duty in Victoria?
$0 on a home valued at $600,000 or less. Between $600,001 and $750,000 the concession tapers: about $11,356 on a $650,000 home and $24,713 on $700,000, against $34,070 and $37,070 at full rates. From $750,000 you pay full duty ($40,070 at $750,000). The taper figures are estimates from a formula used by independent calculators, not published by the SRO.
How much does the principal place of residence concession save?
Up to $3,100, on homes valued from $440,000 to $550,000. A $500,000 home you'll live in costs $21,970 instead of $25,070. Above $550,000 there's no PPR concession, so a $600,000 home costs $31,070 whether you live in it or not.
How much is the foreign purchaser surcharge in Victoria?
8% of the dutiable value, on top of normal duty: $56,000 on a $700,000 home, for a total of $93,070. It's worked out on the full value before any concession, and a foreign buyer on their own can't get first home buyer relief.
How much is stamp duty on a $1 million home in Victoria?
$55,000. From $960,001 to $2,000,000 Victoria charges 5.5% of the whole value, not just the part over a threshold, and no home or first home concession applies at this price.