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Our free VIC calculator applies the current rates and concessions for you.
How land transfer duty is calculated in VIC
Duty is charged on the dutiable value of the property: the purchase price or market value, whichever is greater. The 2026-27 scale is:
| Property value | Duty |
|---|
| $0 to $25,000 | 1.4% of the dutiable value |
| $25,001 to $130,000 | $350 plus 2.4% of the excess over $25,000 |
| $130,001 to $960,000 | $2,870 plus 6% of the excess over $130,000 |
| $960,001 to $2,000,000 | 5.5% of the entire dutiable value |
| Over $2,000,000 | $110,000 plus 6.5% of the excess over $2,000,000 |
What you might pay
Estimates for an owner-occupier under current VIC rates. Figures exclude title registration and other fees.
| Price | Owner-occupier
(established) | First home buyer
(established) | First home buyer
(new home) |
|---|
| $500,000 | $21,970 | $0 | $0 |
| $650,000 | $34,070 | $11,356 | $11,356 |
| $750,000 | $40,070 | $40,070 | $40,070 |
| $850,000 | $46,070 | $46,070 | $46,070 |
| $1,000,000 | $55,000 | $55,000 | $55,000 |
Your circumstances change the numbers. Run your own figures in the VIC calculator.
Concessions and exemptions
First home buyer exemption and concession
No duty on homes valued at $600,000 or less, and a tapered concession from $600,001 to $750,000. You must live in the home for 12 continuous months, starting within 12 months of possession.
Principal place of residence concession
Concessional rates apply to owner-occupied homes valued between $130,001 and $550,000. Above $550,000, general rates apply.
Off-the-plan concession
For contracts signed before 21 April 2027, any buyer of an apartment, unit or townhouse in a strata subdivision can deduct outstanding construction costs from the dutiable value, with no price cap. Buying early in construction can cut duty substantially.
Pensioner and concession cardholder reduction
Eligible cardholders buying a home to live in get a full exemption up to $600,000 and a concession to $750,000. It is a once-only benefit.
Foreign purchaser additional duty
Foreign purchasers pay an additional 8% of the dutiable value on residential property.
Frequently asked questions
How much is stamp duty in Victoria?
Land transfer duty is charged on a sliding scale up to 6.5 per cent, based on the greater of the price paid or market value. A $700,000 established home bought as your home attracts $37,070, one of the highest amounts in the country at that price. Use our calculator above for your exact figure.
Do first home buyers pay stamp duty in Victoria?
Eligible first home buyers pay no duty on homes valued at $600,000 or less, and a tapered concession applies from $600,001 to $750,000. You must occupy the home for 12 continuous months, starting within 12 months of possession. Above $750,000 full duty applies.
When is stamp duty payable in Victoria?
Duty must be paid within 30 days of settlement. In practice it is almost always paid at settlement through the electronic conveyancing process, handled by your conveyancer. Late payment attracts penalty tax and interest.
What is the off-the-plan stamp duty concession in Victoria?
For contracts signed before 21 April 2027, any buyer of an apartment, unit or townhouse in a strata subdivision, including investors, can deduct outstanding construction costs from the dutiable value, with no price cap. Buying early in construction can cut duty by roughly three quarters.
Who pays stamp duty, the buyer or the seller?
The buyer pays land transfer duty in Victoria. It is an additional cost on top of the purchase price, deposit and conveyancing fees. Your conveyancer lodges the transaction and applies any exemption or concession as part of electronic conveyancing.
Do pensioners get a stamp duty concession in Victoria?
Yes. Eligible concession cardholders buying a home to live in get a full exemption up to $600,000 and a partial concession to $750,000. It is a once-only benefit and you must live in the property.
Is stamp duty higher for investment property in Victoria?
The rate scale is the same, but investors miss out on the principal place of residence concession and first home buyer relief, so they pay general rates. Investors can, however, use the off-the-plan concession for strata apartments and townhouses until 20 April 2027.
How much extra do foreign buyers pay in Victoria?
Foreign purchasers pay additional duty of 8 per cent of the dutiable value on residential property, on top of standard land transfer duty. This applies to foreign natural persons, corporations and trusts.
How we check these VIC rates
Rates apply to contracts entered into on or after 1 July 2021 and remain current for 2026-27. Verified against official government sources, current as at 11 July 2026.
Compare with other states in our Australia-wide stamp duty FAQ, or jump straight to the VIC stamp duty calculator.
General information only, not legal or financial advice. Duty is assessed by the relevant state revenue office; confirm your figure with your licensed conveyancer or conveyancing solicitor.
