How much is stamp duty on a $700,000 property in Victoria?

On a $700,000 property in Victoria, standard stamp duty is approximately $37,070. This is calculated as $2,870 base + 6% on the amount over $130,000 ($570,000 × 6% = $34,200), totalling $37,070. Note: Victoria charges different rates for principal place of residence (PPR) versus investment properties, so the exact amount may vary. First home buyers purchasing their first home would receive a concessional rate since the property falls between $600,001 and $750,000.

Do first home buyers pay stamp duty in Victoria?

First home buyers in Victoria receive a full stamp duty exemption on properties valued up to $600,000. For properties between $600,001 and $750,000, a sliding-scale concession applies. Properties above $750,000 attract full stamp duty with no first home buyer discount.

How is stamp duty calculated in Victoria?

Victorian stamp duty uses a progressive bracket system for properties up to $960,000. Above $960,000 to $2,000,000, it switches to a flat 5.5% of the total property value. Above $2,000,000, a premium rate of $110,000 plus 6.5% on the excess applies.

What is the premium stamp duty rate in Victoria?

Victoria charges a premium stamp duty rate on properties valued over $2,000,000. The rate is $110,000 plus 6.5% on the amount exceeding $2,000,000. This premium tier makes Victoria one of the most expensive states for high-value property transfers.

How much is stamp duty on a $700,000 property in Victoria?

On a $700,000 property in Victoria, standard stamp duty is approximately $37,070. This is calculated as $2,870 base + 6% on the amount over $130,000 ($570,000 × 6% = $34,200), totalling $37,070. Note: Victoria charges different rates for principal place of residence (PPR) versus investment properties, so the exact amount may vary. First home buyers purchasing their first home would receive a concessional rate since the property falls between $600,001 and $750,000.

Do first home buyers pay stamp duty in Victoria?

First home buyers in Victoria receive a full stamp duty exemption on properties valued up to $600,000. For properties between $600,001 and $750,000, a sliding-scale concession applies. Properties above $750,000 attract full stamp duty with no first home buyer discount.

How is stamp duty calculated in Victoria?

Victorian stamp duty uses a progressive bracket system for properties up to $960,000. Above $960,000 to $2,000,000, it switches to a flat 5.5% of the total property value. Above $2,000,000, a premium rate of $110,000 plus 6.5% on the excess applies.

What is the premium stamp duty rate in Victoria?

Victoria charges a premium stamp duty rate on properties valued over $2,000,000. The rate is $110,000 plus 6.5% on the amount exceeding $2,000,000. This premium tier makes Victoria one of the most expensive states for high-value property transfers.

Stamp Duty in Victoria (VIC) — Rates & Exemptions 2026

Victoria stamp duty rates, brackets, and first home buyer exemptions for 2026. Full exemption up to $600,000 and concessions to $750,000. Understand VIC stamp duty and premium rates.

Definition

Victoria Stamp Duty

Stamp duty (transfer duty) in Victoria is a state government tax paid when you purchase property. Victoria charges different stamp duty rates for principal place of residence (PPR) versus investment/non-PPR properties. Victoria also charges a windfall gains tax on rezoned land and has premium duty rates for properties over $2M.

Quick Facts

FHB Exemption	Full exemption up to $600,000; concession between $600,001 and $750,000
FHB Threshold	$600,000 (full exemption), $750,000 (concession)
Foreign Surcharge	8% surcharge for foreign buyers
Key Notes	Victoria charges different stamp duty rates for principal place of residence (PPR) versus investment/non-PPR properties. Victoria also charges a windfall gains tax on rezoned land and has premium duty rates for properties over $2M.

VIC Stamp Duty Rate Brackets

The following table shows the current stamp duty brackets for property purchases in Victoria.

Property Value	Rate / Duty
$0 — $25,000	1.4%
$25,001 — $130,000	$350 + 2.4% over $25,000
$130,001 — $960,000	$2,870 + 6% over $130,000
$960,001 — $2,000,000	5.5% of total value
Over $2,000,001	$110,000 + 6.5% over $2,000,000

First Home Buyer Concessions

Full exemption up to $600,000; concession between $600,001 and $750,000

The threshold for first home buyer stamp duty concessions in Victoria is: $600,000 (full exemption), $750,000 (concession). Check with your state revenue office for the latest eligibility criteria and application process.

Foreign Buyer Surcharge

8% surcharge for foreign buyers. This surcharge is applied in addition to the standard stamp duty rates shown above. Foreign buyers should factor this additional cost into their purchasing budget.

Tip: Use our Stamp Duty Calculator to get an instant estimate of your stamp duty in Victoria, including first home buyer concessions and foreign buyer surcharges.

Frequently Asked Questions — VIC Stamp Duty

Stamp Duty in Other States

NSW— New QLD— Queensland WA— Western SA— South TAS— Tasmania ACT— Australian NT— Northern

Read the full guide: Stamp Duty Exemptions for First Home Buyers

Related Resources

Stamp Duty Calculator — Calculate your stamp duty including first home buyer concessions.
Stamp Duty Exemptions for First Home Buyers — State-by-state breakdown of available exemptions and concessions.
First Home Owner Grant Victoria — Learn about the FHOG and other grants in VIC.
Borrowing Capacity Calculator — Estimate how much you can borrow based on your income and expenses.

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Last updated: March 2026. Verify all figures with your state or territory revenue office before making financial decisions.