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.
Reviewed against current legislation on
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
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.
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.
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.
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 Other States
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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Analyse Your Contract FreeLast updated: March 2026. Verify all figures with your state or territory revenue office before making financial decisions.