How Much Is Stamp Duty in Victoria? (2026 Guide)
How much is stamp duty in Victoria? It depends on your property price, whether you're an owner-occupier, investor, or first home buyer — and the difference between these can be thousands of dollars. Here's exactly how it's calculated, with worked examples for common price points.
Important: This article is general information only. Stamp duty rates and thresholds are set by the Victorian Government and are subject to change. Please confirm your exact figure at sro.vic.gov.au or with a mortgage broker before relying on this estimate.
What Is Stamp Duty?
Stamp duty (officially "land transfer duty") is a one-off tax paid to the Victorian Government when you purchase property. It's calculated as a percentage of your property's value, on a sliding scale — the more expensive the property, the higher the rate on the upper portion of the price.
How Much Is Stamp Duty in Victoria? General Rates
For investors and general purchasers (not owner-occupiers or first home buyers), Victoria uses the following rate schedule:
| Dutiable Value | Duty Payable |
|---|---|
| $0 – $25,000 | 1.4% of the value |
| $25,001 – $130,000 | $350 + 2.4% of value over $25,000 |
| $130,001 – $960,000 | $2,870 + 6% of value over $130,000 |
| $960,001 – $2,000,000 | 5.5% of the value |
| Above $2,000,000 | $110,000 + 6.5% of value over $2,000,000 |
Source: State Revenue Office Victoria (SRO).
Example: $500,000 Investment Property
$2,870 + 6% × ($500,000 − $130,000) = $25,070
Owner-Occupier (Principal Place of Residence) Rates
If you'll be living in the property as your main residence, a lower rate schedule applies up to $550,000:
| Dutiable Value | Duty Payable |
|---|---|
| $0 – $25,000 | 1.4% of the value |
| $25,001 – $130,000 | $350 + 2.4% of value over $25,000 |
| $130,001 – $440,000 | $2,870 + 5% of value over $130,000 |
| $440,001 – $550,000 | $18,370 + 6% of value over $440,000 |
| Above $550,000 | General rates apply (see table above) |
Example: $500,000 Owner-Occupied Home
$18,370 + 6% × ($500,000 − $440,000) = $21,970
Key takeaway: On the same $500,000 property, an owner-occupier pays $21,970 while an investor pays $25,070 — a $3,100 difference, purely based on how the property will be used.
First Home Buyer Stamp Duty in Victoria
First home buyers get the best deal of all, provided the property qualifies:
- Up to $600,000: Full exemption — no stamp duty payable
- $600,001 – $750,000: Concession on a sliding scale
- Above $750,000: No concession — general rates apply
Important: The first home buyer concession applies regardless of whether the property is new or established — unlike the First Home Owners Grant, which only applies to new homes.
📖 For the full breakdown of eligibility and worked examples, see our dedicated guide: First Home Buyer Stamp Duty Exemption: How It Works.
Worked Examples at Common Price Points
| Property Price | Investor/General | Owner-Occupier | First Home Buyer |
|---|---|---|---|
| $600,000 | $31,070 | $31,070 | $0 |
| $700,000 | $37,070 | $37,070 | $24,713 |
| $750,000 | $40,070 | $40,070 | $40,070 |
| $800,000 | $43,070 | $43,070 | $43,070 |
| $1,000,000 | $55,000 | $55,000 | $55,000 |
Figures rounded to the nearest dollar. Owner-occupier rate applies above $550,000 general rates.
🧮 Get Your Exact Figure
Use our free calculator to work out your stamp duty instantly, for your exact price and buyer type.
Use the Stamp Duty Calculator →Are There Any Other Stamp Duty Costs to Consider?
- Foreign purchaser surcharge — an additional 8% applies to foreign buyers of residential property in Victoria
- Off-the-plan concessions — may reduce the dutiable value for eligible off-the-plan purchases
- Vacant land — different rules can apply depending on intended use
How Be Smart Finance Can Help
Stamp duty is one of the biggest upfront costs in any property purchase — and it's easy to underestimate. We can help you:
- Work out your exact stamp duty liability before you make an offer
- Confirm whether you qualify for a first home buyer exemption or concession
- Budget accurately for all upfront costs, not just your deposit
Frequently Asked Questions
How much is stamp duty in Victoria on a $600,000 house?
For an investor or owner-occupier, approximately $31,070. For an eligible first home buyer, $0 due to the full exemption.
Do first home buyers pay stamp duty in Victoria?
Not on properties up to $600,000 (full exemption), and only a reduced amount between $600,001 and $750,000 (sliding concession). Above $750,000, standard rates apply.
Is stamp duty different for investors vs owner-occupiers?
Yes, up to $550,000 — owner-occupiers pay a lower rate on this portion. Above $550,000, the same general rates apply to both.
When do I have to pay stamp duty in Victoria?
Stamp duty is generally payable at settlement, though exact timing can vary — confirm with your conveyancer or broker.
Want an Exact Figure for Your Purchase?
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