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Land transfer duty in Victoria with the principal place of residence concession and the first home buyer exemption and concession applied where they fit.
Live calculation — results update instantly as you change inputs.
| Dutiable value | Duty |
|---|---|
| $0 – $25,000 | 1.4% of the dutiable value |
| $25,001 – $130,000 | $350 plus 2.4% of the value over $25,000 |
| $130,001 – $960,000 | $2,870 plus 6% of the value over $130,000 |
| $960,001 – $2,000,000 | 5.5% of the dutiable value |
| Over $2,000,000 | $110,000 plus 6.5% of the value over $2,000,000 |
These are the general rates. A buyer who will live in the home pays the principal place of residence rates on a value up to $550,000: $2,870 plus 5% over $130,000 to $440,000, then $18,370 plus 6% over $440,000 to $550,000. Foreign purchasers pay an additional 8%. Source: State Revenue Office Victoria, verified November 2026.
The table below applies the first home buyer duty exemption or concession to the prices first home buyers in Victoria most often ask about. The calculator above does the same for any price.
| Purchase price | Duty for an owner-occupier | Eligible first home buyer pays |
|---|---|---|
| $500,000 | $21,970 | Nil |
| $600,000 | $31,070 | Nil |
| $640,000 | $33,470 | $8,925 |
| $680,000 | $35,870 | $19,131 |
| $720,000 | $38,270 | $30,616 |
| $750,000 | $40,070 | $40,070 |
| $850,000 | $46,070 | $46,070 |
The rules behind these figures, the residence requirement and the cases where the concession is lost are set out on first home buyer stamp duty concessions in Victoria.
Not on a home valued at $600,000 or less, provided they meet the first home buyer duty exemption rules. From $600,001 to $750,000 duty is reduced on a sliding scale. Above $750,000 the full amount applies.
No. The same $600,000 and $750,000 thresholds apply to new homes, established homes and vacant land for a first home. The First Home Owner Grant, by contrast, is only for new homes.
The contract price less the construction costs incurred after the contract date. For strata lots under contracts signed between 21 October 2024 and 20 April 2027 there is no value threshold on this concession, so a first home buyer's dutiable value can fall well below the exemption line.
Twelve continuous months, starting within 12 months of settlement. Renting the property out inside that period means the duty becomes payable and the SRO must be told.
If your spouse or partner owned and lived in a home in Australia for six continuous months at any time since 1 July 2000, or owned any home before then, neither of you is eligible, even if they are not on the contract.
The two do not stack. Up to $600,000 the first home exemption makes the duty nil anyway. Between $600,001 and $750,000 the first home concession is calculated on the general rates, because the principal place of residence rates end at $550,000.
Duty is one of four upfront costs, and the lender's assessment of your borrowing power is a separate test from any concession. A short conversation is usually enough to see where a purchase at your price would land on both.
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