Stamp Duty Rates — VIC (2025–26)
| Property Value | General Rate |
|---|---|
| $0 – $25,000 | $1.40 per $100 |
| $25,001 – $130,000 | $2.40 per $100 |
| $130,001 – $960,000 | $6.00 per $100 |
| $960,001 – $2,000,000 | 5.5% of FULL value (flat, not marginal) |
| $2,000,001+ | $110,000 + 6.5% of amount over $2M |
Watch out: The $960,001–$2M bracket is unusual — it's 5.5% on the entire value, not just the excess. This means a $961,000 property actually pays slightly less duty than a $960,000 property in certain scenarios.
Examples
| Property Value | Stamp Duty (approx) |
|---|---|
| $600,000 | ~$31,070 |
| $800,000 | ~$43,070 |
| $1,000,000 | ~$55,000 |
| $1,500,000 | ~$82,500 |
For general purchasers (non-first home buyer, Australian resident). Use the official VIC calculator or DecisionLab's stamp duty calculator for exact figures.
First Home Buyers — VIC
Full exemption up to $600,000. Concession from $600,001 to $750,000. Vacant land: full exemption up to $400,000.
Foreign Buyer Surcharge
8% surcharge on residential property
When You Pay
Within 30 days of settlement (automatic via PEXA for most transactions). Your conveyancer or solicitor handles the payment as part of the settlement process.
Key Notes for VIC
Victoria has the highest stamp duty in the country at the upper end. Owner-occupiers get lower PPR (principal place of residence) rates on properties up to $550,000. Off-the-plan concession available to ALL buyers (including investors) until October 2026 — average saving ~$24,500. Victoria is also transitioning commercial property from stamp duty to an annual tax.
Frequently Asked Questions
How much is stamp duty on a $800,000 property in VIC?
Approximately ~$43,070 for a general purchaser. First home buyers may pay significantly less or nothing — Full exemption up to $600,000. Concession from $600,001 to $750,000. Vacant land: full exemption up to $400,000.
Do first home buyers pay stamp duty in VIC?
Full exemption up to $600,000. Concession from $600,001 to $750,000. Vacant land: full exemption up to $400,000.
Is there a foreign buyer surcharge in VIC?
8% surcharge on residential property