The stamp duty in Victoria as of 2025 varies depending on the value of the property and whether it is a principal place of residence or an investment property. The general rates for most properties are as follows:
- $0 - $25,000: 1.4% of the property value
- $25,001 - $130,000: $350 plus 2.4% of the value above $25,000
- $130,001 - $960,000: $2,870 plus 6% of the value above $130,000
- $960,001 - $2,000,000: 5.5% of the total property value
- Over $2,000,000: $110,000 plus 6.5% of the value above $2,000,000
First-home buyers may benefit from exemptions and concessions, including no stamp duty on homes valued at $600,000 or less and concessional rates up to $750,000. There are also special rates if you buy off-the-plan properties. Stamp duty is payable within 30 days of settlement, and it is important to budget for it as an additional cost on top of the property price and deposit.
