VIC Stamp Duty Calculator

Get a Clear View of Your Up-Front Property Costs

When purchasing property in Victoria, the total cost goes beyond the sale price. Stamp duty and other state fees can add thousands to your upfront expenses. Stamp duty is a government tax based on the property’s value, with higher rates applying to more expensive homes.

Using our Victoria stamp duty calculator gives you a fast, accurate estimate of what you’ll owe so you can budget properly and feel confident heading into settlement.

Using the VIC Stamp Duty Calculator

To use our calculator, simply enter:

The value of the property you’re buying.
Whether you’re eligible as a first home buyer or you’re a foreign purchaser.
Whether the property is owner-occupied, investment, or vacant land.

Once you submit the inputs, you’ll receive an estimated amount you’ll need to pay in stamp duty and the related government transaction fees. This puts you in a stronger position to structure your deposit, loan and overall purchase cost.

Current Victorian Stamp Duty Rates (2024-25)

Here are the core rate brackets for owner-occupied residential purchases (no concessions applied):

Dutiable Value	Duty Calculation
$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
Over $550,000	Apply general rates (higher brackets apply)

Thresholds are adjusted annually. Based on current guidance.
Sources: Rate data from the Victorian Revenue Office.

Example Estimate

If you’re buying a home for around $650,000 in Melbourne as an owner-occupier, your stamp duty might be in the region of $11,000+, depending on concessions. For a first-home buyer under the eligible value threshold, your duty may be significantly lower.

Using our Victoria Stamp Duty Calculator

It gives you a realistic estimate of what you’ll pay before you commit to a contract.
Helps you compare outcomes – such as being a first home buyer vs general buyer.
Supports better loan and deposit decisions by factoring in government fees.
Reduces the risk of unexpected costs at settlement.

Use our Victoria stamp duty calculator now, then get in touch with an Inovayt broker to work through your results and next steps.

VIC Stamp Duty Calculator – FAQs

Is the VIC stamp duty amount in my calculator result fixed?

No – while our VIC stamp duty calculator uses the latest rate brackets, the final duty payable may differ based on your individual eligibility, property use, timing of contract, and defined dutiable value. Always confirm with your conveyancer or financial broker

What exemptions or concessions apply in Victoria?

Eligible first-home buyers may pay zero duty on properties up to approximately $600,000 and attract reduced duty on values up to around $750,000. Additional off-the-plan and pensioner concessions may also apply.

How soon do I need to pay the stamp duty?

In Victoria, duty is usually due within 30 days of the transfer of ownership. If paid late, interest and penalty charges may apply.

Does the duty rate differ for investment properties or foreign buyers?

If you’re buying property as an investor or as a foreign purchaser, higher duty rates or surcharges apply. Always select the correct scenario in the VIC stamp duty calculator and review with your broker or legal advisor.

How is my stamp duty calculated in Victoria?

Your stamp duty is calculated based on various factors. This includes whether or not you’re a first home buyer, the location of your property, how much your property is valued at, etc. You can also calculate how much stamp duty you can expect to pay on vacant blocks of land where you’re planning to build.

Do I have to pay stamp duty as a first home buyer in Victoria?

This depends on which state you live in, and how much the property is that you’re purchasing. Different states have different regulations surrounding first home buyers and stamp duty. For example, in Victoria, the government abolishes stamp duty for both new and existing properties under $600,000. For properties over this amount, stamp duty is calculated on a sliding scale.

What other costs can I expect to pay when buying a house?

Stamp duty is one of many hidden costs associated with buying a house. Most home buyers – especially first home buyers – only consider the loan repayments and deposit when saving for a home. In reality, there are quite a few other costs involved. These costs include stamp duty, conveyancing fees, Lender’s Mortgage Insurance LMI), building and pest inspections and more.

To learn more, speak to an expert from Inovayt read our blog on the hidden costs of buying a property.