Stamp Duty & Transfer Tax
Understanding property transfer costs and how to minimize them
Understanding property transfer costs and how to minimize them
Stamp duty (transfer duty) is a state government tax charged when you purchase property. It varies by state and can be one of the largest upfront costs when buying a home.
The amount depends on purchase price, buyer status, first-home concessions and whether the property is owner-occupied or an investment.
| Property Value | Duty Payable |
|---|---|
| Up to $25,000 | 1.4% of property value |
| $25,001 - $130,000 | $350 + 2.4% of amount over $25,000 |
| $130,001 - $960,000 | $2,870 + 5% of amount over $130,000 |
| $960,001 - $2,000,000 | $44,370 + 6% of amount over $960,000 |
| Over $2,000,000 | $106,770 + 6.5% of amount over $2,000,000 |
Based on standard Victorian rates
Based on standard Victorian rates
First home buyers in Victoria may be eligible for significant stamp duty concessions:
Full exemption: Properties up to $600,000
Partial concession: $600,001 - $750,000
Eligibility: Must be AUS citizen or PR, never owned property before, and intend to live in the property
Registration of property transfer with Land Registry.
$115 - $150
Solicitor or conveyancer fees for handling settlement.
$800 - $2,500
Pre-purchase inspections (recommended).
$400 - $800
Fee to register the mortgage with the state.
$115 - $150
We'll guide you through all costs and help you understand concessions you may be eligible for.
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