Estimated monthly repayment
Stamp Duty - Non Principal place of Residence RateFor the purchase of any other property (i.e. not Principal place of residence) for contracts entered into on or after 6 May 2008.
Stamp Duty - Foreign Purchaser: After 1 July 2019 the foreigner buyer duty surcharge increases to 8% from 7%.
Stamp Duty - Principal Place of Residence (PPR) RateFor the purchase of a home (which will be used as Principal place of residence) for contracts entered into on or after 6 May 2008.
Stamp Duty - First Home Buyer Concession after 1 July 2017
VIC abolishes stamp duty for both new and existing properties under $600,000. First home buyers purchasing a property between $600,000 and $750,000 also receive a tapered discount.
If a first home buyer purchases vacant land to build a new home to be their principal place of residence, the home must be built within 12 months for the FHB concessions to apply (choose "Yes" for the Option "Are you first home buyer"). If the buyer takes more than 12 months to build the home, they are not eligible for the First Home Buyer Concession (choose "No" for the Option "Are you first home buyer").
Stamp Duty Waiver - from 25 Nov 2020 to 1 July 2021The Vic Government has announced duty waiver for purchases residential property with a dutiable value of up to $1 million: (1) new residential properties 50% (2) existing residential properties 25% (3) land transfer 25%.
The waiver applies after all other eligible benefits, such as the first home buyer duty concession, the principal place of residence concession and the pensioner concession, have been taken into account. However, the waiver does not apply to foreign purchaser additional duty.
Eligible pensioners are entitled to the exemption or concession.
The calculation & formula used in the calculator for the Pensioner and first
home owner exemptions and concession can be found in the Victoria Duties Act
2000, amendments as at 1 July 2011.
Mortgage Registration Fee 2020 - 2021: (a) Paper Transaction: $119.70 (b) Electronic Transaction: $110.80
Land Transfer Fee: (a) Paper Transaction Fee: the sum of $98.50 plus $2.34 for every whole consideration, the maximum fee is $3,609.00(b) Electronic Transaction Fee: the sum of $89.50 plus $2.34 for every whole consideration, the maximum fee is $3,600.00
First Home Owner Grant: The First Home Owner Grant (FHOG) has increased from $10,000 to $20,000 for new homes built in regional Victoria (see below) and valued up to $750,000.
Property Location for First Home Owner Grant