Australia · Stamp Duty
Victoria's schedule is unusual: duty climbs to 6% at $960,000 and then drops to a flat 5.5% of the whole value up to $2 million, which means a $1.5m house actually costs less duty than a $990,000 one in percentage terms. Melbourne's median sits just under the 6% cliff, so most buyers face the heaviest marginal rate in the country. First home buyers on properties up to $600,000 pay no duty since July 2024.
Preset rates are indicative reference values only. Confirm current rates and any reliefs with your local tax authority.
Jurisdiction comparison at A$850,000.00
Victoria pays A$46,070.00 (5.42%) vs Victoria at A$46,070.00 (5.42%).
1.4%–6% on the first $960,000, then a flat 5.5% to $2m and 6.5% above — a $900k home pays ~$48,000. Bands below are the standard residential buyer schedule used by the calculator.
| Property value | Rate |
|---|---|
| $0.00 – $25,000.00 | 1.4% |
| $25,000.00 – $130,000.00 | $350.00 + 2.4% above $25,000.00 |
| $130,000.00 – $960,000.00 | $2,870.00 + 6% above $130,000.00 |
| $960,000.00 – $2,000,000.00 | Flat 5.5% of the full value |
| $2,000,000.00+ | Flat 6.5% of the full value |
Indicative figures compiled August 2026 — official source: State Revenue Office Victoria — rates. Rates are typically indexed or revised each financial year.
A $850,000.00 purchase in Victoria attracts about $46,070.00 in stamp duty at the standard indicative rates — an effective rate of 5.42%. Land Victoria registration fees are around $300–$600 depending on the property. That makes the all-in cash requirement $896,070.00 before you factor in any deposit, legal work, or moving costs. Adjust the price in the calculator to model your own number.
1.4%–6% on the first $960,000, then a flat 5.5% to $2m and 6.5% above — a $900k home pays ~$48,000. Rates change with legislation and vary by buyer circumstances, so treat these as planning figures and confirm the current rate with State Revenue Office Victoria — rates before you commit.
At the indicative rates above, a $850,000.00 property attracts about $46,070.00 in stamp duty — an effective rate of 5.42%. Land Victoria registration fees are around $300–$600 depending on the property.. The calculator above lets you change the price and see the result instantly.
First home buyers: no duty on properties up to $600,000 (and for off-the-plan builds above that). Eligibility rules change frequently and vary by buyer type, so verify your situation with State Revenue Office Victoria — rates or a conveyancer.
The buyer pays the tax in essentially every case in this market. It is payable in full before or at settlement and cannot normally be added to a mortgage, so it must be part of your cash budget alongside the deposit.
How we calculate: the calculator applies the official band schedule marginally — each rate applies only to the slice of the price inside its band, exactly as the revenue authority does. Worked examples are computed with the same function.
Last reviewed: . Learn more about Nirmal Lashkari and LashkariProperties.
Disclaimer: stamp duty rates change with legislation and vary by buyer circumstances. These are indicative planning figures, not tax advice — confirm every number with State Revenue Office Victoria — rates or a qualified local professional.
