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.
Transfer tax / stamp duty: A$46,070.00
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 checked against official sources on — 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 normally pays the stamp duty in Victoria — in full, before or at settlement — and it usually cannot be added to the mortgage, so it must be part of your cash budget alongside the deposit. Purchase contracts can reassign the obligation, so confirm what yours says.
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.
