Stamp duty & first home buyer help in Victoria
What you’ll pay in transfer duty in VIC in 2026–27, the first home buyer concessions and grants available, and how to work out your own figure.
How stamp duty works in VIC
In Victoria, stamp duty is officially called land transfer duty and is collected by the State Revenue Office (SRO). It is based on the purchase price or market value of the property, whichever is greater, and is generally payable at settlement. Duty rises steeply as prices go up, so for many Melbourne and regional buyers it is a major cost to plan for alongside your deposit and lender fees.
First home buyers pay no duty on a home up to $600,000, with a sliding concession up to $750,000. Owner-occupiers who are not first home buyers may get a principal place of residence concession on homes up to $550,000. If you buy or build a new home valued up to $750,000 you may also receive the $10,000 First Home Owner Grant. A specialist broker from our partner network can help you check which of these apply to you.
First home buyers in VIC
- No land transfer duty for first home buyers on homes up to $600,000.
- A sliding duty concession for first home buyers on homes between $600,000 and $750,000.
- $10,000 First Home Owner Grant for new homes valued up to $750,000. The home must not have previously been sold as a place of residence.
- The home you buy with the grant must be your main residence.
- An off-the-plan duty concession is available for eligible apartments, units and townhouses for contracts signed between 21 October 2024 and 20 October 2026.
- The national 5% Deposit Scheme (First Home Guarantee) has had no income caps or place limits since 1 October 2025.
Stamp duty in VIC at a glance
Estimated transfer duty at common purchase prices. First home buyer columns assume you meet every eligibility rule.
| Price | Owner-occupier | Investor | First home buyer (established) | First home buyer (new home) |
|---|---|---|---|---|
| $500,000 home | $21,970 | $25,070 | Nil | Nil |
| $650,000 home | $34,070 | $34,070 | $11,357 | $11,357 |
| $800,000 home | $43,070 | $43,070 | $43,070 | $43,070 |
| $1,000,000 home | $55,000 | $55,000 | $55,000 | $55,000 |
| $1,500,000 home | $82,500 | $82,500 | $82,500 | $82,500 |
Estimates only, based on general rates checked 2 October 2026. Excludes foreign buyer surcharges, land tax, registration fees and other concessions. Always confirm with the State Revenue Office Victoria calculator.
First Home Owner Grant: $10,000
A $10,000 payment for first home buyers who buy or build a new home valued at up to $750,000. The home must become your main residence.
Also worth knowing
- Foreign purchasers pay an extra 8% foreign purchaser additional duty on residential property, on top of standard land transfer duty.
- The Victorian Homebuyer Fund shared equity scheme is now closed to new applicants. The Australian Government's Help to Buy scheme is the current alternative.
- The off-the-plan concession currently applies to contracts signed up to 20 October 2026, so check the SRO site for any extension if you are signing close to that date.
- The national 5% Deposit Scheme can help you buy sooner with no lenders mortgage insurance.
Stamp duty in VIC: common questions
How much stamp duty do first home buyers pay in Victoria?
Nothing on a home priced up to $600,000, if you meet the eligibility rules. Between $600,000 and $750,000 you pay a reduced amount that increases with the price, and above $750,000 the standard rates apply.
Is the Victorian First Home Owner Grant available on established homes?
No. The $10,000 grant is only for new homes, including homes you build, valued at up to $750,000. You may still qualify for the first home buyer duty exemption or concession on an established home.
What is the Victorian off-the-plan concession?
It lets eligible buyers pay duty on a reduced value when buying an apartment, unit or townhouse off the plan. It applies to contracts signed between 21 October 2024 and 20 October 2026, and a specialist broker from our partner network can help you understand how it affects your costs.
Sources
Government sources used for this page. Rules change, especially on 1 July, so check them before you sign a contract.
Other states
Buying your first home?
A specialist mortgage broker from our partner network can check your eligibility for grants, concessions and the 5% Deposit Scheme.