First home buyer stamp duty in Victoria

Victoria exempts eligible first home buyers from land transfer duty on homes up to $600,000 and reduces it on a sliding scale up to $750,000.

Property price ($)

How will you use it?

I'm a first home buyer Buying off the plan Foreign purchaser (+8% additional duty)

Estimated stamp duty

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How it works

Exemption and concession thresholds

Dutiable value	First home buyer duty
Up to $600,000	Full exemption ($0)
$600,001 – $750,000	Reduced duty on a sliding scale (we estimate: normal duty × (value − $600,000) ÷ $150,000 — confirm with the SRO calculator)
Over $750,000	Normal duty

Worked examples

$550,000 home: $0 (normal duty $28,070).
$675,000 home: $17,785 — half of the normal $35,570.
$750,000 home: $40,070 — no concession.

Who is eligible?

All purchasers must be individuals aged 18+, buying at market value as their home; at least one must be an Australian citizen, New Zealand citizen or permanent resident. You're not eligible if you, your spouse or partner previously received a First Home Owner Grant or first home buyer duty relief, owned a residential home in Australia before 1 July 2000, or owned and lived in a home for 6+ continuous months since then. At least one purchaser must live in the home for 12 continuous months within 12 months of settlement. Check full conditions with the SRO. You may also qualify for the $10,000 First Home Owner Grant on new (never-occupied) homes valued up to $750,000.

Frequently asked questions

What is the first home buyer stamp duty threshold in Victoria?

Full exemption up to $600,000; a concession applies from $600,001 to $750,000.

Do I have to live in the home?

Yes. You must occupy the property as your principal place of residence for at least 12 continuous months, starting within 12 months of settlement.

Can I combine the off-the-plan concession with the first home buyer exemption?

Yes, the exemption or concession applies to the dutiable value after the off-the-plan reduction, where eligible.

Sources & rates

Rates checked 25 October 2026.

General information only — not financial, tax or legal advice. Results are estimates based on published government rates and simplified assumptions, and do not consider your personal circumstances. Always confirm with the State Revenue Office, the ATO, your lender, a licensed mortgage broker or a qualified adviser before making decisions.