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This table sets out the general rates of duty that apply when you buy dutiable property. These rates apply to contracts entered into on or after 1 July 2021.

For contracts entered into before 1 July 2021 or for a dutiable transaction or acquisition of an interest in a landholder that was made pursuant to an agreement or arrangement entered into before 1 July 2021, please see our historical rates page.

There may be different duty consequences when you buy your first home (principal place of residence).

If you buy a new residential property within the City of Melbourne local government area with a dutiable value up to $1 million, you may be entitled to a land transfer (stamp) duty concession of 50% or exemption. Different contract dates apply to the concession and the exemption.  

There may also be different duty consequences when you buy a subsequent home if its dutiable value is more than $130,000 but not more than $550,000.

 

Dutiable value range Rate
$0 - $25,000 1.4% of the dutiable value of the property
> $25,000 - $130,000 $350 plus 2.4% of the dutiable value in excess of $25,000
> $130,000 - $960,000 $2870 plus 6% of the dutiable value in excess of $130,000
>$960,000 - $2,000,000 5.5% of the dutiable value
More than $2,000,000 $110,000 plus 6.5% of the dutiable value in excess of $2,000,000

Calculate your land transfer duty

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View historical rates

Last modified: 26 August 2021
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