This table shows the rates of duty that apply when you buy a home, which is also referred to as your principal place of residence (PPR).
You may be entitled to a 50% land transfer (stamp) duty waiver if you bought Victorian residential property with a dutiable value of up to $1 million and you signed your contract on or after 25 November 2020 and before 1 July 2021.
If you are buying your first home, there are different duty consequences. You may be eligible for an exemption or concession from duty.
|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 - $440,000||$2870 plus 5% of the dutiable value in excess of $130,000|
|> $440,000 - $550,000||$18,370 plus 6% of the dutiable value in excess of $440,000|
|More than $550,000||The principal place of residence concessional rate does not apply. Please refer to the general land transfer duty rates|