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.
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
