Stamp duty for first home buyers in Victoria

See the rates, exemptions, and how much you could save as a first home buyer.

First home buyer exemptions

New home

No stamp duty on new homes up to $600K. Sliding concession from $600K to $750K.

Existing home

No stamp duty up to $600K. Sliding concession from $600K to $750K.

Vacant land

No stamp duty on vacant land up to $400K. Sliding concession to $500K.

Standard stamp duty rates

These are the standard rates before any first home buyer concessions.

Property value Rate
$0 – $25,000 1.40%
$25,001 – $130,000 $350 + 2.40%
$130,001 – $440,000 $2,870 + 5.00%
$440,001 – $550,000 $18,370 + 6.00%
$550,001 – $960,000 $28,070 + 6.00%
$960,001 – $2,000,000 $55,000 + 5.50%
$2,000,001 – and above $110,000 + 6.50%

Example calculations

Standard stamp duty at common price points (before FHB concessions).

Property price Stamp duty
$400,000 $16,370
$500,000 $21,970
$600,000 $31,070
$700,000 $37,070
$800,000 $43,070
$900,000 $49,070

Calculate your exact stamp duty

Your details

Answer 5 quick questions and we'll show you everything you qualify for.

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You could save up to

$187,470

in grants and stamp duty savings

Get your free report

Personalised PDF with your grants, borrowing power, and savings — free, no sign-up.

Want the full action plan with step-by-step guidance? $29 one-time — see below.

Grants and schemes you qualify for

EligibleHelp to Buy (Shared Equity)
$150,000

Government buys 30% of your home ($150,000). You only need a 2% deposit ($10,000).

EligibleFirst Home Super Saver Scheme (FHSS)
$8,750

Save up to $8,750 in tax by putting money into your super before withdrawing it for a deposit.

EligibleFirst Home Guarantee (5% Deposit Scheme)
$6,750

Buy with 5% deposit. You avoid ~$6,750 in Lenders Mortgage Insurance.

Choose one: You can't use both the 5% Deposit Scheme and Help to Buy. Compare them in your personalised action plan to see which saves you more.
2 schemes you don't qualify for
Not eligibleFamily Home Guarantee (Single Parents)

Requires at least 1 dependent child.

Not eligibleFirst Home Owner Grant (VIC)

Only for new properties.

Stamp duty

Standard stamp duty$21,970
As a first home buyer, you pay$0
You save$21,970

No stamp duty up to $600K. Sliding concession from $600K to $750K.

What you'll pay upfront

These are the costs on top of your deposit.

Stamp duty (after savings)$0
Lenders Mortgage Insurance (LMI)$0
Conveyancer / solicitor$2,000
Building & pest inspection$650
Loan & registration fees$650
Total upfront costs$3,300

Your personalised action plan

1. Start salary sacrificing to your super under FHSS

You could save up to $8,750 in tax by making voluntary contributions to your super. Contact your employer or super fund to set up salary sacrifice. You can contribute up to $15,000 per year (max $50,000 total).

2. Choose between 5% Deposit Scheme and Help to Buy

You're eligible for both, but can only use one. The 5% Deposit Scheme lets you keep 100% ownership. Help to Buy means smaller repayments but the government owns 30%. Compare the what-if scenarios on the next page.

3. Get pre-approval from 2-3 lenders

Based on your income, you could borrow up to approximately $510,000. Get pre-approval from multiple lenders to compare rates and find the best deal.

6 personalised steps for your situation

How much you could borrow

Rough estimate based on income. Your actual amount depends on the lender.

Estimated max loan

$510,000

Monthly repayment (est.)$3,224/mo
If rates rise 2%$3,921/mo

Want your complete action plan?

Get a personalised PDF with everything you need to take the next step.

FeatureFree SnapshotFull Plan ($29)
Grants you qualify for✓✓
Borrowing power estimate✓✓
Detailed upfront costs breakdown—✓
Step-by-step action plan—✓
"What if" scenarios—✓
Scheme comparison (which to pick)—✓
Printable PDF for your broker—✓

One-time purchase. Instant download. Not financial advice.

See also: First home buyer grants in Victoria