First Home Buyer Stamp Duty on $1,000,000 in Victoria (2025-26)
First home buyers purchasing a $1,000,000 property in Victoria pay $55,000 in stamp duty, compared to the standard rate of $55,000. That's a saving of $0. This page compares standard and FHB duty, and shows how VIC compares to other states.
FHB stamp duty $55,000.00 First home buyer duty on $1,000,000 in VIC
FHB vs Standard Duty Breakdown
| Purchase price | $1,000,000 |
| Standard stamp duty | $55,000.00 |
| First home buyer duty | $55,000.00 |
| FHB saving | $0.00 |
| Transfer registration fee | $2,400.00 |
| Mortgage registration fee | $129.00 |
| Total upfront government costs (FHB) | $57,529.00 |
| Effective FHB stamp duty rate | 5.50% |
VIC First Home Buyer Concession
Victoria provides a full stamp duty exemption for first home buyers on properties up to $600,000, with a concession for properties between $600,000 and $750,000.
Use our VIC First Home Buyer Calculator to check your eligibility and get a personalised breakdown.
Compare Nearby FHB Prices in VIC
| Price | Standard Duty | FHB Duty | Saving |
|---|---|---|---|
| $900,000 | $49,070.00 | $49,070.00 | $0.00 |
| $1,000,000 | $55,000.00 | $55,000.00 | $0.00 |
Compare FHB Duty on $1,000,000 Across States
Frequently Asked Questions
How much stamp duty do first home buyers pay on a $1,000,000 property in VIC?
First home buyers purchasing a $1,000,000 property in Victoria pay $55,000 in stamp duty. This compares to the standard rate of $55,000, representing a saving of $0. Including transfer and mortgage registration fees, total upfront government costs are $57,529.
How much do first home buyers save on stamp duty for $1M in VIC?
First home buyers save $0 on stamp duty for a $1,000,000 property in Victoria. The standard stamp duty is $55,000, while the first home buyer rate is $55,000. Victoria provides a full stamp duty exemption for first home buyers on properties up to $600,000, with a concession for properties between $600,000 and $750,000.
What are the eligibility requirements for first home buyer stamp duty concessions in VIC?
Eligibility for first home buyer stamp duty concessions in Victoria typically requires that you are an Australian citizen or permanent resident, have never owned property in Australia before, and intend to live in the property as your principal place of residence. Victoria provides a full stamp duty exemption for first home buyers on properties up to $600,000, with a concession for properties between $600,000 and $750,000. Use our VIC First Home Buyer Calculator for a detailed eligibility check.
Need a detailed FHB calculation?
Our interactive VIC First Home Buyer Calculator lets you enter any property value and see a full breakdown of FHB duty, concessions, and eligibility.
Not a first home buyer? See the standard stamp duty on $1,000,000 in VIC.