Stamp Duty · Calculator
First Home Buyer Stamp Duty on $650,000 in Victoria (2026-27)
First home buyers purchasing a $650,000 property in Victoria pay $11,357 in stamp duty, compared to the standard rate of $34,070. That's a saving of $22,713. This page compares standard and FHB duty, and shows how VIC compares to other states.
FHB stamp duty $11,357.00 First home buyer duty on $650,000 in VIC
Standard duty $34,070.00
FHB saving $22,713.00
Effective rate 1.75%
FHB vs Standard Duty Breakdown
| Purchase price | $650,000 |
| Standard stamp duty | $34,070.00 |
| First home buyer duty | $11,357.00 |
| FHB saving | $22,713.00 |
| Transfer registration fee | $1,623.00 |
| Mortgage registration fee | $126.00 |
| Total upfront government costs (FHB) | $13,105.00 |
| Effective FHB stamp duty rate | 1.75% |
VIC First Home Buyer Concession
Victoria gives first home buyers a full stamp duty exemption on eligible homes up to $600,000, with a concessional (reduced) rate between $600,000 and $750,000. Above that, standard duty applies.
At $650,000, VIC first home buyers fall in the concessional band: reduced duty of $11,357 instead of the standard $34,070 — a $22,713 saving.
Key first home buyer facts in VIC
| First Home Owner Grant | $10,000.00 |
| Grant property-value cap | $750,000.00 |
| Grant applies to | New homes only |
| Move in within | 12 months of settlement |
| Minimum residence | 12 months |
| FHSS super-saver scheme | Available |
VIC first home buyer policy highlights
→ Full stamp duty exemption on properties up to $600,000
→ Concessional stamp duty on properties between $600,000 and $750,000
→ $10,000 First Home Owner Grant for new homes up to $750,000
→ Principal Place of Residence (PPR) concession available for non-FHB owner-occupiers
→ FHSS scheme available to boost your deposit savings through super
Use our VIC First Home Buyer Calculator to check your eligibility and get a personalised breakdown.
Compare Nearby FHB Prices in VIC
Compare FHB Duty on $650,000 Across States
Frequently asked questions
How much stamp duty do first home buyers pay on a $650,000 property in VIC?
First home buyers purchasing a $650,000 property in Victoria pay $11,357 in stamp duty. This compares to the standard rate of $34,070, representing a saving of $22,713. Including transfer and mortgage registration fees, total upfront government costs are $13,105.
How much do first home buyers save on stamp duty for $650k in VIC?
First home buyers save $22,713 on stamp duty for a $650,000 property in Victoria. The standard stamp duty is $34,070, while the first home buyer rate is $11,357. Victoria gives first home buyers a full stamp duty exemption on eligible homes up to $600,000, with a concessional (reduced) rate between $600,000 and $750,000. Above that, standard duty applies.
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 gives first home buyers a full stamp duty exemption on eligible homes up to $600,000, with a concessional (reduced) rate between $600,000 and $750,000. Above that, standard duty applies. Use our VIC First Home Buyer Calculator for a detailed eligibility check.
What is the difference between the FHB exemption and PPR concession in Victoria?
The FHB exemption is specifically for first home buyers and provides full stamp duty exemption up to $600,000 or concessions up to $750,000. The PPR concession is for any owner-occupier (including non-first-home-buyers) and provides a reduced duty rate. First home buyers should always claim the FHB exemption as it provides a greater benefit.
Can I get the FHOG for an off-the-plan apartment in Victoria?
Yes, the $10,000 FHOG is available for new homes including off-the-plan apartments, provided the total value (including land) does not exceed $750,000. You must be buying your first home and intend to live in it for at least 12 months.
Is there a residency requirement for Victoria's first home buyer benefits?
Yes, you must be an Australian citizen or permanent resident, and you must live in the property as your principal place of residence for a continuous period of at least 12 months, commencing within 12 months of settlement.
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 $650,000 in VIC.