VIC First Home Buyer Stamp Duty Calculator

See how much you can save on stamp duty as a first home buyer in Victoria. Properties up to $600,000 are completely exempt from duty.

Updated for 2025-26. Effective from 1 July 2023.

Full exemption up to $600,000. Sliding scale $600,001-$750,000.

Select a preset:

Enter a property price to estimate your first home buyer stamp duty savings in Victoria.

Victorian first home buyer concessions

Victoria's concession thresholds:

Property valueConcessionYou pay
$0 – $600,000Full exemption$0 duty
$600,001 – $750,000Sliding scaleProportional duty *
Over $750,000NoneFull duty

* Sliding scale formula: Standard duty × [(Value - $600,000) / $150,000]

Eligibility requirements

Vacant land concessions

For vacant land where you'll build your first home:

First Home Owner Grant (FHOG)

Victoria offers a $10,000 First Home Owner Grant for new homes valued up to $750,000. This is separate from stamp duty concessions and can be received in addition.

Regional Victoria buyers may receive additional benefits through the Victorian Homebuyer Fund.

FAQ

What about the Victorian property tax?

First home buyers with properties under $1 million can opt into the new Victorian Property Tax scheme (annual payments instead of upfront duty). This calculator shows traditional stamp duty - speak to your conveyancer about which option suits you.

Does the foreign purchaser surcharge apply?

Australian citizens and permanent residents are exempt. Temporary residents and foreign buyers pay an additional 8% surcharge on top of standard duty.

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Next step: Mortgage App

Move from Victorian duty savings into the borrowing decision

The duty exemption tells you the upfront tax saving. Use the mortgage app next to pressure-test repayments, offsets, and pre-approval range before narrowing your price cap.

Repayment calculator Offset calculator Preapproval guide
Open first home borrowing workflow

VIC first home buyer concessions confirmed January 2025. Source: State Revenue Office Victoria.