Victorian Stamp Duty Explained

stamp-duty

 

 

 

 

 

Stamp duty is a charge which is applied by state governments in Australia and is in relation to the transfer of land. When buying a home and/or land, the duty payable may vary for investment properties, principal place of residence and there are also concessions available for some people also.

How much stamp duty will I have to pay?

This calculator will assist in providing you with the approximate stamp duty you will need to pay on property purchases and mortgages for your Victorian property. The link also includes other Australian states and territories’ stamp duty as well (for those of you looking to invest/purchase outside of Victoria).
Click here for Stamp Duty calculator

Bonus for Victorian First Home Buyers

From January 1, 2013 the Victorian government improved the existing 20% discount to 30% up to a full purchase price of $600,000.
The stamp duty reduction boosts to 40% on January 1, 2014 and subsequently to 50% on September 1, 2014.

For further information about Stamp Duty or other queries, contact the Victorian land titles office on 03 9628 6777.

 

Peter Konidaris
Ray White Cheltenham
0421 274 996
peter.konidaris@raywhite.com
Specialising in real estate for sale in Cheltenham, Mentone and surrounds. 

Disclaimer: All information on the website is for general information only and is subject to change. Prior to making a commitment you should conduct your own enquiries regarding property details and consult relevant legal, financial or other professional guidance you consider necessary.
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