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.
Ray White Cheltenham
0421 274 996
Specialising in real estate for sale in Cheltenham, Mentone and surrounds.