Stamp Duty on $2,000,000 in Victoria
Standard buyer
$110,000
5.50% effective rate
First home buyer
$110,000
No concession at this price
Foreign buyer
$270,000
Includes surcharge
Land Transfer Duty breakdown: $2,000,000 in Victoria
| Buyer type | Base duty | Adjustment | Total duty |
|---|---|---|---|
| Standard (owner-occupier/investor) | $110,000 | — | $110,000 |
| First home buyer (established) | $110,000 | — | $110,000 |
| First home buyer (new build) | $110,000 | — | $110,000 |
| Foreign purchaser | $110,000 | +$160,000 | $270,000 |
FY2025-26 rates. Verify with your state revenue office before proceeding.
Frequently asked questions
How much stamp duty on $2,000,000 in Victoria?
A standard owner-occupier or investor pays $110,000 in land transfer duty on a $2,000,000 property in Victoria (FY2025-26). This is an effective rate of 5.50%.
Do first home buyers pay stamp duty on $2,000,000 in Victoria?
First home buyers in Victoria do not receive a land transfer duty concession at $2,000,000. The standard rate of $110,000 applies. Most concessions in Victoria cut off below this price point.
What is the total upfront cost for a $2,000,000 property in Victoria?
For a standard buyer, the total upfront cost (purchase price + land transfer duty) is $2,110,000. This does not include conveyancing fees, building inspection, or mortgage costs.