Stamp Duty on $700,000 in Victoria
Standard buyer
$37,070
5.30% effective rate
First home buyer
$24,713
Saves $12,357
Foreign buyer
$93,070
Includes surcharge
Land Transfer Duty breakdown: $700,000 in Victoria
| Buyer type | Base duty | Adjustment | Total duty |
|---|---|---|---|
| Standard (owner-occupier/investor) | $37,070 | — | $37,070 |
| First home buyer (established) | $37,070 | −$12,357 | $24,713 |
| First home buyer (new build) | $37,070 | −$12,357 | $24,713 |
| Foreign purchaser | $37,070 | +$56,000 | $93,070 |
FY2025-26 rates. Verify with your state revenue office before proceeding.
Frequently asked questions
How much stamp duty on $700,000 in Victoria?
A standard owner-occupier or investor pays $37,070 in land transfer duty on a $700,000 property in Victoria (FY2025-26). This is an effective rate of 5.30%.
Do first home buyers pay stamp duty on $700,000 in Victoria?
Yes, but with a concession. First home buyers purchasing an established home at $700,000 in Victoria pay $24,713, a saving of $12,357 compared to the standard rate. First Home Buyer duty exemption ≤ $600k. Graduated reduction for $600k–$750k. No concession above $750k.
What is the total upfront cost for a $700,000 property in Victoria?
For a standard buyer, the total upfront cost (purchase price + land transfer duty) is $737,070. This does not include conveyancing fees, building inspection, or mortgage costs.