$
Estimated land transfer duty
$40,070
Standard duty
$40,070
FHB saving
$0
Indicative owner-occupier estimate only. Excludes registration fees, foreign purchaser surcharges and other schemes. Confirm with the State Revenue Office Victoria or a broker.
VIC first home buyer concessions
- Full exemption for first home buyers on homes valued up to $600,000.
- Sliding concession between $600,001 and $750,000.
- Above $750,000 standard duty applies; between $960,000 and $2m duty is a flat 5.5% of the value.
- You must live in the home for 12 months, starting within 12 months of settlement.
Want to know exactly what you'll pay?
A broker can confirm your concessions, grants and the 5% deposit scheme in a free 15-minute chat.