Stamp duty is a Victorian State Government tax based on the sale price of a property. It is paid by the buyer when property ownership is transferred. It is calculated as a percentage of the purchase price or the market value of the property, whichever is the greater. Duty applies to the GST inclusive price of a new property.
There are two sets of stamp duty rates:
Duty exemptions may apply for certain concession card holders and first home buyers with children. Refer to the State Revenue Office for complete details.