This table sets out the general rates of duty that apply when you buy dutiable property. These rates apply to contracts entered into on or after 1 July 2021.
For contracts entered into before 1 July 2021 or for a dutiable transaction or acquisition of an interest in a landholder that was made pursuant to an agreement or arrangement entered into before 1 July 2021, please see our historical rates.
There may be different duty consequences when you buy your first home (principal place of residence).
If you buy a new residential property within the City of Melbourne local government area with a dutiable value up to $1 million, you may be entitled to a land transfer (stamp) duty concession of 50% or exemption. Different contract dates apply to the concession and the exemption.
There may also be different duty consequences when you buy a subsequent home if its dutiable value is more than $130,000 but not more than $550,000.
|Dutiable value range||Rate|
|$0 - $25,000||1.4% of the dutiable value of the property|
|> $25,000 - $130,000||$350 plus 2.4% of the dutiable value in excess of $25,000|
|> $130,000 - $960,000||$2870 plus 6% of the dutiable value in excess of $130,000|
|>$960,000 - $2,000,000||5.5% of the dutiable value|
|More than $2,000,000||$110,000 plus 6.5% of the dutiable value in excess of $2,000,000|