Stamp Duty on $2,000,000 in Victoria (2025-26)

Stamp duty on a $2,000,000 property in Victoria is estimated at $110,000. Including transfer and mortgage registration fees, upfront government costs are about $113,736. This page breaks down each amount and shows concession scenarios.

Stamp duty in Victoria

Victoria calculates transfer duty on a progressive scale and offers a Principal Place of Residence (PPR) concession that reduces duty for owner-occupiers. The PPR concession can save thousands compared to the general (investor) rate. Victoria also has a First Home Owner Grant of $10,000 for new homes up to $750,000, plus stamp duty exemptions for first home buyers on properties up to $600,000.

Policy note: Victoria offers off-the-plan concessions that allow buyers to pay stamp duty on the land value only (not the finished value) if purchasing before construction is complete. This can significantly reduce duty on apartments and townhouses. The concession was modified in 2024 — check current eligibility.

Foreign buyer surcharge: Foreign buyers in Victoria pay an 8% surcharge plus an additional 2% absentee owner surcharge on land tax annually. Combined, these add substantially to the cost of property ownership.

Stamp duty $110,000.00 VIC transfer duty on $2,000,000

Effective rate 5.50%

Total upfront $113,736.00

Transfer fee $3,607.00

Cost Breakdown

Purchase price	$2,000,000
Stamp duty (VIC)	$110,000.00
PPR (Principal Place of Residence) duty	$110,000.00
Transfer registration fee	$3,607.00
Mortgage registration fee	$129.00
Total upfront government costs	$113,736.00
Effective stamp duty rate	5.50%

First Home Buyer Concession

Standard stamp duty	$110,000.00
First home buyer duty	$110,000.00
FHB saving	$0.00

Use our VIC First Home Buyer Calculator to check eligibility and get a detailed breakdown.

Compare Nearby Prices in VIC

Price	Stamp Duty	Effective Rate
$1,750,000	$96,250.00	5.50%
$2,000,000	$110,000.00	5.50%
$2,500,000	$142,500.00	5.70%

Compare $2,000,000 Across States

State	Stamp Duty	Effective Rate
NSW	$92,012.00	4.60%
VIC	$110,000.00	5.50%
QLD	$95,525.00	4.78%
SA	$103,830.00	5.19%
WA	$94,116.00	4.71%
TAS	$85,185.00	4.26%
NT	$99,000.00	4.95%
ACT	$90,800.00	4.54%

Buying in this price range

At $1.3 million to $2 million, stamp duty is a six-figure cost in most states — ranging from $50,000 to over $90,000. Properties at this level include family homes in desirable suburbs, prestige apartments, and investment-grade houses. No first home buyer concessions apply. The ACT's stamp duty abolition pathway means its rates are comparatively lower, while NSW and VIC have the highest absolute duty at this level.

Stamp duty negotiation leverage

At $1.5 million, stamp duty in NSW is approximately $67,000. In negotiations, a $50,000 reduction in purchase price saves both the price difference and reduces stamp duty by approximately $2,000-$3,000. Include stamp duty savings when evaluating counter-offers.

Consider land tax implications

At this price range, investment properties will likely attract annual land tax in addition to stamp duty. Land tax thresholds vary by state — NSW starts at $1,075,000 (land value, not property value). Owner-occupied homes are generally exempt from land tax in all states.

Typical buyers: High-income professionals, executives, families upgrading to premium suburbs, and investors in established residential markets.

Frequently Asked Questions

How much is stamp duty on a $2,000,000 property in VIC?

Stamp duty on a $2,000,000 property in Victoria is $110,000. This represents an effective stamp duty rate of 5.50% of the purchase price. Including transfer and mortgage registration fees, total upfront government costs are $113,736.

What are the total upfront costs on a $2M property in VIC?

For a $2,000,000 property in Victoria, total upfront government costs are approximately $113,736. This includes stamp duty of $110,000, a transfer registration fee of $3,607, and a mortgage registration fee of $129.

Do first home buyers get a discount on $2M in VIC?

At $2,000,000, first home buyer concessions in Victoria do not reduce the stamp duty amount. The concession thresholds are below this price point. Standard stamp duty of $110,000 applies.

What is the PPR (Principal Place of Residence) stamp duty on $2M in VIC?

The PPR (Principal Place of Residence) stamp duty on a $2,000,000 property in Victoria is $110,000, the same as the general rate at this price point.

How is stamp duty calculated in VIC?

Victoria uses a progressive bracket system for stamp duty. The rate increases as the property value rises, similar to income tax brackets. Only the portion of the price within each bracket is taxed at that bracket's rate. Use our interactive VIC Stamp Duty Calculator for a detailed breakdown.

Need a detailed calculation?

Our interactive VIC Stamp Duty Calculator lets you enter any property value and see a full breakdown of duty, fees, and concessions.

First home buyer? Check your eligibility with the VIC First Home Buyer Calculator.