What is the VIC first home buyer duty exemption?

Victoria offers a full stamp duty exemption for first home buyers purchasing properties valued up to $600,000. A sliding scale concession applies between $600,001 and $750,000. Properties over $750,000 receive no concession.

What is the Victorian First Home Owner Grant?

The $10,000 FHOG applies to new homes valued up to $750,000. It's separate from stamp duty concessions - you can receive both if eligible. Regional buyers may receive additional benefits.

First home buyer

VIC First Home Buyer Stamp Duty Calculator

See how much you can save on stamp duty as a first home buyer in Victoria. Properties up to $600,000 are completely exempt from duty.

Updated for 2025-26. Effective from 1 July 2023.

Exempt ≤ $600K Sliding $600K–$750K $10K FHOG

01 —INPUTS

Property price

Full exemption up to $600,000. Sliding scale $600,001-$750,000.

02 —RESULTS

Enter a property price to estimate your first home buyer stamp duty savings in Victoria.

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Victorian first home buyer concessions

Victoria's concession thresholds:

Property value	Concession	You pay
$0 – $600,000	Full exemption	$0 duty
$600,001 – $750,000	Sliding scale	Proportional duty *
Over $750,000	None	Full duty

* Sliding scale formula: Standard duty × [(Value − $600,000) / $150,000]

Eligibility requirements

→ You must be 18 years or older

→ Australian citizen or permanent resident

→ Never owned residential property in Australia

→ Move into the property within 12 months of settlement

→ Live there as your principal residence for at least 12 continuous months

Vacant land concessions

For vacant land where you'll build your first home:

Full exemption Up to $400,000

Sliding scale $400,001 – $500,000

First Home Owner Grant (FHOG)

Victoria offers a $10,000 First Home Owner Grant for new homes valued up to $750,000. This is separate from stamp duty concessions and can be received in addition.

Regional Victoria buyers may receive additional benefits through the Victorian Homebuyer Fund.

FAQ

What about the Victorian property tax?

First home buyers with properties under $1 million can opt into the new Victorian Property Tax scheme (annual payments instead of upfront duty). This calculator shows traditional stamp duty - speak to your conveyancer about which option suits you.

Does the foreign purchaser surcharge apply?

Australian citizens and permanent residents are exempt. Temporary residents and foreign buyers pay an additional 8% surcharge on top of standard duty.

Tax Accuracy & Sources

Reviewed: March 2026 · Tax year: 2025-26

Estimates Victorian stamp duty savings for first home buyers including the full exemption (up to $600,000) and sliding scale concession (up to $750,000). Does not cover the Victorian Property Tax annual charge option, trusts, or vacant land concessions.

Planning your first home purchase?

Compare stamp duty concessions, grants, and FHSS savings across all Australian states in one place.

View the First-Home Buyer Guide →

VIC First Home Buyer Stamp Duty Calculator

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Tax Accuracy & Sources

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