Stamp Duty on $1,300,000 in VIC
Stamp duty on a $1,300,000 property in VIC (Victoria) is $71,500.00 at the general rate. Change the price or buyer below to recalculate with official Victoria rates.
Advertisement
Stamp duty on $1,300,000 in VIC by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $71,500.00 | 5.5% |
| Home you will live in | $71,500.00 | 5.5% |
| First home buyer, established home | $71,500.00 | 5.5% |
| First home buyer, new home | $71,500.00 | 5.5% |
| Foreign buyer (duty plus surcharge) | $175,500.00 | 13.5% |
How the $1,300,000 figure is worked out
- General rate: 5.5% of the whole $1,300,000.
First home buyers: No first home buyer concession above $750,000.
Advertisement
Stamp duty near $1,300,000 in VIC
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $1,000,000 | $55,000 | $55,000 |
| Stamp duty on $1,100,000 | $60,500 | $60,500 |
| Stamp duty on $1,200,000 | $66,000 | $66,000 |
| $1,300,000 | $71,500 | $71,500 |
| Stamp duty on $1,400,000 | $77,000 | $77,000 |
| Stamp duty on $1,500,000 | $82,500 | $82,500 |
| Stamp duty on $1,600,000 | $88,000 | $88,000 |
$1,300,000 stamp duty in every state
At $1,300,000, Victoria ranks number 8 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| New South Wales | $52,787 |
| Tasmania | $53,685 |
| Queensland | $55,275 |
| Australian Capital Territory | $56,150 |
| Western Australia | $58,066 |
| Northern Territory | $64,350 |
| South Australia | $65,330 |
| Victoria | $71,500 |
Frequently asked questions
How much is stamp duty on $1,300,000 in VIC?
Stamp duty on a $1,300,000 property in Victoria is $71,500.00 at the general rate. That is 5.5% of the price. First home buyer relief does not reduce duty on an established home at $1,300,000; the buyer pays $71,500.00.
Do first home buyers pay stamp duty on $1,300,000 in VIC?
First home buyer relief does not reduce duty on an established home at $1,300,000; the buyer pays $71,500.00.
How much stamp duty does a foreign buyer pay on $1,300,000 in VIC?
$175,500.00 in total: $71,500.00 transfer duty plus $104,000.00 foreign purchaser additional duty (8%).
Sources
Advertisement