Stamp Duty on $1,600,000 in VIC
Stamp duty on a $1,600,000 property in VIC (Victoria) is $88,000.00 at the general rate. Change the price or buyer below to recalculate with official Victoria rates.
Advertisement
Stamp duty on $1,600,000 in VIC by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $88,000.00 | 5.5% |
| Home you will live in | $88,000.00 | 5.5% |
| First home buyer, established home | $88,000.00 | 5.5% |
| First home buyer, new home | $88,000.00 | 5.5% |
| Foreign buyer (duty plus surcharge) | $216,000.00 | 13.5% |
How the $1,600,000 figure is worked out
- General rate: 5.5% of the whole $1,600,000.
First home buyers: No first home buyer concession above $750,000.
Advertisement
Stamp duty near $1,600,000 in VIC
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $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 |
| $1,600,000 | $88,000 | $88,000 |
| Stamp duty on $1,750,000 | $96,250 | $96,250 |
| Stamp duty on $2,000,000 | $110,000 | $110,000 |
| Stamp duty on $2,500,000 | $142,500 | $142,500 |
$1,600,000 stamp duty in every state
At $1,600,000, Victoria ranks number 8 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Tasmania | $67,185 |
| New South Wales | $69,287 |
| Queensland | $72,525 |
| Australian Capital Territory | $72,640 |
| Western Australia | $73,516 |
| Northern Territory | $79,200 |
| South Australia | $81,830 |
| Victoria | $88,000 |
Frequently asked questions
How much is stamp duty on $1,600,000 in VIC?
Stamp duty on a $1,600,000 property in Victoria is $88,000.00 at the general rate. That is 5.5% of the price. First home buyer relief does not reduce duty on an established home at $1,600,000; the buyer pays $88,000.00.
Do first home buyers pay stamp duty on $1,600,000 in VIC?
First home buyer relief does not reduce duty on an established home at $1,600,000; the buyer pays $88,000.00.
How much stamp duty does a foreign buyer pay on $1,600,000 in VIC?
$216,000.00 in total: $88,000.00 transfer duty plus $128,000.00 foreign purchaser additional duty (8%).
Sources
Advertisement