Stamp Duty on $2,500,000 in VIC
Stamp duty on a $2,500,000 property in VIC (Victoria) is $142,500.00 at the general rate. Change the price or buyer below to recalculate with official Victoria rates.
Stamp duty on $2,500,000 in VIC by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $142,500.00 | 5.7% |
| Home you will live in | $142,500.00 | 5.7% |
| First home buyer, established home | $142,500.00 | 5.7% |
| First home buyer, new home | $142,500.00 | 5.7% |
| Foreign buyer (duty plus surcharge) | $342,500.00 | 13.7% |
How the $2,500,000 figure is worked out
- General rate: $110,000.00 plus 6.5% of the $500,000 above $2,000,000.
First home buyers: No first home buyer concession above $750,000.
Stamp duty near $2,500,000 in VIC
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $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 |
| $2,500,000 | $142,500 | $142,500 |
| Stamp duty on $3,000,000 | $175,000 | $175,000 |
$2,500,000 stamp duty in every state
At $2,500,000, Victoria ranks number 8 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Tasmania | $107,685 |
| Australian Capital Territory | $113,500 |
| New South Wales | $118,787 |
| Western Australia | $119,866 |
| Northern Territory | $123,750 |
| Queensland | $124,275 |
| South Australia | $131,330 |
| Victoria | $142,500 |
Frequently asked questions
How much is stamp duty on $2,500,000 in VIC?
Stamp duty on a $2,500,000 property in Victoria is $142,500.00 at the general rate. That is 5.7% of the price. First home buyer relief does not reduce duty on an established home at $2,500,000; the buyer pays $142,500.00.
Do first home buyers pay stamp duty on $2,500,000 in VIC?
First home buyer relief does not reduce duty on an established home at $2,500,000; the buyer pays $142,500.00.
How much stamp duty does a foreign buyer pay on $2,500,000 in VIC?
$342,500.00 in total: $142,500.00 transfer duty plus $200,000.00 foreign purchaser additional duty (8%).