Stamp Duty on $3,000,000 in VIC
Stamp duty on a $3,000,000 property in VIC (Victoria) is $175,000.00 at the general rate. Change the price or buyer below to recalculate with official Victoria rates.
Stamp duty on $3,000,000 in VIC by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $175,000.00 | 5.83% |
| Home you will live in | $175,000.00 | 5.83% |
| First home buyer, established home | $175,000.00 | 5.83% |
| First home buyer, new home | $175,000.00 | 5.83% |
| Foreign buyer (duty plus surcharge) | $415,000.00 | 13.83% |
How the $3,000,000 figure is worked out
- General rate: $110,000.00 plus 6.5% of the $1,000,000 above $2,000,000.
First home buyers: No first home buyer concession above $750,000.
Stamp duty near $3,000,000 in VIC
| Price | General rate | Home buyer |
|---|---|---|
| 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 |
| $3,000,000 | $175,000 | $175,000 |
$3,000,000 stamp duty in every state
At $3,000,000, Victoria ranks number 8 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Tasmania | $130,185 |
| Australian Capital Territory | $136,200 |
| Western Australia | $145,616 |
| New South Wales | $146,287 |
| Queensland | $153,025 |
| South Australia | $158,830 |
| Northern Territory | $172,500 |
| Victoria | $175,000 |
Frequently asked questions
How much is stamp duty on $3,000,000 in VIC?
Stamp duty on a $3,000,000 property in Victoria is $175,000.00 at the general rate. That is 5.83% of the price. First home buyer relief does not reduce duty on an established home at $3,000,000; the buyer pays $175,000.00.
Do first home buyers pay stamp duty on $3,000,000 in VIC?
First home buyer relief does not reduce duty on an established home at $3,000,000; the buyer pays $175,000.00.
How much stamp duty does a foreign buyer pay on $3,000,000 in VIC?
$415,000.00 in total: $175,000.00 transfer duty plus $240,000.00 foreign purchaser additional duty (8%).