Stamp Duty on $550,000 in VIC
Stamp duty on a $550,000 property in VIC (Victoria) is $28,070.00 at the general rate and $24,970.00 if you will live in it. Change the price or buyer below to recalculate with official Victoria rates.
Stamp duty on $550,000 in VIC by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $28,070.00 | 5.1% |
| Home you will live in | $24,970.00 | 4.54% |
| First home buyer, established home | $0.00 | 0% |
| First home buyer, new home | $0.00 | 0% |
| Foreign buyer (duty plus surcharge) | $72,070.00 | 13.1% |
How the $550,000 figure is worked out
- General rate: $2,870.00 plus 6% of the $420,000 above $130,000.
- Principal place of residence rates: $18,370.00 plus 6% of the $110,000 above $440,000.
First home buyers: Full exemption: dutiable value $600,000 or less.
Stamp duty near $550,000 in VIC
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $400,000 | $19,070 | $16,370 |
| Stamp duty on $450,000 | $22,070 | $18,970 |
| Stamp duty on $500,000 | $25,070 | $21,970 |
| $550,000 | $28,070 | $24,970 |
| Stamp duty on $600,000 | $31,070 | $31,070 |
| Stamp duty on $650,000 | $34,070 | $34,070 |
| Stamp duty on $700,000 | $37,070 | $37,070 |
$550,000 stamp duty in every state
At $550,000, Victoria ranks number 8 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Australian Capital Territory | $13,560 |
| Queensland | $17,775 |
| New South Wales | $18,937 |
| Western Australia | $20,140 |
| Tasmania | $20,373 |
| South Australia | $24,080 |
| Northern Territory | $27,225 |
| Victoria | $28,070 |
Frequently asked questions
How much is stamp duty on $550,000 in VIC?
Stamp duty on a $550,000 property in Victoria is $28,070.00 at the general rate, or $24,970.00 for a home you will live in (principal place of residence rates). That is 5.1% of the price. An eligible first home buyer pays no duty on an established home at $550,000.
Do first home buyers pay stamp duty on $550,000 in VIC?
An eligible first home buyer pays no duty on an established home at $550,000.
How much stamp duty does a foreign buyer pay on $550,000 in VIC?
$72,070.00 in total: $28,070.00 transfer duty plus $44,000.00 foreign purchaser additional duty (8%).