Stamp Duty on $600,000 in VIC
Stamp duty on a $600,000 property in VIC (Victoria) is $31,070.00 at the general rate. Change the price or buyer below to recalculate with official Victoria rates.
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Stamp duty on $600,000 in VIC by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $31,070.00 | 5.18% |
| Home you will live in | $31,070.00 | 5.18% |
| First home buyer, established home | $0.00 | 0% |
| First home buyer, new home | $0.00 | 0% |
| Foreign buyer (duty plus surcharge) | $79,070.00 | 13.18% |
How the $600,000 figure is worked out
- General rate: $2,870.00 plus 6% of the $470,000 above $130,000.
First home buyers: Full exemption: dutiable value $600,000 or less.
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Stamp duty near $600,000 in VIC
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $450,000 | $22,070 | $18,970 |
| Stamp duty on $500,000 | $25,070 | $21,970 |
| Stamp duty on $550,000 | $28,070 | $24,970 |
| $600,000 | $31,070 | $31,070 |
| Stamp duty on $650,000 | $34,070 | $34,070 |
| Stamp duty on $700,000 | $37,070 | $37,070 |
| Stamp duty on $750,000 | $40,070 | $40,070 |
$600,000 stamp duty in every state
At $600,000, Victoria ranks number 8 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Australian Capital Territory | $15,720 |
| Queensland | $20,025 |
| New South Wales | $21,187 |
| Tasmania | $22,498 |
| Western Australia | $22,515 |
| South Australia | $26,830 |
| Northern Territory | $29,700 |
| Victoria | $31,070 |
Frequently asked questions
How much is stamp duty on $600,000 in VIC?
Stamp duty on a $600,000 property in Victoria is $31,070.00 at the general rate. That is 5.18% of the price. An eligible first home buyer pays no duty on an established home at $600,000.
Do first home buyers pay stamp duty on $600,000 in VIC?
An eligible first home buyer pays no duty on an established home at $600,000.
How much stamp duty does a foreign buyer pay on $600,000 in VIC?
$79,070.00 in total: $31,070.00 transfer duty plus $48,000.00 foreign purchaser additional duty (8%).
Sources
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