Stamp Duty on $650,000 in VIC
Stamp duty on a $650,000 property in VIC (Victoria) is $34,070.00 at the general rate. Change the price or buyer below to recalculate with official Victoria rates.
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Stamp duty on $650,000 in VIC by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $34,070.00 | 5.24% |
| Home you will live in | $34,070.00 | 5.24% |
| First home buyer, established home | $11,356.67 | 1.75% |
| First home buyer, new home | $11,356.67 | 1.75% |
| Foreign buyer (duty plus surcharge) | $86,070.00 | 13.24% |
How the $650,000 figure is worked out
- General rate: $2,870.00 plus 6% of the $520,000 above $130,000.
First home buyers: Concession: duty × (value − $600,000) ÷ $150,000 (Duties Act 2000 s 57JA(3)).
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Stamp duty near $650,000 in VIC
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $500,000 | $25,070 | $21,970 |
| Stamp duty on $550,000 | $28,070 | $24,970 |
| Stamp duty on $600,000 | $31,070 | $31,070 |
| $650,000 | $34,070 | $34,070 |
| Stamp duty on $700,000 | $37,070 | $37,070 |
| Stamp duty on $750,000 | $40,070 | $40,070 |
| Stamp duty on $800,000 | $43,070 | $43,070 |
$650,000 stamp duty in every state
At $650,000, Victoria ranks number 8 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Australian Capital Territory | $17,880 |
| Queensland | $22,275 |
| New South Wales | $23,437 |
| Tasmania | $24,623 |
| Western Australia | $24,890 |
| South Australia | $29,580 |
| Northern Territory | $32,175 |
| Victoria | $34,070 |
Frequently asked questions
How much is stamp duty on $650,000 in VIC?
Stamp duty on a $650,000 property in Victoria is $34,070.00 at the general rate. That is 5.24% of the price. An eligible first home buyer pays $11,356.67 on an established home.
Do first home buyers pay stamp duty on $650,000 in VIC?
An eligible first home buyer pays $11,356.67 on an established home.
How much stamp duty does a foreign buyer pay on $650,000 in VIC?
$86,070.00 in total: $34,070.00 transfer duty plus $52,000.00 foreign purchaser additional duty (8%).
Sources
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