Stamp Duty on $950,000 in VIC
Stamp duty on a $950,000 property in VIC (Victoria) is $52,070.00 at the general rate. Change the price or buyer below to recalculate with official Victoria rates.
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Stamp duty on $950,000 in VIC by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $52,070.00 | 5.48% |
| Home you will live in | $52,070.00 | 5.48% |
| First home buyer, established home | $52,070.00 | 5.48% |
| First home buyer, new home | $52,070.00 | 5.48% |
| Foreign buyer (duty plus surcharge) | $128,070.00 | 13.48% |
How the $950,000 figure is worked out
- General rate: $2,870.00 plus 6% of the $820,000 above $130,000.
First home buyers: No first home buyer concession above $750,000.
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Stamp duty near $950,000 in VIC
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $800,000 | $43,070 | $43,070 |
| Stamp duty on $850,000 | $46,070 | $46,070 |
| Stamp duty on $900,000 | $49,070 | $49,070 |
| $950,000 | $52,070 | $52,070 |
| Stamp duty on $1,000,000 | $55,000 | $55,000 |
| Stamp duty on $1,100,000 | $60,500 | $60,500 |
| Stamp duty on $1,200,000 | $66,000 | $66,000 |
$950,000 stamp duty in every state
At $950,000, Victoria ranks number 8 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| Australian Capital Territory | $34,000 |
| Queensland | $35,775 |
| New South Wales | $36,937 |
| Tasmania | $37,935 |
| Western Australia | $40,041 |
| South Australia | $46,080 |
| Northern Territory | $47,025 |
| Victoria | $52,070 |
Frequently asked questions
How much is stamp duty on $950,000 in VIC?
Stamp duty on a $950,000 property in Victoria is $52,070.00 at the general rate. That is 5.48% of the price. First home buyer relief does not reduce duty on an established home at $950,000; the buyer pays $52,070.00.
Do first home buyers pay stamp duty on $950,000 in VIC?
First home buyer relief does not reduce duty on an established home at $950,000; the buyer pays $52,070.00.
How much stamp duty does a foreign buyer pay on $950,000 in VIC?
$128,070.00 in total: $52,070.00 transfer duty plus $76,000.00 foreign purchaser additional duty (8%).
Sources
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