Stamp duty on a $700,000 house in VIC
Victoria · transfer duty
$37,070
Transfer duty on a $700,000 property in Victoria at the standard rate. Verified 16 July 2026, source: State Revenue Office Victoria.
First home buyer: $24,713.33
A $700,000 value falls in the $130,001 to $960,000 band, where duty is $2,870 + $6.00 per $100 over $130,000 — $37,070 in total.
Stamp duty calculator
VIC$37,070 transfer duty
- Standard (general) duty
- $37,070
VIC figures from State Revenue Office Victoria. Estimate only — your conveyancer and the revenue office confirm the exact duty. Full breakdown for $700,000 in VIC →
What a first home buyer or owner-occupier pays
$37,070Standard / investor rate
$24,713.33First home buyer
Concessional — duty phases in linearly from $600,000 to $750,000. First home buyer duty in VIC →
Deposit, loan and repayments at $700,000
| Deposit | Deposit amount | Loan | Approx. monthly | Indicative LMI |
|---|---|---|---|---|
| 20% (no LMI) | $140,000 | $560,000 | $3,357.48 | $0 |
| 10% | $70,000 | $630,000 | $3,777.17 | $11,340 |
Repayments assume 6% p.a. over 30 years; LMI is an indicative estimate. Adjust the rate and term →
The same price in other states
| State | Duty on $700,000 | |
|---|---|---|
| Victoria | $37,070 | |
| New South Wales | $25,687 | view |
| Queensland | $24,525 | view |
| Western Australia | $27,265 | view |
Compare all eight states side by side →
VIC transfer duty schedule
| Dutiable value | Duty payable |
|---|---|
| Up to $25,000 | $1.40 per $100 |
| $25,001 to $130,000 | $350 + $2.40 per $100 over $25,000 |
| $130,001 to $960,000 | $2,870 + $6.00 per $100 over $130,000 |
| $960,001 to $2,000,000 | 5.5% of the total value |
| Over $2,000,000 | $110,000 + $6.50 per $100 over $2,000,000 |
Nearby prices in VIC
Common questions
- How much is stamp duty on a $700,000 property in Victoria?
- Transfer duty is $37,070 at the VIC general rate for a $700,000 property, calculated from the State Revenue Office Victoria schedule. As a first home buyer, a concession brings this down to about $24,713.33.
- Is stamp duty paid on top of the purchase price?
- Yes. The $37,070 duty is separate from the $700,000 price and is normally paid at settlement. On a 20% deposit of $140,000, budget for the duty as an additional upfront cost.
- What deposit and loan do I need for a $700,000 home?
- A 20% deposit is $140,000, leaving a $560,000 loan (about $3,357.48 a month at 6% over 30 years, no LMI). With a 10% deposit of $70,000 the loan is $630,000 and indicative LMI is around $11,340.
- Do foreign buyers pay extra duty in Victoria?
- Foreign purchasers usually pay an additional surcharge on top of transfer duty. It is charged separately from the $37,070 owner-occupier figure — confirm the current surcharge rate with State Revenue Office Victoria.