Victoria · FY 2026-27
Stamp duty on $1,000,000 in VIC
In Victoria, a $1,000,000 owner-occupied purchase carries duty of $55,000 for FY 2026-27, which is 5.5% of the price itself. Every duty figure below comes from the official schedule; the LMI column further down is indicative.
FY 2026-27 rates · verified against the official sources.
The tally at $1,000,000
Duty only — the VIC calculator covers concessions and eligibility.
Where this price sits
In the $960,001–$2m band, Victorian duty is a flat 5.5% of the entire price — not a marginal rate.
Every buyer type at $1,000,000
| Buyer | Duty | Notes |
|---|---|---|
| Owner-occupier | $55,000 | — |
| Investor | $55,000 | — |
| First home buyer | $55,000 | New or established; duty-free to $600,000, sliding concession to $750,000. |
| Foreign buyer (incl. 8% surcharge) | $135,000 | On top of investor-rate duty. |
At this level every Victorian buyer pays the same general table — and the table has a famous quirk: between $960,001 and $2 million, duty is a flat 5.5% of the entire price, not a marginal rate. One dollar over $960,000 moves the whole price onto the flat rate. The step at the line itself is small; what changes is that from there every extra $10,000 of price adds $550 of duty.
The same $1,000,000 in every other state
VIC ranks #8 of 8 for owner-occupier duty at this price. The cheapest jurisdiction at $1,000,000 is QLD ($30,850) and the dearest is VIC ($55,000):
| Jurisdiction | Owner-occupier duty |
|---|---|
| QLD | $30,850 |
| ACT | $33,958 |
| NSW | $39,187 |
| TAS | $40,185 |
| WA | $42,616 |
| SA | $48,830 |
| NT | $49,500 |
| VIC ← this page | $55,000 |
Standard owner-occupier treatment in each jurisdiction (QLD home concession, VIC owner-occupier rates to $550,000, ACT eligible owner-occupier; general rates elsewhere) — first-home relief excluded here.
The full upfront stack at $1,000,000
Add the other day-one cost to the duty: below 20% deposit, lenders mortgage insurance applies, computed here from the same published bands as our LMI calculator:
| Deposit | LMI (incl. its duty) | Duty + LMI |
|---|---|---|
| 20% deposit $200,000 | $0 | $55,000 |
| 15% deposit $150,000 | $13,155 | $68,155 (85% LVR) |
| 10% deposit $100,000 | $24,908 | $79,908 (90% LVR) |
Duty shown is the owner-occupier bill; LMI premiums vary between insurers, so read that column as a guide. Registration adds $2,445 (transfer) plus $129.20 (mortgage) in Land Use Victoria fees — the state calculator itemises them live.
How duty moves around $1,000,000
Duty at every rung of the VIC ladder this page belongs to — each price has its own page:
| Price | Owner-occupier duty |
|---|---|
| $600,000 | $31,070 |
| $700,000 | $37,070 |
| $750,000 | $40,070 |
| $1,000,000 ← this page | $55,000 |
Compared with $900,000 a step down the ladder, this price carries $5,930 more duty; going up to $1,200,000 would load on $11,000 on top. In-between prices do not scale smoothly here — a threshold sits between the rungs — so a quick run through the calculator settles any figure the ladder skips.
Negotiating near $1,000,000? Run your exact figure — plus concessions, surcharges and government fees — through the VIC stamp duty calculator, or see how Victoria compares with every other jurisdiction on the by-state comparison. And if this is a purchase you're saving for, the duty above is on top of your deposit — LMI applies under a 20% deposit.
Frequently asked questions
How much is stamp duty on $1,000,000 in VIC?
What does a first home buyer pay on $1,000,000 in VIC?
Where does the $1,000,000 VIC figure come from?
Keep tallying
Source
Figures computed from the schedule published by SRO Victoria for FY 2026-27, by the same tested engines as the calculator — last verified 2026-08-27. Eligibility rules decide which schedule applies; see the VIC calculator for full sources and conditions, and how to calculate stamp duty for the method itself. General information only — not financial, legal or tax advice.