Victoria · FY 2026-27
Stamp duty on $700,000 in VIC
Buy at $700,000 in Victoria to live in, and the transfer duty is $37,070 this financial year — an effective 5.3% of the price. 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 $700,000
Duty only — the VIC calculator covers concessions and eligibility.
Where this price sits
Mid-taper for first home buyers: relief shrinks in proportion to how far past $600,000 the price goes, vanishing at $750,000.
Every buyer type at $700,000
| Buyer | Duty | Notes |
|---|---|---|
| Owner-occupier | $37,070 | — |
| Investor | $37,070 | — |
| First home buyer | $24,713.33 | New or established; duty-free to $600,000, sliding concession to $750,000. |
| Foreign buyer (incl. 8% surcharge) | $93,070 | On top of investor-rate duty. |
Mid-market Victoria is where the three schedules cross over: the owner-occupier concession has run out (it stops at $550,000), the first-home taper is giving back less on its way to nothing at $750,000, and investors have been on full general rates all along. From here up, living in the property no longer changes the duty.
The same $700,000 in every other state
VIC ranks #8 of 8 for owner-occupier duty at this price. The cheapest jurisdiction at $700,000 is ACT ($17,048) and the dearest is VIC ($37,070):
| Jurisdiction | Owner-occupier duty |
|---|---|
| ACT | $17,048 |
| QLD | $17,350 |
| NSW | $25,687 |
| TAS | $26,748 |
| WA | $27,265 |
| SA | $32,330 |
| NT | $34,650 |
| VIC ← this page | $37,070 |
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 $700,000
What actually leaves your account at settlement is deposit plus duty plus, under a 20% deposit, lenders mortgage insurance — the LMI line below comes from the published LVR premium bands in our LMI calculator:
| Deposit | LMI (incl. its duty) | Duty + LMI |
|---|---|---|
| 20% deposit $140,000 | $0 | $37,070 |
| 15% deposit $105,000 | $7,625 | $44,695 (85% LVR) |
| 10% deposit $70,000 | $16,403 | $53,473 (90% LVR) |
Figures use owner-occupier duty; treat the LMI column as indicative, since premiums differ by lender and insurer. On top sits $1,872.20 of Land Use Victoria registration fees ($1,743 for the transfer, $129.20 for the mortgage) — the state calculator itemises them live.
How duty moves around $700,000
Here is the whole VIC ladder, so you can see what negotiating up or down from this price does to the duty — every price links to its own breakdown:
| Price | Owner-occupier duty |
|---|---|
| $600,000 | $31,070 |
| $700,000 ← this page | $37,070 |
| $750,000 | $40,070 |
| $1,000,000 | $55,000 |
The jump from the rung below ($650,000) was worth $3,000 in extra duty, and the next rung up ($750,000) costs another $3,000. Because the percentages apply to every dollar, anything between two rungs lands roughly in proportion between their bills — or precisely, via the calculator.
Negotiating near $700,000? 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 $700,000 in VIC?
What does a first home buyer pay on $700,000 in VIC?
How is stamp duty on $700,000 worked out in VIC?
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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.