Stamp Duty Exemption Victoria 2025

🏡 Stamp Duty Exemption for First Home Buyers in Victoria (2025 Update)

If you’re a first home buyer in Victoria, there’s some good news you could save tens of thousands thanks to the stamp duty exemption and concession available in 2025.

Stamp duty (or land transfer duty) is one of the biggest upfront costs when buying a home. The good news is, if you’re eligible, you might not have to pay it at all.

💰 Full Exemption – Properties Up to $600,000

If you’re buying your first home and the purchase price is $600,000 or less, you’ll pay no stamp duty.

That’s a saving of up to $31,070  which is huge when you’re trying to stretch every dollar to get into the market.

⚖️ Concession – Properties Between $600,001 and $750,000

If your home’s value is between $600,001 and $750,000, you’ll get a partial concession.

The closer you are to $600k, the bigger the discount. Once you pass $750k, the benefit phases out completely.

👤 Who’s Eligible

To qualify for the exemption or concession in Victoria, you’ll need to:
✅ Be an Australian citizen or permanent resident
✅ Not have owned property in Australia before
✅ Use the property as your main home
✅ Move in within 12 months of settlement and live there for at least 12 continuous months

If you’re buying with a partner, you both need to meet the criteria.

📈 Real Example

Say you’re buying a $650,000 home in Melbourne:

• Normally, stamp duty would be around $34,070
   
• With the first home buyer concession, it drops to roughly $10,000–$12,000
   

That’s a saving of more than $20,000 just for knowing what you’re eligible for.

📝 How to Apply

Your conveyancer or solicitor will apply for the exemption or concession when they complete your settlement paperwork.

You can also read more or apply directly through the State Revenue Office (SRO):

https://www.sro.vic.gov.au/first-home-owner-grant

💡 Pro Tip: Stack Your Benefits

Don’t stop at stamp duty you can combine this with other incentives like:

• The 5% Deposit Scheme (no LMI)
   
• The First Home Owner Grant (for new builds)
   

Together, these can save you thousands and help you buy sooner.

🏠 Need a Hand?

At Home Loan HQ, we help first home buyers map out every available scheme, grant and exemption, so you don’t leave any money on the table.

If you’re looking to buy in 2025, let’s run the numbers and show you how much you can really save.

📞 Chat to Lendcom and we’ll help you plan your first home the smart way.