Stamp Duty on $2M Property — VIC
Stamp duty on a $2,000,000 property in Victoria is $109,870.00. See total costs, first home buyer savings, and compare to other states.
Last verified: 1 July 2025Stamp Duty: $109,870.00
On a $2,000,000 property in Victoria, stamp duty is $109,870.00 at an effective rate of 5.49% (2025-26 rates).
Cost Breakdown
| Property price | $2,000,000 |
| Stamp duty (standard buyer) | $109,870.00 |
| Effective stamp duty rate | 5.49% |
| Legal / conveyancing fees (est.) | $2,000.00 |
| Building & pest inspection (est.) | $500.00 |
| Total purchase cost | $2,112,370.00 |
First Home Buyer Stamp Duty — VIC
At $2,000,000, first home buyer concessions in Victoria do not reduce stamp duty. The property value exceeds the concession threshold. Standard duty of $109,870.00 applies.
Foreign Buyer Stamp Duty
Foreign purchasers pay an additional 8% surcharge ($160,000.00) on top of standard stamp duty.
Total foreign buyer stamp duty: $269,870.00
Stamp Duty on $2M — All States
| State | Stamp Duty | Effective Rate |
|---|---|---|
| New South Wales | $93,055.00 | 4.65% |
| Victoria | $109,870.00 | 5.49% |
| Queensland | $95,525.00 | 4.78% |
| Western Australia | $95,579.00 | 4.78% |
| South Australia | $103,830.00 | 5.19% |
| Tasmania | $85,185.00 | 4.26% |
| Australian Capital Territory | $102,488.00 | 5.12% |
| Northern Territory | $263.00 | 0.01% |
Mortgage Impact — Adding Stamp Duty to Your Loan
If you add $109,870.00 stamp duty to your home loan instead of paying upfront, here is how it affects your repayments (based on 80% LVR, 6.25% rate, 30-year term):
| Monthly repayment (without stamp duty in loan) | $9,851.48 |
| Monthly repayment (with stamp duty in loan) | $10,527.96 |
| Extra per month | +$676.49 |
| Extra interest paid over 30 years | $133,665.86 |
Paying stamp duty upfront saves you $133,665.86 in interest over the life of your loan.
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Frequently Asked Questions
How much is stamp duty on a $2,000,000 house in Victoria?
Stamp duty on a $2,000,000 property in Victoria is $109,870.00 for a standard buyer (2025-26 rates). This is an effective rate of 5.49%.
Do first home buyers pay stamp duty in Victoria?
At $2,000,000, first home buyer concessions in Victoria do not reduce stamp duty below the standard amount of $109,870.00. The property value exceeds the concession threshold.
What are the total costs of buying a $2,000,000 property in Victoria?
The total estimated cost is approximately $2,112,370.00, which includes the purchase price ($2,000,000), stamp duty ($109,870.00), legal/conveyancing fees (~$2,000), and building/pest inspections (~$500).
General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.
Learn more
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NSW Stamp Duty Calculator 2025-26: How Much Will You Pay?Calculate your NSW stamp duty (transfer duty) for 2025-26. Covers standard rates, first home buyer exemptions, the First Home Buyer Choice property tax option, and foreign buyer surcharges.