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Victoria’s new stamp duty and land tax costs explained

As a property owner or potential new home buyer, it can be daunting understanding the nuances around the changes to stamp duty and land tax in Victoria. The State Revenue Office of Victoria calculates stamp duty on a sliding scale, starting at 1.4 per cent for properties valued at $25 000 or less.

Houses on a hill in Mooney Valley
A new tax regime will have wide-ranging impacts across Melbourne's suburbs. Photo: Shutterstock

As a property owner or potential new home buyer, it can be daunting understanding the nuances around the changes to stamp duty and land tax in Victoria.

You might be asking yourself, ‘what are the hidden costs in buying a house?’.

Whether you’re buying an investment property or your own home, you need to be well placed to navigate these changes. 

We’ve highlighted the facts that you need to know before you decide anything.

Stamp Duty: The upc…