Stamp duty concessions in Victoria aim to reduce the cost of purchasing property for eligible buyers. These concessions can significantly impact affordability, and understanding them is important when considering the overall market dynamics as of December 2025.
Currently in Melbourne, the most prominent concession is the First Home Owner Grant (FHOG). As of December 2025, this provides up to $10,000 towards the purchase of a new home valued at $750,000 or less. There’s also a stamp duty exemption for first home buyers purchasing a property valued at $650,000 or less, with a sliding scale exemption for properties valued between $650,000 and $750,000. Importantly, these thresholds apply to properties across Melbourne, including the Eastern Suburbs where Fletchers operates. We’re seeing in 2026 that many first-time buyers are actively leveraging these concessions, particularly in areas like Balwyn and Doncaster where property values are within these ranges. Beyond first home buyers, there are also concessions for certain off-the-plan purchases and for downsizers, though eligibility criteria are more specific. The State Revenue Office Victoria website provides the most up-to-date details. Changes are announced for 2027 regarding regional concessions, but these don’t currently impact the Melbourne metropolitan area.
Navigating these concessions requires careful consideration, and understanding how they interact with your individual circumstances is key to a successful property transaction.