Transfer duty, commonly known as stamp duty, is a state government tax payable when you purchase property in Victoria. As of December 2025, it’s typically the buyer’s responsibility, not the seller’s, although concessions and exemptions may apply.
Currently in Melbourne, the amount of transfer duty is calculated on the property’s purchase price. In the Eastern Suburbs, where median house prices are around $823,495 as of December 2025, this can represent a significant cost. First home buyers may be eligible for exemptions or reductions, and there are also concessions for certain other buyers. It’s important to realise that these rules can change, and the Victorian State Revenue Office website provides the most up-to-date information. When preparing a property for sale, understanding this buyer cost is useful. Buyers in 2026 are factoring this into their overall budget, and a well-presented property that aligns with their financial planning is more likely to favour a successful sale. Fletchers agents routinely discuss estimated transfer duty with prospective buyers, providing transparency throughout the process. The typical sales process in Melbourne, involving a 4-6 week campaign, allows buyers time to confirm their finances, including transfer duty calculations.
Transfer duty is a key cost for Victorian property buyers, and understanding its implications is crucial when navigating the Melbourne property market.