Ello Lending Company logo
Services
Partners
Properties
FAQs
Insights
About us
Contact
Get in touch
Ello Lending Company logoYourLand logo
ServicesPartnersPropertiesFAQsInsightsAbout usContact
Privacy PolicyComplaints

Subscribe to our newsletter

Disclaimer

Comparison rates above are based on a home loan of $150,000 for 25 years. WARNING: The comparison rates are true for the example given only and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.

Important Information:

Any information provided does not constitute an offer of credit and are examples of what may be available to you based on the information available. It does not take into account any product features or any applicable fees. Lending criteria and the basis upon which we assess what you may be able to afford may change at any time without notice. For Fixed Rate home loans, break costs may be payable which can be significant if you change the whole or part of your fixed rate loan or where additional or early repayments are made during the fixed rate period.

All applications are subject to lender assessment and approval. Cashback offers may be provided by some lenders and may only be available for particular products, terms and conditions apply.

© 2025 Ello Lc Pty Ltd ACN 662 742 645. Australian Credit Representative Number 544008. Ello is a Credit Representative of QED Credit Services PTY LTD (Australian Credit Licence number 387856).

Back to Insights

Do You Pay Stamp Duty on a New Build in Victoria? Property Tips

29th May, 2023
Profile picture of author Ello
Ello
Cover image for Do You Pay Stamp Duty on a New Build in Victoria? Property Tips

If you're considering purchasing a new build in Victoria, understanding stamp duty is essential. At Ello Lending, we aim to simplify this process for you. Stamp duty is a one-time tax paid to the state government upon property purchase, calculated based on the property's value.

In Victoria, stamp duty is determined using a sliding scale, meaning higher-priced properties incur higher stamp duty costs. This includes new builds; thus, stamp duty is applicable in Victoria for all property purchases, regardless of whether it's a new construction or an existing property.

However, there are exemptions and concessions available that may reduce your stamp duty obligations. For instance, if you qualify as a first home buyer, you may be eligible for a stamp duty concession, providing potential savings. It's important to note that this concession is applicable for properties valued up to $600,000, and properties above this threshold do not qualify for the concession.

Foreign investors should be aware of an additional stamp duty surcharge that applies to their property purchase in Victoria. This surcharge serves as an extra tax for foreign investors buying property within the state.

Calculating stamp duty can be intricate, but the Victorian government offers an online calculator to assist you. By inputting your property purchase details, the calculator estimates the amount of stamp duty you'll be required to pay. However, it's essential to consider that the calculator provides an estimate, and the final amount may differ.

Apart from stamp duty, there are other costs to consider when purchasing a property. These include legal fees, mortgage fees, building and pest inspection fees, moving costs, home and contents insurance, council rates, and strata fees if applicable. Accounting for these expenses in your budget is crucial when planning to buy a property.

At Ello Lending, we understand that navigating the property market can be complex and overwhelming. Our team of experienced mortgage brokers is dedicated to assisting you throughout the process. We can help you understand the ins and outs of the market and find the right home loan to suit your needs.

If you have any questions or require guidance in securing a home loan, we're here to help. Contact us today for personalized assistance and expert advice tailored to your unique circumstances.

Other insights

View all
Cover image for How is Stamp Duty Calculated on Off the Plan Purchases?

How is Stamp Duty Calculated on Off the Plan Purchases?

Stamp duty rates for off the plan purchases vary across Australian states and territories. In Victoria, the rate is 4.5%, in Queensland, it is 4%, and in New South Wales, it is 3.5% for off the plan apartments. Stay informed about the latest rates as they may change over time. Our experienced mortgage brokers at Ello Lending can provide guidance and support in understanding stamp duty calculations. Contact us for assistance.

Cover image for Calculating The Stamp Duty on an Off the Plan Purchase NSW

Calculating The Stamp Duty on an Off the Plan Purchase NSW

Discover how to calculate stamp duty for an off the plan purchase in NSW and get expert guidance from Ello Lending, your trusted mortgage broker. We'll help you navigate the complexities of stamp duty and find the right home loan for your needs. Contact us today for personalized assistance and turn your off the plan property dreams into reality.

Cover image for Is Debt Consolidation Only for Credit Cards?

Is Debt Consolidation Only for Credit Cards?

Debt consolidation is not limited to credit cards; it encompasses various types of debt, including personal loans, medical bills, and student loans. It aims to simplify finances and potentially reduce interest rates and monthly payments. At Ello Lending, our mortgage brokers can provide personalized guidance on debt consolidation options to help individuals manage their debts effectively.

View all