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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.

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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.

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© 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).

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Do You Pay Stamp Duty on Off the Plan Property In Victoria?

1st May, 2023
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Ello
Cover image for Do You Pay Stamp Duty on Off the Plan Property In Victoria?

Do You Pay Stamp Duty on Off the Plan Property In Victoria?

Are you looking to buy an off the plan property in Victoria? If so, you may be
wondering if you need to pay stamp duty on the purchase. The answer is yes, you
do need to pay stamp duty on off the plan property in Victoria.

Stamp duty is a tax that is imposed by the government on certain transactions,
such as the purchase of a property. It is calculated based on the value of the
property and is payable to the state government. In Victoria, the stamp duty
rate is different for off the plan property compared to established property.

For off the plan property, the stamp duty rate is calculated based on the value
of the land, the value of the building, and the value of any other improvements
that have been made to the property. The stamp duty rate is also based on the
type of property being purchased, such as residential, commercial, or
industrial.

The amount of stamp duty payable on an off the plan property in Victoria can
vary greatly depending on the value of the property and the type of property
being purchased. Generally, the higher the value of the property, the higher the
stamp duty rate.

It is important to note that stamp duty is not the only cost associated with
purchasing an off the plan property in Victoria. Other costs such as legal fees,
conveyancing fees, and mortgage fees may also be applicable.

When purchasing an off the plan property in Victoria, it is important to factor
in all of the associated costs, including stamp duty, to ensure that you are not
caught out by any unexpected costs.

At Ello Lending, we understand that buying a property can be a daunting process.
That’s why we are here to help. Our team of experienced mortgage brokers can
provide you with the advice and support you need to make the process as smooth
as possible.

We can help you to understand the stamp duty process and ensure that you are
aware of all the associated costs. We can also help you to find the right home
loan for your needs and guide you through the application process.

At Ello Lending, we are committed to providing our clients with the best
possible service. We understand that buying a property is a big decision and we
are here to help you every step of the way.

If you have any questions about stamp duty or any other aspect of buying an off
the plan property in Victoria, please don’t hesitate to get in touch. Our team
of experienced mortgage brokers would be more than happy to answer any questions
you have and help you to get a home loan.

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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.

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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.

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