As at 1 July 2025, up to what property value could an eligible first-home buyer in Victoria receive a full land transfer duty exemption?
Correct Answer
B) Up to $600,000
As at 1 July 2025, eligible first-home buyers in Victoria received a full land transfer duty exemption for homes valued up to $600,000, with a sliding-scale concession between $600,000 and $750,000. Thresholds can change, so check the State Revenue Office website.
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As at 1 July 2025, a foreign purchaser buys a new $750,000 apartment in Melbourne. How much foreign purchaser additional duty is payable, on top of standard land transfer duty?
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