LAND TRANSFER DUTY

Pensioners and first-home buyers entering Victoria’s property market may be eligible for the duty reductions, concessions and exemptions we administer.

This year a record number of Victorians from both metropolitan Melbourne and regional areas applied for assistance, reflecting our focus on delivering efficient and prompt customer service.    

Since 2011, we have administered the equivalent of about $600 million in duty reductions to 105,000 first-home buyers across the state. This includes almost half a billion dollars to 81,500 Melbourne recipients, and a further $93 million to 23,000 recipients in regional Victoria.

Pensioner duty exemptions and concessions 2015-16

  Number Value (millions)

Concessions

6387

$59,499,613

Exemptions

5537

$61,080,283

Total

11,924

$120,579,896

First-home buyer duty reduction

Year Number Value (millions)

Metropolitan Melbourne

2011-12

11,544

34.6

2012-13

13,957

53.2

2013-14

18,089

113.8

2014-15

18,539

143.9

2015-16

19,371

160.3

Regional Victoria

2011-12

3,224

5.8

2012-13

4,163

9.4

2013-14

4,923

19.2

2014-15

5,297

26.4

2015-16

5,913

32.5