🏠 Can I Afford to Buy in Victoria?

Find out if you can afford to buy a house in Melbourne. Pre-set for VIC stamp duty rates and first home buyer concessions.

Your finances

Total Savings

Regular Savings

Savings Frequency

Current Rent

Rent Frequency

Property details

Property Type

First Home Buyer?

Interest Rate

Loan Term

House price

Target Price: $700,000

$200k$700k$1.2M$2M

Deposit amount

Deposit from savings: $70,000 (10%)

Interest rate sensitivity

Scenario Rate: 6.2%

2%6%9%12%

Verdict

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Buying in Victoria: what you need to know

The Melbourne median house price is approximately $920,000 (April 2026). On a $700,000 property, VIC stamp duty is approximately $37,070 for non-first-home-buyers.

First home buyer concessions in VIC

FHB stamp duty threshold: $600,000 (established) or $750,000 (new)

Full stamp duty exemption under the threshold, concession up to $750k.

Other states

VIC NSW QLD SA WA TAS ACT NT