Calculate Your Potential Savings?
Use our savings calculator to estimate potential stamp duty savings, grants, and upfront costs to better understand what buying your first home could look like.
Disclaimer please consult a broker/financial adviser before making any decisions.
Epping Estate · Stage 2 · Off-the-Plan Savings
Stamp Duty Calculator
Victoria · Land transfer duty · 2026 rates
Contract price
$698,800
Land value (confirmed)
$320,000
Build cost component
$378,800
Dutiable value (OTP)
$320,000
First home buyer — off-the-plan concession + FHB duty exemption + FHOG
Step 1 — Off-the-plan concession
Contract price
$698,800
Less: build cost component deducted (OTP concession)
− $378,800
Dutiable value after OTP concession
$320,000
Step 2 — First home buyer duty exemption
FHB duty exemption threshold
$600,000 or under = $0
Dutiable value ($320,000) vs threshold ($600,000)
Under threshold ✓
Stamp duty payable eligible FHB
$0
Stamp duty without concessions (on $698,800)
$24,369
Step 3 — First Home Owner Grant
Contract price ($698,800) vs FHOG threshold ($750,000)
Under threshold ✓
First Home Owner Grant — new build
+ $10,000
Total government saving vs buying established
$34,369
Stamp duty payable
$0
vs $24,369 on established home
First Home Owner Grant
$10,000
new build under $750,000
Total government saving
$34,369
stamp duty saving + FHOG
Step 4 — Effective purchase price for an eligible first home buyer
Total purchase price
$698,800
Less: First Home Owner Grant
− $10,000
Effective purchase price eligible FHB
$688,800
$0 stamp duty · $10,000 FHOG received at settlement · effective cost of your new home
Owner-occupier — principal place of residence (non-FHB)
Off-the-plan concession applied
Contract price
$698,800
Dutiable value after OTP concession (land only)
$320,000
PPR concession applies (under $550,000 threshold)?
Yes ✓
PPR rate calculation on $320,000 dutiable value
Duty on first $130,000 @ 1.4%
$1,820
Duty on next $125,000 ($130K–$255K) @ 2.4%
$3,000
Duty on remaining $65,000 ($255K–$320K) @ 5%
$3,250
Stamp duty payable owner-occupier
$8,070
Stamp duty without OTP concession (on $698,800)
$24,369
Total stamp duty saving vs buying established
$30,904
Stamp duty payable
$8,070
on $320,000 at PPR rates
Stamp duty saving
$30,904
vs buying established at same price
FHOG
Not applicable
first home buyers only
Investor — non-principal place of residence (general rates)
Off-the-plan concession applied
Contract price
$698,800
Dutiable value after OTP concession (land only)
$320,000
PPR concession applies?
No — general rates apply
General rate calculation on $320,000 dutiable value
Duty on first $25,000 @ 1.4%
$350
Duty on next $100,000 ($25K–$130K) @ 2.4%
$2,400
Duty on next $125,000 ($130K–$255K) @ 5%
$6,250
Duty on remaining $65,000 ($255K–$320K) @ 6%
$3,900
Stamp duty payable investor
$12,900
Stamp duty without OTP concession (on $698,800)
$24,369
Total stamp duty saving vs buying established
$26,074
Stamp duty payable
$12,900
on $320,000 at general rates
Stamp duty saving
$26,074
vs buying established at same price
Depreciation benefit
Additional
new build — claim from day one
First home buyer — established home vs Epping Estate off the plan · same purchase price
The real saving is therefore:
Both options at $698,800 · eligible first home buyer · Victoria 2026
| Established Home | Epping Estate OTP | |
|---|---|---|
| Purchase price | $698,800 | $698,800 |
| Stamp duty | + $24,369 | $0 |
| First Home Owner Grant | $0 (new builds only) | − $10,000 |
| True total cost | $723,169 | $688,800 |
| Saving | — | $34,369 |
Saving breakdown
Stamp duty avoided $24,369
First Home Owner Grant $10,000
Total $34,369
First Home Owner Grant $10,000
Total $34,369
Effective purchase price
$688,800
for eligible first home buyers
Indicative only. Based on: contract price $698,800 · confirmed land value $320,000 · build cost component $378,800 · Victorian SRO land transfer duty progressive rates (current 2025–26) · FHB duty exemption threshold $600,000 · FHOG $10,000 for eligible new builds under $750,000 · PPR concession applies to dutiable values up to $550,000. All buyers must seek independent legal and financial advice. Subject to individual eligibility. Source: State Revenue Office Victoria — sro.vic.gov.au.
Register Your Interest
Located just 22km north of the Melbourne CBD, Epping Estate is one of the last remaining parcels of land to be developed into a residential housing estate within the Epping postcode 3076.