Mortgage Brokers in Victoria
Victoria’s housing market is anchored by Melbourne’s wide suburban spread plus larger regional cities. Stamp duty is comparatively high, which makes FHB exemptions and the PPR concession decisive for buyers.
Stamp duty in Victoria
Victoria’s Land Transfer Duty scale tops out at 6.5% above $2M. Principal-place-of-residence (PPR) concession reduces duty for owner-occupiers buying between $130,000 and $550,000.
First home buyer grants & concessions (VIC)
First Home Owner Grant (FHOG) of $10,000 for newly built homes up to $750,000. First-home-buyer duty exemption applies up to $600,000 (full) or up to $750,000 (sliding concession).
Cities & suburbs in Victoria
Melbourne
Greater Melbourne
Median house $960,000
Geelong
Greater Geelong
Median house $780,000
Frankston
Greater Melbourne
Median house $810,000
Ballarat
Central Highlands
Median house $620,000
Bendigo
Loddon Mallee
Median house $580,000
Mildura
Sunraysia
Median house $420,000
Werribee
Greater Melbourne
Median house $680,000
Shepparton
Goulburn Valley
Median house $480,000
Reservoir
Greater Melbourne
Median house $960,000
Glen Waverley
Greater Melbourne
Median house $1,820,000
Wodonga
Murray
Median house $520,000
Warrnambool
Great Ocean Road
Median house $610,000
Preston
Greater Melbourne
Median house $1,080,000
Dandenong
Greater Melbourne
Median house $720,000
Richmond
Greater Melbourne
Median house $1,660,000
Traralgon
Gippsland
Median house $480,000
South Yarra
Greater Melbourne
Median house $1,980,000
Northcote
Greater Melbourne
Median house $1,480,000
Brunswick
Greater Melbourne
Median house $1,280,000
Cranbourne
Greater Melbourne
Median house $720,000
Hawthorn
Greater Melbourne
Median house $2,620,000
Kew
Greater Melbourne
Median house $2,960,000
Camberwell
Greater Melbourne
Median house $2,680,000
Essendon
Greater Melbourne
Median house $1,620,000
Pascoe Vale
Greater Melbourne
Median house $1,080,000
St Kilda
Greater Melbourne
Median house $1,820,000
Thornbury
Greater Melbourne
Median house $1,380,000
Footscray
Greater Melbourne
Median house $900,000
Carlton
Greater Melbourne
Median house $1,520,000
Sale
Gippsland
Median house $470,000
Box Hill
Greater Melbourne
Median house $1,820,000
Toorak
Greater Melbourne
Median house $5,500,000
Fitzroy
Greater Melbourne
Median house $1,880,000
Sunshine
Greater Melbourne
Median house $860,000