Doing your due diligence and planning, SmartProperty Investment's Stamp Duty Calculator allows you to work out the appropriate stamp duty tax so that you can include it in your future calculations and budgets. Each state has a different scale of charges and systems in place for calculating the stamp duty of each property purchase and the transfers of land titles of properties. Charges can vary depending on the purpose of the security purchased, whether it be for investment or for occupancy.
Stamp duty is a charge applied by state governments in Australia on the transfer of land titles of properties. Charges may vary depending on the purpose of the security purchased, whether it be for investment or for occupancy. By doing your due diligence and planning, Smart Property Investment's stamp duty calculator allows you to work out the tax so that you can include it in your future calculations and budgets.
Each state and territory has a different scale of charges and systems in place for calculating the stamp duty of each property purchase.
However, there are discounts in place for first-home buyers and low-income earners, subject to different eligibility requirements such as:
- Applicants must be a person, not a company or trust
- Applicants must be a permanent resident or Australian citizen
- Applicants must be over 18 years of age
- No co-purchaser may have previously owned a residential property within Australia
- Must be a principal place of residence for a continuous period of six months
Definitions:
State or territory
The state or territory in which the property is located.
Value of the property
The total value of the property, most often valued at the current market price or purchase price indicated in the property purchase agreement.
Loan amount
The total value of the loan applied for in a loan agreement.
Purpose of the property
An indication whether or not the purpose of the property is for investment purposes or for residence and occupancy.
First home buyer
First home buyers have a First Home Owner Grant available for their first real property purchase, subject to various eligibility criteria.
Mortgage registration fee
The charges a state government applies on the property for each registration of a home loan.
Transfer fee
The charges a state government applies on the property for each transfer of the real property to new owners.
Stamp duty on property
Total amount of taxes levied on each property purchase made, based on property price, location, and loan purpose.
DISCLAIMER:
The information provided by this calculator is intended to provide an approximate estimate based on stated assumptions and inputs entered. For more information, read more on Copyright, Legal and Disclaimers.
advice
trending
podcast
object(stdClass)#1211 (52) {
["id"]=>
string(5) "18297"
["title"]=>
string(72) "Mortgages in a tighter lending economy and why Brisbane is a good option"
["alias"]=>
string(72) "mortgages-in-a-tighter-lending-economy-and-why-brisbane-is-a-good-option"
["introtext"]=>
string(255) "Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocharge your portfolio, maximise returns and make your overall investment experience seamless and stress-free!
"
["fulltext"]=>
string(818) "
To hear more about these services, make sure to tune in to this episode of Property Showcase!
Make sure you never miss an episode by subscribing to us now on iTunes!
"
["checked_out"]=>
string(1) "0"
["checked_out_time"]=>
string(19) "0000-00-00 00:00:00"
["catid"]=>
string(2) "82"
["created"]=>
string(19) "2018-07-18 05:50:45"
["created_by"]=>
string(4) "1689"
["created_by_alias"]=>
string(0) ""
["state"]=>
string(1) "1"
["modified"]=>
string(19) "2018-07-18 06:37:06"
["modified_by"]=>
string(4) "1689"
["modified_by_name"]=>
string(12) "Todd Stevens"
["publish_up"]=>
string(19) "2018-07-18 06:02:12"
["publish_down"]=>
string(19) "0000-00-00 00:00:00"
["images"]=>
string(173) "{"image_intro":"","float_intro":"","image_intro_alt":"","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}"
["urls"]=>
string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}"
["attribs"]=>
string(3127) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","show_publishing_options":"","show_article_options":"","show_urls_images_backend":"","show_urls_images_frontend":"","canonical_link":"","transcript":"","clientName1":"Rethink Investing","clientDesc1":"Son Pham is the accredited Head of Mortgages at Rethink Financing\/Rethink Investing. He has over 6 years\u2019 experience writing loans, over 12 years in the wealth management industry working for the likes of CBA, AMP and private practice and he is also a licenced financial planner (AFSL 326450). He has multiple investment properties that are cash flow positive which help pay his mortgage on his home and fund his lifestyle.<\/p>\r\n
Son is able to write all types of residential and commercial property loans.<\/p>\r\n
In this episode of Property Showcase, head of mortgages at Rethink investing Son Pham joins host Tim Neary to unpack how an investor should approach getting a mortgage in place with banks tightening down on serviceability.<\/p>\r\n
Hear from\u00a0Son\u00a0about:\u00a0<\/p>\r\n
- \r\n
- The pitfalls that he has seen people get into<\/li>\r\n
- Interest only loans and if that is the way to go<\/li>\r\n
- How the mortgage division supports the overall business of Rethink Investing<\/li>\r\n<\/ul>","clientImage1":"images\/podcasts\/Son-Pham.jpg","clientUrl1":"https:\/\/rethinkinvesting.com.au\/","clientName2":"OpenCorp","clientDesc2":"
Whether it\u2019s building a successful property portfolio or investing in one of their Development Funds, Open Corp can help you through every stage of your investment journey. The team has 40 property specialists who collectively have been involved in over $4 billion worth of property transactions and the acquisition of more than 8000 homes and investment properties.<\/p>\r\n
In this episode of Property Showcase, director of investment services for Open Corp Michael Beresford,\u00a0joins\u00a0editor of Real Estate, Tim Neary to share why he disagrees that the cooling market means that the best times are behind us.<\/p>\r\n
In this episode, hear from\u00a0Michael\u00a0about:\u00a0<\/p>\r\n
- \r\n
- Why Brisbane is a good investment option right now<\/li>\r\n
- How he wants to help clients take advantage of the current market<\/li>\r\n
- Why negative press can be good for investors<\/li>\r\n<\/ul>","clientImage2":"images\/podcasts\/Michael-Beresford-170x170.jpg","clientUrl2":"https:\/\/www.opencorp.com.au\/","clientName3":"","clientDesc3":"","clientImage3":"","clientUrl3":"","clientName4":"","clientDesc4":"","clientImage4":"","clientUrl4":"","author_promotion_line":""}"
["metadata"]=>
string(53) "{"robots":"","author":"","rights":"","xreference":""}"
["metakey"]=>
string(60) "mortgages, tighter, lending, economy, brisbane, good, option"
["metadesc"]=>
string(200) "Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocharge your portfolio, maximise returns and make your overall"
["access"]=>
string(1) "1"
["hits"]=>
string(2) "34"
["xreference"]=>
string(0) ""
["featured"]=>
string(1) "0"
["language"]=>
string(1) "*"
["readmore"]=>
string(3) "818"
["ordering"]=>
string(1) "0"
["category_title"]=>
string(17) "Property Showcase"
["category_route"]=>
string(25) "podcast/property-showcase"
["category_access"]=>
string(1) "1"
["category_alias"]=>
string(17) "property-showcase"
["published"]=>
string(1) "1"
["parents_published"]=>
string(1) "1"
["lft"]=>
string(2) "98"
["author"]=>
string(12) "Todd Stevens"
["author_email"]=>
string(33) "[email protected]"
["parent_title"]=>
string(7) "Podcast"
["parent_id"]=>
string(2) "48"
["parent_route"]=>
string(7) "podcast"
["parent_alias"]=>
string(7) "podcast"
["rating"]=>
string(1) "0"
["rating_count"]=>
string(1) "0"
["alternative_readmore"]=>
NULL
["layout"]=>
NULL
["params"]=>
object(Joomla\Registry\Registry)#1226 (3) {
["data":protected]=>
object(stdClass)#1213 (101) {
["article_layout"]=>
string(14) "spbase:article"
["show_title"]=>
string(1) "1"
["link_titles"]=>
string(1) "1"
["show_intro"]=>
string(1) "0"
["info_block_position"]=>
string(1) "0"
["info_block_show_title"]=>
string(1) "1"
["show_category"]=>
string(1) "0"
["link_category"]=>
string(1) "0"
["show_parent_category"]=>
string(1) "0"
["link_parent_category"]=>
string(1) "0"
["show_associations"]=>
string(1) "0"
["flags"]=>
string(1) "1"
["show_author"]=>
string(1) "0"
["link_author"]=>
string(1) "0"
["show_create_date"]=>
string(1) "0"
["show_modify_date"]=>
string(1) "0"
["show_publish_date"]=>
string(1) "0"
["show_item_navigation"]=>
string(1) "0"
["show_vote"]=>
string(1) "0"
["show_readmore"]=>
string(1) "1"
["show_readmore_title"]=>
string(1) "0"
["readmore_limit"]=>
string(3) "100"
["show_tags"]=>
string(1) "1"
["show_icons"]=>
string(1) "0"
["show_print_icon"]=>
string(1) "0"
["show_email_icon"]=>
string(1) "1"
["show_hits"]=>
string(1) "0"
["show_noauth"]=>
string(1) "0"
["urls_position"]=>
string(1) "0"
["captcha"]=>
string(0) ""
["show_publishing_options"]=>
string(1) "1"
["show_article_options"]=>
string(1) "1"
["save_history"]=>
string(1) "0"
["history_limit"]=>
int(10)
["show_urls_images_frontend"]=>
string(1) "0"
["show_urls_images_backend"]=>
string(1) "1"
["targeta"]=>
int(0)
["targetb"]=>
int(0)
["targetc"]=>
int(0)
["float_intro"]=>
string(5) "right"
["float_fulltext"]=>
string(5) "right"
["category_layout"]=>
string(6) "_:blog"
["show_category_heading_title_text"]=>
string(1) "0"
["show_category_title"]=>
string(1) "0"
["show_description"]=>
string(1) "0"
["show_description_image"]=>
string(1) "0"
["maxLevel"]=>
string(1) "0"
["show_empty_categories"]=>
string(1) "0"
["show_no_articles"]=>
string(1) "1"
["show_subcat_desc"]=>
string(1) "0"
["show_cat_num_articles"]=>
string(1) "0"
["show_cat_tags"]=>
string(1) "0"
["show_base_description"]=>
string(1) "1"
["maxLevelcat"]=>
string(2) "-1"
["show_empty_categories_cat"]=>
string(1) "0"
["show_subcat_desc_cat"]=>
string(1) "1"
["show_cat_num_articles_cat"]=>
string(1) "1"
["num_leading_articles"]=>
string(2) "15"
["num_intro_articles"]=>
string(1) "0"
["num_columns"]=>
string(1) "0"
["num_links"]=>
string(1) "0"
["multi_column_order"]=>
string(1) "0"
["show_subcategory_content"]=>
string(1) "0"
["show_pagination_limit"]=>
string(1) "1"
["filter_field"]=>
string(4) "hide"
["show_headings"]=>
string(1) "1"
["list_show_date"]=>
string(1) "0"
["date_format"]=>
string(0) ""
["list_show_hits"]=>
string(1) "0"
["list_show_author"]=>
string(1) "0"
["list_show_votes"]=>
string(1) "0"
["list_show_ratings"]=>
string(1) "0"
["orderby_pri"]=>
string(4) "none"
["orderby_sec"]=>
string(5) "rdate"
["order_date"]=>
string(9) "published"
["show_pagination"]=>
string(1) "2"
["show_pagination_results"]=>
string(1) "1"
["show_featured"]=>
string(4) "show"
["show_feed_link"]=>
string(1) "1"
["feed_summary"]=>
string(1) "0"
["feed_show_readmore"]=>
string(1) "0"
["sef_advanced"]=>
int(0)
["sef_ids"]=>
int(0)
["custom_fields_enable"]=>
string(1) "1"
["show_page_heading"]=>
string(1) "0"
["menu_text"]=>
int(1)
["menu_show"]=>
int(1)
["secure"]=>
int(0)
["page_title"]=>
string(21) "Stamp Duty Calculator"
["page_description"]=>
string(11) "sample desc"
["page_rights"]=>
NULL
["robots"]=>
NULL
["clientName1"]=>
string(17) "Rethink Investing"
["clientDesc1"]=>
string(996) "
Son Pham is the accredited Head of Mortgages at Rethink Financing/Rethink Investing. He has over 6 years’ experience writing loans, over 12 years in the wealth management industry working for the likes of CBA, AMP and private practice and he is also a licenced financial planner (AFSL 326450). He has multiple investment properties that are cash flow positive which help pay his mortgage on his home and fund his lifestyle.
Son is able to write all types of residential and commercial property loans.
In this episode of Property Showcase, head of mortgages at Rethink investing Son Pham joins host Tim Neary to unpack how an investor should approach getting a mortgage in place with banks tightening down on serviceability.
Hear from Son about:
- The pitfalls that he has seen people get into
- Interest only loans and if that is the way to go
- How the mortgage division supports the overall business of Rethink Investing
Whether it’s building a successful property portfolio or investing in one of their Development Funds, Open Corp can help you through every stage of your investment journey. The team has 40 property specialists who collectively have been involved in over $4 billion worth of property transactions and the acquisition of more than 8000 homes and investment properties.
In this episode of Property Showcase, director of investment services for Open Corp Michael Beresford, joins editor of Real Estate, Tim Neary to share why he disagrees that the cooling market means that the best times are behind us.
In this episode, hear from Michael about:
- Why Brisbane is a good investment option right now
- How he wants to help clients take advantage of the current market
- Why negative press can be good for investors
Mortgages in a tighter lending economy and why Brisbane is a good option object(stdClass)#1236 (52) {
["id"]=>
string(5) "18289"
["title"]=>
string(46) "A property investment plan years in the making"
["alias"]=>
string(46) "a-property-investment-plan-years-in-the-making"
["introtext"]=>
string(334) "Will Magee has had ambitions to enter into the Australian property market for quite some time, but it has been more than just finances holding him back. Having been granted permanent residency just two weeks ago, Will is wasting no time and is now in the process of signing papers and finding his first investment property.
"
["fulltext"]=>
string(2483) "
In this episode of the Smart Property Investment Show, Will joins host Phil Tarrant to share why he is purchasing his first property in partnership with his brother, discuss the complications that can arise from such a strategy, and unpack the ongoing plan for building a joint property portfolio with his brother.
Will will also share how they approached saving for their first property, why he is taking out the mortgage in his name exclusively, and share their savings plan for the year ahead.
If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn.
If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!
RELATED AREAS OF INTEREST:
From property in Australia to a ski lodge in Japan
Mortgage Trusts, an alternative first step for property investors
Should a real estate title be in one person’s name only?
"
["checked_out"]=>
string(1) "0"
["checked_out_time"]=>
string(19) "0000-00-00 00:00:00"
["catid"]=>
string(2) "45"
["created"]=>
string(19) "2018-07-16 07:05:42"
["created_by"]=>
string(4) "1689"
["created_by_alias"]=>
string(0) ""
["state"]=>
string(1) "1"
["modified"]=>
string(19) "2018-07-17 06:44:57"
["modified_by"]=>
string(4) "1689"
["modified_by_name"]=>
string(12) "Todd Stevens"
["publish_up"]=>
string(19) "2018-07-16 07:07:04"
["publish_down"]=>
string(19) "0000-00-00 00:00:00"
["images"]=>
string(227) "{"image_intro":"images\/podcasts\/Will-Magee-sized-image.jpg","float_intro":"","image_intro_alt":"Will Magee","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}"
["urls"]=>
string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}"
["attribs"]=>
string(1002) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","show_publishing_options":"","show_article_options":"","show_urls_images_backend":"","show_urls_images_frontend":"","canonical_link":"","transcript":"","clientName1":"","clientDesc1":"","clientImage1":"","clientUrl1":"","clientName2":"","clientDesc2":"","clientImage2":"","clientUrl2":"","clientName3":"","clientDesc3":"","clientImage3":"","clientUrl3":"","clientName4":"","clientDesc4":"","clientImage4":"","clientUrl4":"","author_promotion_line":""}"
["metadata"]=>
string(53) "{"robots":"","author":"","rights":"","xreference":""}"
["metakey"]=>
string(41) "property, investment, plan, years, making"
["metadesc"]=>
string(200) "Will Magee has had ambitions to enter into the Australian property market for quite some time, but it has been more than just finances holding him back. Having been granted permanent residency jus"
["access"]=>
string(1) "1"
["hits"]=>
string(2) "71"
["xreference"]=>
string(0) ""
["featured"]=>
string(1) "0"
["language"]=>
string(1) "*"
["readmore"]=>
string(4) "2483"
["ordering"]=>
string(1) "2"
["category_title"]=>
string(25) "Smart Property Investment"
["category_route"]=>
string(25) "smart-property-investment"
["category_access"]=>
string(1) "1"
["category_alias"]=>
string(25) "smart-property-investment"
["published"]=>
string(1) "1"
["parents_published"]=>
string(1) "1"
["lft"]=>
string(2) "47"
["author"]=>
string(12) "Todd Stevens"
["author_email"]=>
string(33) "[email protected]"
["parent_title"]=>
string(4) "ROOT"
["parent_id"]=>
string(1) "1"
["parent_route"]=>
string(0) ""
["parent_alias"]=>
string(4) "root"
["rating"]=>
string(1) "0"
["rating_count"]=>
string(1) "0"
["alternative_readmore"]=>
NULL
["layout"]=>
NULL
["params"]=>
object(Joomla\Registry\Registry)#1244 (3) {
["data":protected]=>
object(stdClass)#1224 (93) {
["article_layout"]=>
string(14) "spbase:article"
["show_title"]=>
string(1) "1"
["link_titles"]=>
string(1) "1"
["show_intro"]=>
string(1) "0"
["info_block_position"]=>
string(1) "0"
["info_block_show_title"]=>
string(1) "1"
["show_category"]=>
string(1) "0"
["link_category"]=>
string(1) "0"
["show_parent_category"]=>
string(1) "0"
["link_parent_category"]=>
string(1) "0"
["show_associations"]=>
string(1) "0"
["flags"]=>
string(1) "1"
["show_author"]=>
string(1) "0"
["link_author"]=>
string(1) "0"
["show_create_date"]=>
string(1) "0"
["show_modify_date"]=>
string(1) "0"
["show_publish_date"]=>
string(1) "0"
["show_item_navigation"]=>
string(1) "0"
["show_vote"]=>
string(1) "0"
["show_readmore"]=>
string(1) "1"
["show_readmore_title"]=>
string(1) "0"
["readmore_limit"]=>
string(3) "100"
["show_tags"]=>
string(1) "1"
["show_icons"]=>
string(1) "0"
["show_print_icon"]=>
string(1) "0"
["show_email_icon"]=>
string(1) "1"
["show_hits"]=>
string(1) "0"
["show_noauth"]=>
string(1) "0"
["urls_position"]=>
string(1) "0"
["captcha"]=>
string(0) ""
["show_publishing_options"]=>
string(1) "1"
["show_article_options"]=>
string(1) "1"
["save_history"]=>
string(1) "0"
["history_limit"]=>
int(10)
["show_urls_images_frontend"]=>
string(1) "0"
["show_urls_images_backend"]=>
string(1) "1"
["targeta"]=>
int(0)
["targetb"]=>
int(0)
["targetc"]=>
int(0)
["float_intro"]=>
string(5) "right"
["float_fulltext"]=>
string(5) "right"
["category_layout"]=>
string(6) "_:blog"
["show_category_heading_title_text"]=>
string(1) "0"
["show_category_title"]=>
string(1) "0"
["show_description"]=>
string(1) "0"
["show_description_image"]=>
string(1) "0"
["maxLevel"]=>
string(1) "0"
["show_empty_categories"]=>
string(1) "0"
["show_no_articles"]=>
string(1) "1"
["show_subcat_desc"]=>
string(1) "0"
["show_cat_num_articles"]=>
string(1) "0"
["show_cat_tags"]=>
string(1) "0"
["show_base_description"]=>
string(1) "1"
["maxLevelcat"]=>
string(2) "-1"
["show_empty_categories_cat"]=>
string(1) "0"
["show_subcat_desc_cat"]=>
string(1) "1"
["show_cat_num_articles_cat"]=>
string(1) "1"
["num_leading_articles"]=>
string(2) "15"
["num_intro_articles"]=>
string(1) "0"
["num_columns"]=>
string(1) "0"
["num_links"]=>
string(1) "0"
["multi_column_order"]=>
string(1) "0"
["show_subcategory_content"]=>
string(1) "0"
["show_pagination_limit"]=>
string(1) "1"
["filter_field"]=>
string(4) "hide"
["show_headings"]=>
string(1) "1"
["list_show_date"]=>
string(1) "0"
["date_format"]=>
string(0) ""
["list_show_hits"]=>
string(1) "0"
["list_show_author"]=>
string(1) "0"
["list_show_votes"]=>
string(1) "0"
["list_show_ratings"]=>
string(1) "0"
["orderby_pri"]=>
string(4) "none"
["orderby_sec"]=>
string(5) "rdate"
["order_date"]=>
string(9) "published"
["show_pagination"]=>
string(1) "2"
["show_pagination_results"]=>
string(1) "1"
["show_featured"]=>
string(4) "show"
["show_feed_link"]=>
string(1) "1"
["feed_summary"]=>
string(1) "0"
["feed_show_readmore"]=>
string(1) "0"
["sef_advanced"]=>
int(0)
["sef_ids"]=>
int(0)
["custom_fields_enable"]=>
string(1) "1"
["show_page_heading"]=>
string(1) "0"
["menu_text"]=>
int(1)
["menu_show"]=>
int(1)
["secure"]=>
int(0)
["page_title"]=>
string(21) "Stamp Duty Calculator"
["page_description"]=>
string(11) "sample desc"
["page_rights"]=>
NULL
["robots"]=>
NULL
["access-view"]=>
bool(true)
}
["initialized":protected]=>
bool(true)
["separator"]=>
string(1) "."
}
["displayDate"]=>
string(19) "2018-07-16 07:05:42"
["slug"]=>
string(52) "18289:a-property-investment-plan-years-in-the-making"
["catslug"]=>
string(28) "45:smart-property-investment"
["link"]=>
string(72) "/investor-stories-1/18289-a-property-investment-plan-years-in-the-making"
}
A property investment plan years in the making object(stdClass)#1196 (52) {
["id"]=>
string(5) "18287"
["title"]=>
string(75) "Regional Victoria showing up Melbourne in price performance, new data finds"
["alias"]=>
string(74) "regional-victoria-showing-up-melbourne-in-price-performance-new-data-finds"
["introtext"]=>
string(139) "Median house prices in regional Victoria outperformed that of Melbourne in the June quarter, the latest REIV figures reveal.
"
["fulltext"]=>
string(2323) "
Median house prices in the regions rose 4.0 per cent to $419,500 but in Melbourne they dipped by 0.6 of a percentage point to $840,000.
The result in Melbourne was due to a 0.8 of a percentage point fall in prices achieved at auction; this was despite a lift of 2.3 per cent in private sales.
Inner Melbourne suffered due to auction prices, where median prices fell by 4.9 per cent to $1,459,000 but it was middle Melbourne that was hardest hit, with a 5.4 per cent drop to $974,500.
Outer Melbourne had a good quarter with the median rising by 0.5 of a percentage point to $681,000.
Apartment prices in regional Victoria grew by 3.7 per cent to $304,500 while the metro media was up by 0.5 of a percentage point to $604,000.
REIV President Richard Simpson said that despite fewer sales, many sectors of the market were performing well.
“2017 was a bumper year and while the trendline has flattened, despite the fall in median house prices in the June quarter, median prices are still up this calendar year for both houses and units, in Melbourne and in the regions,” Mr Simpson said.
In particular there was been strong growth in regional centres which is probably due to the first-home buyers’ concessions said Mr Simpsons.
“The first-home buyers’ concession has been a boon for regional areas. A new entrant to the property market buying a house at the regional median will pay no stamp duty, while a first home buyer of an apartment in Melbourne at the median price would pay stamp duty of nearly $25,000,” he said.
Mr Simpson said that more prospective buyers are looking towards regional Victoria which is also having an effect in Melbourne.
“Melbourne’s outer perimeter continues to grow. Small increases in the June quarter mean that the median prices for both houses and units have risen over 10.5 per cent from a year ago.
Mr Simpson said moving forward that vendors need more realistic expectations as the highs of 2017 are now over.
“Negative chatter about the future of the sector coupled with stronger lending controls by financial institutions has created some uncertainty and vendors need to be realistic with their price expectations,” Mr Simpson said.
"
["checked_out"]=>
string(1) "0"
["checked_out_time"]=>
string(19) "0000-00-00 00:00:00"
["catid"]=>
string(2) "45"
["created"]=>
string(19) "2018-07-16 06:45:49"
["created_by"]=>
string(4) "1548"
["created_by_alias"]=>
string(0) ""
["state"]=>
string(1) "1"
["modified"]=>
string(19) "2018-07-16 05:39:14"
["modified_by"]=>
string(4) "1616"
["modified_by_name"]=>
string(16) "Janelle Baguioro"
["publish_up"]=>
string(19) "2018-07-16 06:45:42"
["publish_down"]=>
string(19) "0000-00-00 00:00:00"
["images"]=>
string(312) "{"image_intro":"images\/intro-images\/839x487\/Melbourne-Yarra.jpg","float_intro":"","image_intro_alt":"Regional Victoria, Melbourne, property price performance, property investments, investing","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}"
["urls"]=>
string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}"
["attribs"]=>
string(1002) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","show_publishing_options":"","show_article_options":"","show_urls_images_backend":"","show_urls_images_frontend":"","canonical_link":"","transcript":"","clientName1":"","clientDesc1":"","clientImage1":"","clientUrl1":"","clientName2":"","clientDesc2":"","clientImage2":"","clientUrl2":"","clientName3":"","clientDesc3":"","clientImage3":"","clientUrl3":"","clientName4":"","clientDesc4":"","clientImage4":"","clientUrl4":"","author_promotion_line":""}"
["metadata"]=>
string(53) "{"robots":"","author":"","rights":"","xreference":""}"
["metakey"]=>
string(71) "regional, victoria, showing, melbourne, price, performance, data, finds"
["metadesc"]=>
string(200) "Median house prices in regional Victoria outperformed that of Melbourne in the June quarter, the latest REIV figures reveal. Median house prices in the regions rose 4. 0 per cent to $419,500 b"
["access"]=>
string(1) "1"
["hits"]=>
string(2) "46"
["xreference"]=>
string(0) ""
["featured"]=>
string(1) "0"
["language"]=>
string(1) "*"
["readmore"]=>
string(4) "2323"
["ordering"]=>
string(1) "4"
["category_title"]=>
string(25) "Smart Property Investment"
["category_route"]=>
string(25) "smart-property-investment"
["category_access"]=>
string(1) "1"
["category_alias"]=>
string(25) "smart-property-investment"
["published"]=>
string(1) "1"
["parents_published"]=>
string(1) "1"
["lft"]=>
string(2) "47"
["author"]=>
string(9) "Tim Neary"
["author_email"]=>
string(30) "[email protected]"
["parent_title"]=>
string(4) "ROOT"
["parent_id"]=>
string(1) "1"
["parent_route"]=>
string(0) ""
["parent_alias"]=>
string(4) "root"
["rating"]=>
string(1) "0"
["rating_count"]=>
string(1) "0"
["alternative_readmore"]=>
NULL
["layout"]=>
NULL
["params"]=>
object(Joomla\Registry\Registry)#1212 (3) {
["data":protected]=>
object(stdClass)#1228 (93) {
["article_layout"]=>
string(14) "spbase:article"
["show_title"]=>
string(1) "1"
["link_titles"]=>
string(1) "1"
["show_intro"]=>
string(1) "0"
["info_block_position"]=>
string(1) "0"
["info_block_show_title"]=>
string(1) "1"
["show_category"]=>
string(1) "0"
["link_category"]=>
string(1) "0"
["show_parent_category"]=>
string(1) "0"
["link_parent_category"]=>
string(1) "0"
["show_associations"]=>
string(1) "0"
["flags"]=>
string(1) "1"
["show_author"]=>
string(1) "0"
["link_author"]=>
string(1) "0"
["show_create_date"]=>
string(1) "0"
["show_modify_date"]=>
string(1) "0"
["show_publish_date"]=>
string(1) "0"
["show_item_navigation"]=>
string(1) "0"
["show_vote"]=>
string(1) "0"
["show_readmore"]=>
string(1) "1"
["show_readmore_title"]=>
string(1) "0"
["readmore_limit"]=>
string(3) "100"
["show_tags"]=>
string(1) "1"
["show_icons"]=>
string(1) "0"
["show_print_icon"]=>
string(1) "0"
["show_email_icon"]=>
string(1) "1"
["show_hits"]=>
string(1) "0"
["show_noauth"]=>
string(1) "0"
["urls_position"]=>
string(1) "0"
["captcha"]=>
string(0) ""
["show_publishing_options"]=>
string(1) "1"
["show_article_options"]=>
string(1) "1"
["save_history"]=>
string(1) "0"
["history_limit"]=>
int(10)
["show_urls_images_frontend"]=>
string(1) "0"
["show_urls_images_backend"]=>
string(1) "1"
["targeta"]=>
int(0)
["targetb"]=>
int(0)
["targetc"]=>
int(0)
["float_intro"]=>
string(5) "right"
["float_fulltext"]=>
string(5) "right"
["category_layout"]=>
string(6) "_:blog"
["show_category_heading_title_text"]=>
string(1) "0"
["show_category_title"]=>
string(1) "0"
["show_description"]=>
string(1) "0"
["show_description_image"]=>
string(1) "0"
["maxLevel"]=>
string(1) "0"
["show_empty_categories"]=>
string(1) "0"
["show_no_articles"]=>
string(1) "1"
["show_subcat_desc"]=>
string(1) "0"
["show_cat_num_articles"]=>
string(1) "0"
["show_cat_tags"]=>
string(1) "0"
["show_base_description"]=>
string(1) "1"
["maxLevelcat"]=>
string(2) "-1"
["show_empty_categories_cat"]=>
string(1) "0"
["show_subcat_desc_cat"]=>
string(1) "1"
["show_cat_num_articles_cat"]=>
string(1) "1"
["num_leading_articles"]=>
string(2) "15"
["num_intro_articles"]=>
string(1) "0"
["num_columns"]=>
string(1) "0"
["num_links"]=>
string(1) "0"
["multi_column_order"]=>
string(1) "0"
["show_subcategory_content"]=>
string(1) "0"
["show_pagination_limit"]=>
string(1) "1"
["filter_field"]=>
string(4) "hide"
["show_headings"]=>
string(1) "1"
["list_show_date"]=>
string(1) "0"
["date_format"]=>
string(0) ""
["list_show_hits"]=>
string(1) "0"
["list_show_author"]=>
string(1) "0"
["list_show_votes"]=>
string(1) "0"
["list_show_ratings"]=>
string(1) "0"
["orderby_pri"]=>
string(4) "none"
["orderby_sec"]=>
string(5) "rdate"
["order_date"]=>
string(9) "published"
["show_pagination"]=>
string(1) "2"
["show_pagination_results"]=>
string(1) "1"
["show_featured"]=>
string(4) "show"
["show_feed_link"]=>
string(1) "1"
["feed_summary"]=>
string(1) "0"
["feed_show_readmore"]=>
string(1) "0"
["sef_advanced"]=>
int(0)
["sef_ids"]=>
int(0)
["custom_fields_enable"]=>
string(1) "1"
["show_page_heading"]=>
string(1) "0"
["menu_text"]=>
int(1)
["menu_show"]=>
int(1)
["secure"]=>
int(0)
["page_title"]=>
string(21) "Stamp Duty Calculator"
["page_description"]=>
string(11) "sample desc"
["page_rights"]=>
NULL
["robots"]=>
NULL
["access-view"]=>
bool(true)
}
["initialized":protected]=>
bool(true)
["separator"]=>
string(1) "."
}
["displayDate"]=>
string(19) "2018-07-16 06:45:49"
["slug"]=>
string(80) "18287:regional-victoria-showing-up-melbourne-in-price-performance-new-data-finds"
["catslug"]=>
string(28) "45:smart-property-investment"
["link"]=>
string(100) "/investor-stories-1/18287-regional-victoria-showing-up-melbourne-in-price-performance-new-data-finds"
}
Regional Victoria showing up Melbourne in price performance, new data finds Top Suburbs
Comparing the size of Geelong and...
Interesting stuff. Thank you. What about...
OMG this has got disaster written all...