Victoria
Mortgage broker for Victoria home buyers and investorsBuying in VIC? Get the numbers right.
Magnus Finance works with home buyers and property investors in Victoria and right across Australia. We map your borrowing position across real lender calculators, then structure each loan so your next move stays possible.
Book a strategy callThe information on this page is general in nature and doesn't consider your personal circumstances. Government rules were current as at November 2026 and change often. Confirm the details with the State Revenue Office Victoria before you rely on them, and consider whether this information is right for your situation.
Victoria rules that affect your loan.
Stamp duty in VIC
In Victoria it's called land transfer duty. It's usually your biggest upfront cost after the deposit, and lenders want to see you can cover it. Use the State Revenue Office Victoria calculator for your exact figure.
First home buyers in VIC
- First home buyers pay no duty on homes up to $600,000, with a concession between $600,001 and $750,000.
- You must buy as a natural person, at least one buyer must be an Australian or New Zealand citizen or permanent resident, and you must live in the home for 12 continuous months.
- The Victorian First Home Owner Grant is $10,000 for newly built or never-occupied homes valued up to $750,000.
- The federal 5% Deposit Scheme lets eligible first home buyers purchase with a 5% deposit and no lenders mortgage insurance. Price caps vary by location, so check the Housing Australia eligibility tool.
Property investors in VIC
- Victoria's general land tax threshold is just $50,000, much lower than most states, so land tax is a real holding cost on Victorian investment property.
- Trusts pay surcharge rates that start at $25,000 of land value.
- Absentee owners pay a 4% land tax surcharge on top of the general rates.
How Magnus Finance helps
- We run your borrowing capacity across lenders. It can vary a lot from bank to bank for the same person.
- We check how lenders treat the property's postcode and type before you commit.
- We structure each loan, in your name, a trust or a company, so it doesn't block your next purchase. Confirm entity structures with your accountant.
- Everything is done by phone, email and a secure online portal, wherever you are in Australia.
VIC questions.
Why is land tax higher on Victorian investment properties?
Victoria's general land tax threshold is $50,000, and trust surcharge rates start at $25,000, so most investment properties attract land tax. Factor it into cashflow before you buy, and talk to your accountant about the structure.
Do I need a mortgage broker based in Victoria?
No. Magnus Finance is based in Brisbane and works with clients in Victoria and right across Australia by phone, email and a secure online portal. Lender policy, not broker location, decides what you can borrow.
What does a broker do differently for VIC property?
We check how each lender treats the property's location and type, run your numbers through real lender calculators, and factor in state costs like duty and land tax before recommending a structure.