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Frankston is a bayside suburb in Melbourne's south-east with a median house price of approximately $790,000 and a median unit price of around $520,000 in 2026. Victorian stamp duty on these median prices is:Median house ($790,000): $42,470 stamp dutyMedian unit ($520,000): $26,27
Stamp duty on a $790,000 house in Frankston is $42,470. This price exceeds the Victorian FHB concession cap of $750,000, so first home buyers pay the full amount.
Yes - on units and properties under $600,000. Frankston's median unit of ~$520,000 qualifies for full exemption, saving $26,270. For houses, you'd need to find properties under $600,000 for full exemption, or under $750,000 for the concessional rate.
Yes. Frankston's higher median prices mean more stamp duty: $42,470 for the median house versus $31,670 in Werribee. For FHBs, the gap is even wider - Werribee FHBs pay ~$2,112 for the median house while Frankston FHBs pay $42,470 (no concession at $790k).
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