Principal place of residence concession (PPR) Victoria

The principal place of residence concession is not available if you obtained your property for a heavily discounted price or as a gift.

conveyancer Melbourne
| Based on 100+ reviews
Best Conveyancer Melbourne

Get Your Quote Now

Our qualified property lawyers will prepare your contract of sale and vendor statement (Section 32).

"*" indicates required fields

What our clients say 🏆

Find out why Australians all across the country choose us.


The principal place of residence concession (PPR)  is available as a stamp duty reduction when you buy a new or established property, valued up to $550,000, and intend to move in within 12 months of your settlement date and live there as your primary home for at least one year.

Where there are two or more purchaser, at least one of the purchasers must satisfy these eligibility requirements. However, it is not necessary for the same buyer to occupy the home for the whole 12 months.

conveyancing Melbourne
conveyancing Melbourne

Change of circumstances

Upon receiving the principal place of residence concession, if a purchaser then becomes aware that they will not meet the PPR requirements, they must notify the Commissioner of State Revenue within 30 days.

Failure to notify within the prescribed time frame may result in the transfer being charged at the standard rates of duty with penalty being imposed.

Contact us for further information on stamp duty concessions.