Home Loans

Do you know how much your property purchase costs?


One of the most exciting things in your life is buying your very first property but it pays to have money put aside for the purchase costs or fees that no one really talks about which usually goes beyond your initial deposit.


Stamp duty

Usually this is the most expensive cost that comes with the purchasing of a property and is paid prior to settlement. In layman’s terms stamp duty is the tax paid to the government so they can register your mortgage but it varies from state to territory.


Pest and building inspection

If you plan on moving in then a pest and building inspection is probably the best thing for you as it can save you loads of money down the track just incase termites are there or there are any major structural issues.


Real estate agents fee’s

If you’re selling through an agent then there is an agents commission to pay


Legal costs

Conveyancing You will need a legal professional to transfer ownership of the property you are buying or selling, conveyancing fees can cost around upward of $1000

Searches Your legal rep will need to do a property and title search to ensure that the seller is legally entitled to sell the property



There are a few kinds of insurance that you may need to think about when buying a property

Lenders mortgage insurance if you borrow more than 80% of the purchase price of the property you will need to pay lenders mortgage insurance which protects the lender if you were to default on your loan

Building insurance ensures that if something were to happen to your property that you will be able to move out and into something until your place is fixed

Contents insurance just in case something goes wrong all of your contents can be replaced

Mortgage protection insurance not essential but handy if you get ill or get injured and you can’t make your mortgage repayments

If you want to know what’s your property purchase costs simply ask one of our qualified team member. Call us directly on  or contact us online.

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