What Fees Are Involved?

When planning to purchase a property, it’s essential to look beyond the purchase price and account for the additional upfront costs that are often involved. Our Fees Calculator is a valuable tool to help you estimate these expenses and gain a clearer understanding of your total financial commitment before making a move.

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Key costs to consider include stamp duty, which is calculated based on your property’s value and location, and can vary significantly between states. You’ll also need to factor in legal and conveyancing fees, lender application or settlement fees and government charges. These expenses can quickly add up, and being prepared for them ensures a smoother, more financially secure purchasing process.

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If you're a first home buyer, you may be eligible for a range of government grants, rebates, or stamp duty concessions, depending on your state or territory. These benefits can reduce your upfront costs considerably and help make entering the property market more accessible. For example, some states offer First Home Owner Grants (FHOG) for those purchasing newly built properties, while others provide stamp duty exemptions or discounts for properties under certain thresholds. It’s important to understand what you qualify for so you can take full advantage of these incentives.

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Additionally, buying a new property can differ significantly from purchasing an established home. New homes may attract higher government rebates for first-time buyers and could offer savings on maintenance and repair costs in the early years. On the other hand, established homes may have lower upfront pricing but potentially higher maintenance or renovation expenses.

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Using the Fees Calculator is a smart way to plan for these differences and ensure that no hidden costs catch you off guard. With a clear breakdown of your upfront expenses, you'll be better equipped to budget effectively and approach your property purchase with confidence.