Estimated Costs Associated with Buying

Stamp Duty

The cost of Stamp Duty varies from state to state but is generally based on the market value of the property or the price paid for the property.

Below are the rates payable for NSW properties (valid as of 2016):

Value of Property

Rate of Duty

$0—$14,000

$1.25 for every $100 or part of the dutiable value

$14,001—$30,000

$1.75 plus $1.50 for every $100 or part, by which the dutiable value exceeds $14,000

$30,001—$80,000

$415 plus $1.75 for every $100 or part, by which the dutiable value exceeds $30,000

$80,001—$300,000

$1,290 plus $3.50 for every $100 or part, by which the dutiable value exceeds $80,000

$300,001—$1m

$8,990 plus $4.50 for every $100 or part, by which the dutiable value exceeds $300,000

over $1m

$40,490 plus $5.50 for every $100 or part, by which the dutiable value exceeds $1,000,000

over $3m

$150,490 plus $7.00 for every $100 or part, by which the dutiable value of the residential property exceeds $3,000,000

Lender Fees

Loan application fee - $600

Lenders mortgage insurance -

Bank Valuation fee - $300 - $400

Building and Pest Inspections

Approximately $400 - $1000 depending on the size of the property

Other

Title insurance

Registration of title

Council and water rates

Legal searches and enquiries

Property purchase deposit -