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What are some of the added costs incurred?

Purchase Costs

On top of the loan deposit, each state’s revenue office will charge some fees relating to the purchase of a property. Every state’s stamp duties, taxes and fees are varied and in some states there are concessions for certain types of buyers (ie First Home Buyers).

On my Useful Links page, you can click on each state and territory’s revenue offices to look up the fees that may apply. Some fees related to property include: Land Transfer (Conveyancing) Stamp Duty, Title Transfer Registration fees, Mortgage Registration fees, Lenders’ Mortgage Insurance Stamp Duty and Land Tax.

Another professional well worth speaking to is a conveyancer or solicitor. Click here to speak to one of my preferred conveyancers today.  Alternatively, contact me for a more detailed discussion on fees.