Knowing the full cost

When you buy your home, you have to pay more costs than just the asking price. You should also be aware of things you’ll need to pay before and after the main purchase.

Before you buy

• Transfer duty (previously known as stamp duty)
• Land tax clearance certificate
• Professional valuation
• Property inspections
• Real estate agent fees
• Legal fees
• Conveyancing costs
• Search fees, such as a Title search

When you buy

• Bank or mortgage fees
• Home and contents insurance
• Moving costs and utility connections
• Smoke alarms and electrical safety switches

After you buy

• Council rates
• Body corporate fees (where applicable)
• Ongoing maintenance costs