There are certain costs associated with purchasing a home in Queensland. Here we talk about the basic costs to factor in, to ensure you are aware and covered, when buying your first home.
Before you buy
- Transfer duty (previously known as stamp duty)
To calculate estimate, visit:
https://www.qld.gov.au/housing/buying-owning-home/advice-buying-home/transfer-duty/how-much-you-will-pay/calculating-transfer-duty/estimate-transfer-duty - Land tax clearance certificate
- Professional valuation
- Property inspections
- Real estate agent fees
- Legal fees
- Conveyancing costs – Get an incredibly easy 10-second quote here
- Search fees, such as a Title search
- Special conditions and clauses
- Remember to review your Wills & Power of Attorneys
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
Note: these are an indicator of costs and each situation may be different. Please contact your professional associates for full costs and information.