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. Â
Before you buyÂ
- Transfer duty (previously known as stamp duty)
To calculate estimate, visit:Â
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 valuationÂ
- Property inspectionsÂ
- Real estate agent feesÂ
- Legal feesÂ
- Conveyancing costs – Get an incredibly easy 10-second quote here
- Search fees, such as a Title searchÂ
- Special conditions and clauses
- Remember to review your Wills & Power of Attorneys
When you buyÂ
- Bank or mortgage feesÂ
- Home and contents insuranceÂ
- Moving costs and utility connectionsÂ
- Smoke alarms and electrical safety switchesÂ
After you buyÂ
- Council ratesÂ
- Body corporate fees (where applicable)Â
- Ongoing maintenance costsÂ
Note: these are an indicator of costs and each situation may be different. Please contact your professional associates for full costs and information. Â
Credit Source: https://www.qld.gov.au/law/housing-and-neighbours/buying-and-selling-a-property/buying-a-home/before-you-start-looking/knowing-the-full-costÂ