Costs of buying a house or unit

How to estimate your property buying costs

Here's a simple breakdown of the main property buying costs most people face.

• The deposit. Saving up the deposit is the biggest cost most buyers face.
• Stamp duty. Many first home buyers qualify for discounts or exemptions, but it's a big tax that usually costs tens of thousands of dollars.
• Government charges. You'll also have to pay a mortgage registration fee.
• Loan fees. Most home loans charge some kind of application, settlement or establishment fee (though many don't).
• Lenders mortgage insurance (potentially). You only pay this if your deposit is below 20% of your property's value.
• Conveyancer. You need a legal expert to review your contract and represent you at settlement.
• Inspections. It's a good idea to pay for a professional building and pest inspection.
• Moving costs. Don't forget the removalist costs.
• Home insurance. You'll need a home insurance policy before settlement (unless you're buy a strata property, where your whole complex has a strata insurance policy).

Example: breaking down the home buying costs

Here's a simple example of what buying a property could cost you. Keep in mind that these are just example figures, not a representation of anyone's actual costs.

Property costs

You buy a property for $600,000. This means your property value is $600,000, which you can divide into the deposit and loan amount.

• Deposit: $60,000
• Loan amount: $540,000

In this scenario, with a 10% deposit you also have to pay lenders mortgage insurance (LMI).

Total property buying cost estimate (excluding deposit) = $36,280

*Settlement adjustments refers to your share of council rates, water rates and strata fees for the current quarter. If you are taking ownership of the property in the middle of a quarter and these costs have already been paid by the previous owner, you'll have to pay an adjusted share of the costs based on settlement day.

Download our property buying cost calculator spreadsheet

What are the upfront fees and costs of buying a house?

Beyond the cost of your deposit and home loan, there are a number of costs associated with buying a home. To get a true idea of how much your property purchase will cost, you'll need to add these up:

Government charges

• Stamp duty. Stamp duty varies from state to state, and most states offer exemptions and concessions for first home buyers.
• Title transfer fees. This fee also varies from state to state, but usually runs between $100 and $140.
• Registration fees. This fee registers your property as the physical security for your home loan. It typically costs between $115 and $140, though in some states it can be close to $200.

You can use our free stamp duty calculator to estimate how much you're likely to pay in stamp duty, title transfer and registration fees.

Fees and other upfront costs

• Lender fees. Lenders also have their own fees, which might include application, legal and settlement fees. Mortgage fees can cost several hundred dollars, so make sure you check the fees when you're comparing mortgages. If you plan to borrow more than 80% of the property’s value, you’ll also have to pay for lenders mortgage insurance which can add thousands to your total cost.
• Inspection fees. Before signing a contract for a home, it's wise to have building and pest inspections carried out. This will ensure the home you're buying is structurally sound and free from damaging pests. These inspections typically cost around $300-400.
• Moving costs. Unless you have a large vehicle and some very understanding friends, you'll likely have to pay a removalist service to help you move home. Depending upon the size of your move, a removalist can cost anywhere from a few hundred to a few thousand dollars.

How much does it cost to buy a home in Australia?

The average house price in Australia nationwide as of mid-2025 is $837,586. However, prices vary widely between different states, and also between cities and countries area.

Source: Cotality Home Value Index

Don't forget about the ongoing costs of buying a property

We've listed the main upfront costs, but there are also ongoing costs that come with owning a home. We might not consider some of these to be upfront costs, because you have to pay them regularly. But some of these costs are payable shortly after you take possession of your home, if not before. So you need to factor them in.

• Home and contents insurance. Lenders expect you to have a home insurance policy in place before settlement. You can usually pay this in instalments or upfront.
• Strata fees. If you're buying a unit or townhouse that is part of a complex, you'll probably be on a strata title. This means paying strata or body corporate fees. These fees are typically charged quarterly, and cost you several thousand dollars a year.
• Council rates. You pay a tax to your local council every quarter, which can run to around $2,000 a year.

Written by

Richard Whitten

Senior Money Editor

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full bio

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