Cost of buying a property calculator

Know exactly how much buying a property will cost so you can budget accurately and save more.

If you've saved an adequate deposit and you're ready to buy a home, you may think you've calculated all your costs. However, while a deposit might be the most significant cost associated with purchasing a property, it's far from the only one. From government charges to lender fees, insurance to inspections, there are a whole host of secondary costs associated with buying a house. Adding these up will give you a full picture of the price of your home.

Property buying cost estimates

Here's a simple breakdown of what buying a property could cost you. Keep in mind that this is just an estimate.

Government charges

  • Stamp duty: $10,000
  • Mortgage registration fee: $150
  • Transfer fee: $300

Lender fees

  • Loan application fees: $600
  • Legal fees: $330
  • Lenders mortgage insurance: $4,000

Other buying costs

  • Solicitor and conveyancing: $1,000
  • Strata search: $0
  • Home and contents insurance: $580
  • Pest inspection: $200
  • Moving costs: $700
  • Building/council inspection: $0
  • Connecting utilities: $50
  • Land tax/council rates: $25

Total property buying cost estimate = $17,935

Download our property buying cost calculator spreadsheet

What are the costs of buying a property?

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:

  • 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 the calculator below to work out how much you're likely to pay in stamp duty, title transfer and registration fees.

  • Lender fees. Lenders also have their own fees associated with home loans. Depending upon the loan you decide on, you could find yourself paying application, legal and settlement fees. This 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 (LMI) 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. You can learn more about the different types of inspections here.
  • Home and contents insurance. Before your lender will unconditionally approve your home loan, you'll need building insurance. It's also a good idea to insure the contents in your new home. You can compare home and contents insurance policies here.
  • 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, this can cost anywhere from a few hundred to a few thousand dollars. Make sure you compare removalist services and get several quotes.

Frequently asked questions about property buying costs

Do I have to pay ongoing fees when I get a loan?

While some home loans attract monthly or annual account keeping fees, not all do. If you have to pay a seemingly insignificant $10 monthly fee over a course of 30 years, you end up paying $3,600 in all.

Why do I have to pay for lenders mortgage insurance?

Lenders require borrowers to pay for lenders mortgage insurance if they wish to borrow in excess of 80% of the property’s value. This insurance policy allows lenders to recoup their costs in the event you default on your home loan.

Should I pay for property inspections?

A building and pest inspection safeguards your interests. An inspection establishes if the house in question is structurally sound and free of pests.


Start comparing mortgages right now

Rates last updated January 19th, 2019
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.59%
3.59%
$0
$0 p.a.
80%
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
3.59%
3.61%
$0
$0 p.a.
90%
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.
3.64%
3.66%
$0
$0 p.a.
80%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $2000000 from a convenient online lender.
3.69%
3.72%
$445
$0 p.a.
90%
NSW and ACT customers only. Get a special discount for a limited time when you open an IMB Transaction Account.
3.49%
4.57%
$0
$395 p.a.
90%
Loans over $150000 get a discount off an already low fixed rate. Available for NSW, QLD and ACT residents only.
3.54%
3.58%
$0
$0 p.a.
80%
Get a competitive rate, save on fees and access a 100% offset account plus redraw facility. $900 cashback offer.
3.59%
3.63%
$0
$0 p.a.
90%
Get a low variable interest rate and buy a property with just a 10% deposit. 100% offset account attached.
3.64%
3.64%
$0
$0 p.a.
70%
A low interest rate home loan with no application or ongoing fees.
3.79%
4.22%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.75%
3.75%
$0
$0 p.a.
70%
A simple mortgage with no application or ongoing fees that has extra repayments plus split and redraw options. Requires a 30% deposit.
3.57%
3.58%
$0
$0 p.a.
80%
Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.
3.85%
3.85%
$0
$0 p.a.
80%
Low fee loan with extra repayments. Pay no application and ongoing fees and take advantage of split and redraw options.
3.73%
3.87%
$0
$10 monthly ($120 p.a.)
80%
Earn Velocity Frequent Flyer Points with this mortgage to spend on flights and more (for a limited time, subject to eligibility requirements). Redraw facility available on this variable rate home loan. Competitive interest rate.
3.80%
4.05%
$0
$0 p.a.
70%
Earn tens of thousands of Qantas Points to spend on flights, hotels and more with this variable owner occupier mortgage. Competitive variable rate mortgage that requires a 30% deposit.
3.49%
3.53%
$250
$0 p.a.
80%
A very low variable interest rate for borrowers with a 20% deposit. Add a 100% offset account for $10 a month.
3.82%
3.93%
$0
$10 monthly ($120 p.a.)
90%
Get Velocity Frequent Flyer Points at settlement, monthly and every three years, plus the option to make up to $10,000 a year in extra repayments.
3.68%
3.70%
$0
$0 p.a.
80%
A competitive variable rate mortgage for owner occupiers that comes with a no fee debit card with a $5,000 limit.
3.72%
3.72%
$0
$0 p.a.
110%
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, Qld and ACT only.
3.79%
3.79%
$0
$0 p.a.
80%
Access an offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.69%
3.83%
$0
$10 monthly ($120 p.a.)
80%
Earn Velocity Frequent Flyer Points on your mortgage (subject to eligibility requirements). Plus, access a 100% offset account to save on interest.
3.70%
3.70%
$0
$0 p.a.
70%
Get a discount for keeping your LVR at $70% or below with this innovative online lender.
3.67%
3.72%
$600
$0 p.a.
80%
Family guarantee option available. Enjoy flexible repayments and a low minimum loan amount.
3.74%
4.13%
$0
$349 p.a.
90%
Get a sharp rate plus package discounts and a 100% offset account.
3.84%
3.84%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.64%
3.59%
$0
$0 p.a.
80%
Fast, 100% online application process. Very limited fees. Optional offset account (with fee).
3.89%
4.27%
$0
$395 p.a.
80%
New borrowers or refinancers can get a discounted rate with this package loan.
3.59%
3.58%
$0
$0 p.a.
80%
Apply online and get fast approval for this fixed rate, low-fee loan with redraw facilities. Add a 100% offset account for a small fee.
3.89%
3.91%
$0
$0 p.a.
80%
This variable rate loan keeps the features simple and fees low. This loan is offered by a 100% online lender.
3.72%
3.74%
$0
$0 p.a.
80%
Save on interest by taking advantage of a 100% offset account along with no ongoing fees or application fees.
3.84%
3.82%
$0
$0 p.a.
80%
A fixed rate loan with free redraws, few ongoing fees. Apply online with a fast approval process.
3.69%
4.08%
$0
$349 p.a.
90%
Package your loan with other AMP products and save on rates and fees.
3.69%
4.75%
$0
$395 p.a.
90%
Enjoy a competitive rate with no application fee for this package loan.
4.04%
4.07%
$0
$0 p.a.
90%
For a limited time, pay no application or settlement fees. You can also take advantage of a free redraw facility.
3.59%
4.14%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.75%
4.00%
$0
$248 p.a.
70%
Borrowers with a 30% deposit can get this competitive rate. Cut down on interest costs with a 100% offset account.
3.97%
3.99%
$0
$0 p.a.
80%
Package your owner occupied loan with investment loan and receive a discounted investment rate. 100% offset account included.
3.99%
4.44%
$395
$0 p.a.
80%
Pay no ongoing fees on this investment loan fixed for 3 years.
3.69%
4.86%
$0
$395 p.a.
90%
Special discounted rate for first home buyers. Start your home buying journey with 2 years of fixed repayments at a competitive rate plus package discounts. Available with a 10% deposit.
3.70%
3.90%
$0
$0 p.a.
70%
Enjoy all the benefits of the Basic Home Loan and take advantage of an offset account.
3.99%
3.95%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying, and pay no application fee.
3.74%
4.01%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.91%
3.92%
$0
$0 p.a.
80%
Investors can go from application to approval in as little as 20 minutes with this innovative online lender.
3.94%
3.94%
$0
$0 p.a.
70%
Investors with a 30% deposit can get this low rate loan to fund their property portfolio. Take advantage of split and redraw facilities.
3.99%
3.92%
$0
$0 p.a.
80%
A variable interest-only loan for investors. Fast application, low fees, optional offset account. 100% online lender.
4.29%
4.31%
$0
$0 p.a.
80%
Investors will pay no application or ongoing fees for this interest-only loan.
3.74%
3.74%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule.
4.18%
4.18%
$0
$0 p.a.
80%
Investors get a 100% offset account and pay no application or ongoing fees on this loan from an innovative online lender.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.89%
4.24%
$0
$0 p.a.
80%
Fix your rate and minimise repayments for 2 years with this interest-only investor mortgage.
3.94%
4.95%
$595
$0 p.a.
95%
Borrow up to 95% LVR of the value of the property you're buying and pay no application or ongoing fees.
4.29%
4.26%
$0
$0 p.a.
95%
A competitive 3-year fixed rate loan with a high max insured LVR.
3.89%
3.91%
$0
$0 p.a.
80%
Investors can go from application to full approval in as little as 20 minutes with this innovative online lender.
4.14%
4.81%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
3.99%
3.99%
$0
$0 p.a.
80%
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required.
3.89%
3.91%
$0
$0 p.a.
80%
Lock in your interest rate for 2 years and enjoy flexibility, an optional offset account and a fast online application process.

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Adam Smith

Adam has more than five years of experience writing about the Australian home loan market.

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Important Information*
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 3.59% p.a. and a 3.59% p.a. comparison rate.

HSBC Home Value Loan - (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.

loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

Tic:Toc Live in Loan Variable Rate - Principal & Interest

Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.

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6 Responses

  1. Default Gravatar
    KushAugust 30, 2018

    Hi, I wish to purchase or build our first home for around 700k. Could you please help me to calculate the total cost (stamps, gov fee and all) if the deposit is 5% and 10%?
    Thanks

    • finder Customer Care
      JoshuaAugust 30, 2018Staff

      Hi Kush,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      I can’t give you a straightforward to your question since there are just too many things that need to be addressed when buying or building a house. There are also other factors that may affect your stamp duties, government fees, and other costs.

      Research is a key here. You may start reading about how much you are going to spend by reading our guide, “The hidden costs of buying a property.” Next is you need to speak to a professional mortgage broker to get a more personalised answer and discuss your different options. Here’s our list of mortgage brokers. Check it out.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    AnneAugust 29, 2018

    Hi, My husband has recently passed away, I am looking at down sizing as I will not be able to manage the house on my own. I would like to build a house with a granny flat and my son & daughter-in-law would rent the house to provide me with income. I am 63 and on a disability pension. I own the house I live in and would be able to own the new property outright, I am needing help in knowing the right way to go about this next stage in my life. Thank you for your time, Anne

    • finder Customer Care
      JoshuaAugust 29, 2018Staff

      Hi Ann,

      Thanks for getting in touch with finder. Sorry to hear about your husband passing away. I hope all is well with you today.

      Regarding your question, there are different steps to buying a house and there are various considerations as well. For this reason, it would be a good idea to review our guide, “The ultimate Australian home buying guide.”

      Moreover, it would also be a good idea to speak to a real estate agent. On this page, you will learn more about how a real estate agent can help you and how to find one.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    NatalieAugust 18, 2017

    Hi
    I am buying a house for $30000 in a small rural town in Qld and I want to know how much my settlement and stamp duty are going to be so I can factor them into my budget
    Please answer asap

    • Default Gravatar
      ArnoldAugust 18, 2017

      Hi Natalie,

      Thanks for your inquiry.

      Based on our stamp duty calculators you will pay the following fees:

      Stamp duty on property $75.00
      Transfer fee $162.90
      Mortgage registration fee $168.60
      Total fees $406.50

      Hope this information helped.

      Cheers,
      Arnold

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