What are mortgage registration fees?

close up of man with calculator countingMortgage registration fees are one of the often-overlooked costs of refinancing a home loan.

Whether you’re refinancing your home loan or buying a new property, one of the costs you’ll incur is the mortgage registration fee. While it tends to be a minor cost, it’s an important one to factor in. It’s particularly important to consider when you’re refinancing, as it can affect the savings you make when you refinance your home loan.

What is the mortgage registration fee?

A mortgage registration fee is charged by state and territory governments to register the security for a home loan. In other words, it registers the physical property as the security on a home loan.

This process is important because it allows future buyers to check any claims that exist on a property. The fee is paid when a home loan is established or when it’s discharged.

How much is the mortgage registration fee?

The cost of the mortgage registration fee varies from state to state. Here’s what you can expect to pay:

  • ACT: $145
  • New South Wales: $141.60
  • Northern Territory: $145
  • Queensland: $187
  • South Australia: $163
  • Tasmania: $135.09 to register, $167.48 to discharge
  • Victoria: $116.80
  • Western Australia: $171.20

Are mortgage registration fees a big expense?

Mortgage registration fees are minimal compared with some of the other costs of a home loan, such as stamp duty and lenders mortgage insurance (LMI), but it’s important to know all the fees involved, particularly when refinancing your home loan.

To get a full picture of the costs and benefits of refinancing your home loan, you can visit our guide.

If you’re a first time buyer, you can check out our guide to some of the hidden costs involved in buying your first property.

Refinancing? Compare refinance loans

Rates last updated November 12th, 2019
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
2.84%
2.84%
$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.
3.03%
3.04%
$0
$0 p.a.
90%
Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000.
2.88%
2.90%
$0
$0 p.a.
80%
Get one of the lowest variable interest rates on the market and pay 0 application or ongoing fees.
2.89%
3.31%
$0
$10 monthly ($120 p.a.)
80%
Buy your home and lock in a low rate for the first two years. Available with a 10% deposit. Earn Velocity Frequent Flyer Points at settlement, monthly and every three years, plus extra bonus points for a limited time.
2.77%
2.78%
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80%
A very competitive variable rate mortgage for home buyers with a 20% deposit saved. Add an optional 100% offset account for a $10 monthly fee.

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