Budgeting for All the Costs of Buying Property

The purchase price of a property is just the beginning. First-time and experienced buyers alike are often surprised by the additional costs involved in a property transaction. This calculator helps you budget for stamp duty (which varies significantly by state, property value, and buyer type), conveyancing fees, building and pest inspections, lender fees, and other upfront costs.

As a rough guide, budget 3–5% of the purchase price in additional costs for established properties (more for first-time buyers without stamp duty concessions). Knowing your true “total funds required” figure upfront prevents the common situation of having a sufficient deposit for the purchase price but insufficient cash to complete settlement.

Tip: First home buyers in most states receive stamp duty concessions or exemptions up to certain price thresholds. Your broker can confirm the exact threshold for your state and ensure your purchase price stays within the most beneficial range.