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Finance & Costs


When buying a property, you need to calculate the total cost of the transaction, not just the purchase price. There are various fees and charges you need to pay which can add thousands of dollars to the cost of a home. Factor the following into the total cost of purchasing a property.

  • Valuation fees

  • Transfer of registration fees

  • Bank charges

  • Other professional fees

  • Moving costs

  • Inspection fees

  • Mortgage insurance

  • Stamp duty


It is important to arrange finance which matches your repayment capabilities. Shop around for finance. Many charges associated with a loan are negotiable and vary enormously between lending institutions. Understand the terms of repayment. Obtain as much information as possible and if necessary, ask the lender to explain the terms and conditions of a loan in writing.

First Home Owner Grant

You may be entitled to government assistance under the First Home Owner Grant (FHOG) assistance scheme. The grant can be used to purchase a new property or to build a new home. Application forms are available from the State Revenue Office (

Stamp duty concessions


You may be entitled to a stamp duty concession which will reduce the amount of stamp duty which you are required to pay.

For example, if you purchase a property which will be used as your principal place of residence, a reduced rate of stamp duty could apply. Further information is available from the State Revenue Office (

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