5 costs you need to consider before buying a property in Australia


1. Deposit of between 0-20% depending on your individual circumstances.

2. Stamp Duty. This amount is dependent on the state you live in, and how much the property is worth. First home buyers do receive a concession and this varies from state to state too.

3. Purchase costs including building and pest inspections, legal fees, settlement costs including bank fees.

4. Moving costs. This may include new furniture if required, removalists and maybe a cleaner!

5. Rainy day fund. Try not to wipe out all your savings. You could aim for savings equivalent to 3 months of expenses.

If you’re ready to buy property, and need guidance on finding the perfect loan for your situation get in touch by clicking on the button below. 🙌🏼 🏡✨

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