Non residents – Typical Purchase Costs

As a general rule investors should allow:

Legal fees: AUD$1,200 to $1,500
Loan Application and settlement fees: AUD$500 to $800
Government transfer fees etc: $600 to $1,500
Valuation: Usually included in loan application
Property Stamp Duty: This is a state duty and varies for each state.

For more information on:

•  New South Wales (Sydney) see www.osr.nsw.gov.au

•  Victoria (Melbourne) see www.sro.vic.gov.au

•  Queensland (Brisbane) see www.osr.qld.gov.au

Stamp Duty Calculator: Click Here
If you are using this calculator please bear in mind that if you are looking at an off plan purchase in Melbourne, the stamp duty is calculated on the value of the property at the time of contract exchange (not neccessarily the purchase price) if you purchase prior to construction then you will only be paying stamp duty on the land value.


Exchange Rate Variation:

Investors should be aware that there can be a potential gain or loss on exchange rate variations. Currently the Australian exchange rate is very favourable for most foreign investors.

Property Management:

Home Port Property work with a number of specialist local property managers. The general charge for property management is 7.5%+gst (of the rent collected). The general fee charged to lease an apartment is one weeks rent.

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