Does the Australian housing property fee include home insurance?

Australian property costs include home insurance.

Taking buying a house in Melbourne as an example, the cost of buying a house can be divided into direct costs and indirect costs: direct costs usually refer to government costs, including stamp duty on house purchase and land ownership registration and transfer fees levied by land ownership administration. Among them, the stamp duty is divided into four grades according to the house price: the house price below 20,000 Australian dollars is levied at 1.4%; 115,000 Australian dollars or less is levied at 2.4% minus 200 Australian dollars; Less than AUD 870,000 is levied at 6% minus AUD 4,340, of which the land ownership transfer registration fee of the Land Ownership Administration is AUD 1.323, and the loan registration fee is AUD 92.

Indirect expenses are also non-government expenses, such as attorney's fees, loan fees, home insurance, loan insurance, etc. It can be roughly divided into: lawyer's fee of 650 Australian dollars, loan fee of 600 Australian dollars, house insurance fee of 350 Australian dollars and other adjustment fees of 300 Australian dollars. If the property is worth 500,000 Australian dollars, according to the appeal rate, the cost of buying a house is about 28,975 Australian dollars, and the maintenance cost is10.5 million Australian dollars to 2 million Australian dollars, including the property management fee and Australian real estate tax.

To sum up, the specific Australian real estate tax can be divided into stamp duty, mortgage registration fee, land transfer fee, municipal construction fee (including all fees similar to garbage collection and regional park maintenance fee, etc.). ), land household name registration fee, water fee (including providing clean water and drainage services). Other related expenses: transfer fees, home insurance and family property insurance, mortgage insurance, house inspection fee.