What are the refundable expenses for buying a house in Australia?

1) mortgage stamp duty or loan handling fee;

2) the interest generated by the loan to buy a house;

3) The interest generated by the loan on the house itself, including the maintenance of the house, adding interlayer, etc. ;

4) Various insurances, including mortgage insurance, home property insurance and landlord insurance;

5) Some banks charge annual loan fees.

2, management and maintenance costs

1) Property management fee: Usually, only apartments with unit numbers such as apartments and townhouses will charge property fees;

2) Municipal expenses: including public management and maintenance of road traffic, planting and sanitation;

3) Water fee: The water fee borne by the landlord includes sewage charges;

4) Intermediary management fee: the expenses incurred in purchasing a house are managed by the intermediary, including the handling fee charged by the intermediary when the house is rented for the first time or when the tenant is changed;

5) Daily maintenance of the house, such as weeding, garden maintenance, pest control and general maintenance, such as electricians and plumbers.

3. Other expenses

1) local tax;

2) Rental advertising fee: the advertising fee generated by buyers when renting their own houses;

3) Building depreciation report fee: overseas houses can make depreciation reports, even very old houses can also make depreciation reports. If the house has been renovated, it can also increase the depreciation income. The newer the house, the more depreciation.

4) Travel expenses in different places: this refers to the expenses incurred in purchasing real estate, such as air tickets, hotels, restaurants, etc., but it is limited to completed houses, and only the date of handling real estate-related matters, such as the date of negotiation with lawyers and accountants, is calculated.

The following figure shows the settlement table of real transactions.

It is a good thing to get a tax refund for buying a house in Australia, but the project is complicated and prone to mistakes. If you ignore several items, you may not be able to return the tax refund. It is recommended to find a professional accountant for help. Also note that jointly purchased properties cannot be refunded by only one person.