What do I have to pay for buying a house in Australia?

Australia is the investment choice of many immigrants. But if you want to work in Australia, you need to prepare not only the house payment, but also various taxes and fees, such as lawyer transfer fee, stamp duty, moving fee and so on. These expenses will add up to a lot of expenses, so it is better to include them in the plan. Now let's take a look at what taxes and fees we need to pay to buy a house in Australia.

1, stamp duty

State governments will levy stamp duty on housing transactions and calculate the price of stamp duty according to different house prices. States charge different rates, and may also enjoy continuous preferential treatment. In addition to stamp duty, there are two additional government registration fees, one is mortgage registration fee, and the other is property ownership transfer registration fee.

2, municipal fees and water charges

This is the fee collected by the local government from all owners in the area for the renovation and maintenance of local infrastructure. The cost varies greatly in different regions, and it is also related to the floor space of the house. Generally, it is 1000 to 3000 Australian dollars per year. The municipal fees and water charges of apartments are usually cheaper than those of villas in the same area, and some are only 400 to 500 Australian dollars a year.

3. Fees of lending institutions

Lending institutions will charge housing lenders a one-time account opening fee and other handling fees, and some lending institutions will waive this fee in order to win business. In addition, most banks will charge a certain annual fee or monthly fee according to different products.

4. Property management fee

Only apartment owners and some townhouse owners need to pay this fee, and villa owners usually don't need to pay it. The property management fee of the apartment is about 1000 to 3000 Australian dollars per year. The more facilities there are in apartments, the more expensive the property management fee will be, and the property management fee for townhouses is mostly around 500 to 65,438+0,000 Australian dollars per year.

5. Moving expenses and real estate agency fees

Asking a professional moving company to move can relieve a lot of pressure, and the charge generally ranges from 300- 1000 Australian dollars. In addition, it is necessary to undertake certain real estate agents.

6. Lawyer's transfer fee

The legal transfer of house ownership is generally handled by a lawyer, and the lawyer's fee usually ranges from 400- 1000 Australian dollars. Coupled with various delivery fees, deposit and withdrawal fees and various government miscellaneous fees, this fee will be higher.

7. Mortgage insurance premium

If your loan amount is higher than 80% of the house price, then you must pay the mortgage insurance premium, which will give the lending institution some protection if you can't repay it.

8. Housing insurance premium

Most owners who buy houses in Australia will insure their houses. In order to protect your property and prevent your house from physical losses, you need to buy home insurance, and the insurance cost is about 1000 Australian dollars per year.

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