Cost of Buying a House in Australia (2026): Complete Breakdown

Overview

Buying a house in Australia involves far more than just the purchase price. From stamp duty and legal fees to inspections, insurance and moving costs, the total upfront outlay can add 5-8% on top of the property price. This guide breaks down every cost so you can budget accurately.

Stamp Duty (Transfer Duty)

Stamp duty is typically the largest additional cost. It varies significantly by state, property value, and buyer type. First home buyers may qualify for concessions or exemptions.

• NSW Stamp Duty Guide
• VIC Stamp Duty Guide
• QLD Stamp Duty Guide
• WA Stamp Duty Guide
• All States Calculator

Legal & Conveyancing Fees

A conveyancer or solicitor handles the legal transfer of property. Typical costs range from $1,500 to $3,500 depending on complexity and location.

Building & Pest Inspection

Essential for identifying structural issues and pest damage before purchase. Typically costs $400-$800 for a combined report.

Lenders Mortgage Insurance (LMI)

If your deposit is less than 20% of the property value, most lenders require LMI. This can cost thousands to tens of thousands of dollars depending on your LVR.

• LMI Calculator
• Understanding LMI Guide

Loan Establishment Fees

Most lenders charge application or establishment fees ranging from $0 to $1,000. Some lenders waive these fees as part of promotional offers.

Government Registration Fees

Transfer of title and mortgage registration fees vary by state, typically $100-$300 combined.

Home & Contents Insurance

Lenders typically require building insurance from settlement. Budget $1,500-$3,000 per year depending on property value and location.

Moving Costs

Professional removalists for a 3-bedroom home typically cost $800-$2,000 depending on distance and volume.

Total Cost Summary

For a $750,000 property with a 10% deposit:

• Stamp duty: $20,000-$35,000 (varies by state)
• Legal fees: $2,000-$3,500
• Inspections: $500-$800
• LMI: $8,000-$15,000
• Loan fees: $0-$1,000
• Registration: $200-$400
• Insurance: $1,500-$3,000
• Moving: $800-$2,000

Total additional costs: $33,000-$60,700 (4.4-8.1% of purchase price)

Use Our Calculator

Don't estimate — calculate. Our Property Purchase Cost Calculator bundles all these costs together with state-specific stamp duty calculations.

Try the Property Purchase Cost Calculator for your exact scenario.