Costs to Allow For When Buying and Selling Property

• Conveyancing costs
• Purchasing costs
• Selling costs

CONVEYANCING COSTS

Sargeants Conveyancing prices are extremely competitive and all quoted prices include GST, disbursements and our solicitor's fees.

Use our online cost calculator below for a quote.^#

Where do you live?:	< Select a location > Victoria Australia Interstate (Outside Victoria Australia) Overseas
Selling or Purchasing:	< Select a type > Purchasing Selling by Auction Selling by Private Treaty

^#A small minority of property transactions incur extra costs, these are normally incurred because you, your selling agent or mortgagee have requirements outside what are typical for a standard conveyancing transaction.

Alternatively, call 1800 SARGEANTS and fill in the form below to speak with our friendly team.

COSTS INCURRED WHEN PURCHASING PROPERTY

Mortgage Brokerage Fees
This is generally a free service, however, some brokers require a consultation fee upfront. Choosing the right mortgage broker can save you thousands of dollars and weeks of stress.

We deal with the best mortgage brokers in Melbourne who provide a free service to our clients and we will happily give you a recommendation.

Mortgagee/Bank Fees
These fees vary between financial institutions. Be aware of hidden costs, such as early repayment fees, bank cheque fees, mortgage insurance, settlement fees, etc. Your loan offer documents list these costs, so make sure you read them carefully.

Building/Pest Inspections
Inspection costs can vary from $300 to $600. Please call our office on 1800 SARGEANTS (727 432) for a referral to our recommended building inspector.

Stamp Duty
You can find out the Stamp Duty payable using the State Revenue Office Stamp Duty Calculator.

Registration Fees
The Victorian Land Titles Office calculates Transfer Registration fees as $115.90 + $2.46 for every whole $1,000 of the monetary consideration. This fee does not exceed $1,346.

Rates
The vendor pays the following prior to, or at settlement:

• Council rates
• Water authority
• Land tax
• Body corporate rates

These costs are calculated prior to settlement in a Statement of Adjustments document. The purchaser must reimburse the vendor for amounts paid beyond settlement day.

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COSTS INCURRED WHEN SELLING PROPERTY

Agents Commission/Fees
Agents' fees are usually based on a percentage of the final sale price. Agents are competitive, so you can compare and negotiate costs. You might also consider a Vendors Advocate to select and negotiate with the selling agent on your behalf.

Please call us on 1800 SARGEANTS or fill in the form below and we will happily give you a recommendation.

Discharge of Mortgage
The Land Titles Office charges $95.10 to withdraw each registered mortgage. Your financial institution will also charge fees to end the mortgage. These may be particularly high if you have a "fixed loan".

Rates
As vendor, you must pay council rates, water authority, land tax and body corporate rates prior to, or at settlement. If the rates are unpaid, the purchasers' representative will ensure cheques for these rates are drawn at settlement. However, the purchaser will reimburse you for their portion. This is calculated in a document called Statement of Adjustments.

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