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[Major event website] Australia buying taxes and fees

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When buying real estate in Australia,hot topic in addition to the price of the house itself, there are some related taxes and expenses.This article will analyze various taxes and fees that may involve when buying a house in Australia.

The stamp duty is the largest additional cost when buying a house in Australia, and the states have their own calculation methods and discounts.For second -hand housing, the stamp duty is about 3%to 5%of house prices (tax land tax); for the final house, the stamp duty is about 0.5%of house prices.It should be noted that starting from July 1, 2017, only the first home owners and home buyers can enjoy the preferential stamp duty and reduction.The stamp duty needs to be paid to the government at one time when the house is delivered.

In Australia, house sales generally need professional lawyers to help you complete the transfer procedures. The lawyer's transfer fee ranges from A $ 400-2000.

If you need loans to purchase real estate, you need to consider loan fees.New housing lenders need to pay about $ 1,000 to the lending institution, and some banks may also charge an annual service fee of about hundreds of A $ hundred.However, these service fees can be exempted by negotiation with banks or loan agencies.

Before buying real estate, house inspection is a very important link.Professional house inspectors will conduct detailed inspections of the structure, maintenance status, and potential risks of the house, and issue corresponding reports.According to the size of the house and the details of the inspection, the house inspection fee will be different.

In addition to the above main costs, there are some other expenses that need to be considered.For example, if you need to renovate or transform the house, then you also need to pay related decoration costs; if you need to buy supporting equipment such as furniture or home appliances, you also need to consider the corresponding shopping costs;The expenses also need to be considered.


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