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Additional Costs When Purchasing a House

Additional Costs When Purchasing a House

Wouldn't it be nice if the only amount of money you needed to outlay when purchasing a home was the actual cost of the house.

Unfortunately, this isn't the case so let me break down some extra costs associated with purchasing a home in Queensland.

1. Solicitor/Conveyancer Fees

When you purchase a property you will need to engage a Solicitor/Conveyancer.

The cost can vary depending on who you choose and what their inclusions are however, approximate costs are between $800-$1,300.

Approx. $800 - $1,300

2. Pest and Building Inspection

You will likely want to do a pest and building inspection when purchasing. 

Inspection costs typically range between $400 - $800 depending on who you choose and the size of the property.

Approx. $400 - $800

3. Stamp Duty

Stamp duty is calculated based on the house cost so this cost can vary. If you're a first home buyer in QLD, there is a transfer/stamp duty concession for eligible first buyers purchasing a home valued at less than $550k. 

Stamp duty is waived on homes worth less than $500k, while concessional rates apply to those valued $500-550k.

Use the free stamp duty calculator here

4. Property Management Fees

If you're purchasing a home as an Investor you will have additional costs associated with the management of your property.

It's good to know what approximate costs of the fees etc. will be prior to purchasing the property so you can prepare.

Every agency will have different costs so reach out to a few and get some quotes.

5. Repairs

Unless you're buying a home you had the intention of renovating it's easy to forget that you will likely need to do a few minor repairs within the first year.

It's a good idea to have a little bit of money aside just in case repairs are required.

Approx. $1,000

6. Body Corp

If you are purchasing a property under a Body Corp or Strata Title, there will be additional fees associated which vary from complex to complex.

Approx. - $1,500 - $3,500 annually.

7. Mortgage Registration Fee

This is payable at settlement so the lending institution can register their mortgage over the property – it is currently set at $208.83 in Queensland.

Cost $208.83

FAQ

Do I need to be there for open homes or inspections?

Not at all. We’ll handle everything professionally, respecting your time and space while ensuring buyers feel welcome and informed.

How should I prepare my home for sale?

Presentation matters. From minor touch-ups to expert styling, we’ll guide you on how to showcase your home in its best light—inside and out.

What should I look for in a real estate agent?

Experience, communication, and local knowledge count. You want someone who listens, guides you with honesty, and knows how to get results—now and always.

What’s a property appraisal, and why does it matter?

A professional appraisal gives you a clear understanding of your home’s current market value—an essential first step in planning your sale with confidence.

When’s the right time to sell?

The ‘perfect’ time depends on your property, your goals, and the market. We’ll help you weigh the factors and decide what works best for you.

Will I need to pay Stamp Duty?

Stamp Duty usually applies to buyers, but rules can vary. We can connect you with trusted legal and financial advisors to make sure everything’s covered.

‘What’s the best way to market my property?’

The best marketing strategy is one that’s tailored—to your home, your audience, and the current market. It’s not about ticking boxes; it’s about standing out where it matters. That means combining strong digital reach with compelling visuals, authentic storytelling, and targeted strategy. If you’re thinking about selling Talk to us today.