How are transfer costs calculated?

Okay, so you’re probably wondering how much all of this is going to cost you, right? Well, the transfer costs are calculated based on a few different factors.

First, there’s the transfer duty – that’s a tax levied by the government on property transfers. The amount of transfer duty you’ll need to pay depends on the purchase price of the property, and there are different rates for different price brackets.

Then, there are the conveyancing fees – that’s the cost of the conveyancer’s services. Our council provides us with proposed fees dependent on the purchase price / value of the property.

Finally, there are a bunch of other smaller costs to take into account, like Deeds Office fees, rates and taxes, and so on.

Click here to use our calculator to calculate your probable costs.