Property Settlement Cost Calculator

How it works

The purchase price is just the start. Stamp duty is usually the biggest extra cost, and first home buyer concessions can cut it to nothing; then come conveyancing, inspections, loan fees and, above 80% of the price, lenders mortgage insurance. This calculator works out the stamp duty for your state and buyer type from each revenue office's current rates, and adds the other costs from your quotes, because they vary by provider.

1. 1Enter the purchase price.
2. 2Select your state for accurate stamp duty and fee calculations.
3. 3Choose your buyer type for applicable concessions.
4. 4Select the property type.
5. 5Add your loan amount to calculate mortgage-related fees.
6. 6See a complete settlement cost breakdown with every fee itemised.

Worked examples

Questions people ask

How much should I budget for settlement costs?

Work out the stamp duty for your state and buyer type, then add the quotes for conveyancing, inspections, loan fees and any LMI, plus the state's registry fees. First home buyers under their state's price limits may pay little or no duty.

What happens if I don't have enough money at settlement?

If you're short on settlement day, you risk defaulting on the contract. The vendor may be able to terminate the contract and keep your deposit. You may also be liable for the vendor's losses. Always confirm your settlement figures with your conveyancer at least 1 week before settlement.

The terms, in plain English

Settlement

The formal process of transferring property ownership from seller to buyer. Legal documents are exchanged, funds are transferred, and the title is registered in the buyer's name.

Conveyancing

The legal process of preparing and processing documents for property transfer. Handled by a conveyancer or solicitor.

Adjustments

Pro-rata calculations at settlement for prepaid expenses like council rates, water rates, and body corporate: the buyer reimburses the seller for the period after settlement.

Official sources

• Revenue NSW: How to calculate transfer dutyrevenue.nsw.gov.au
• Revenue NSW: First Home Buyers Assistance Schemerevenue.nsw.gov.au
• State Revenue Office Victoria: Land transfer duty current ratessro.vic.gov.au
• State Revenue Office Victoria: First home buyer duty exemption or concessionsro.vic.gov.au
• State Revenue Office Victoria: Principal place of residence duty concessionsro.vic.gov.au
• Queensland Revenue Office: Transfer duty ratesqro.qld.gov.au
• Queensland Revenue Office: Home concessionqro.qld.gov.au
• Queensland Revenue Office: First home concessionqro.qld.gov.au
• Queensland Revenue Office: Additional foreign acquirer dutyqro.qld.gov.au
• WA Department of Treasury and Finance: Transfer duty assessmentwa.gov.au
• WA Government: Duties fact sheet, first home owner ratewa.gov.au
• WA Government: Foreign transfer dutywa.gov.au
• RevenueSA: Rate of stamp dutyrevenuesa.sa.gov.au
• RevenueSA: Stamp duty relief for eligible first home buyersrevenuesa.sa.gov.au
• RevenueSA: Foreign ownership surchargerevenuesa.sa.gov.au
• State Revenue Office Tasmania: Rates of dutysro.tas.gov.au
• State Revenue Office Tasmania: First home buyers of established homes duty reliefsro.tas.gov.au
• State Revenue Office Tasmania: Foreign investor duty surcharge ratessro.tas.gov.au
• ACT Revenue Office: Conveyance duty for non-commercial propertyrevenue.act.gov.au
• ACT Revenue Office: About the Home Buyer Concession Schemerevenue.act.gov.au
• NT Government: Stamp duty examples and ratesnt.gov.au

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