🇦🇺 Australia
Closing Costs Calculator — Australia
Stamp duty is the biggest upfront cost of buying property in Australia, and it varies widely by state. Get a state-specific estimate including LMI, conveyancing, and First Home Owner Grant.
1 Purchase Details
Used to calculate LMI if LVR > 80%.
State determines stamp duty rate and FHOG amount.
May reduce or waive stamp duty and unlock FHOG in your state.
Estimated Closing Costs (AUD)
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Enter your home price above
Low Estimate
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High Estimate
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% of Home Price
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Itemised Cost Breakdown
Estimates — actual amounts vary by state and lender
Cost Breakdown by Category
Australian Closing Costs Explained
Stamp duty (transfer duty) is by far the largest closing cost for Australian buyers — typically 3%–5% of the purchase price for non-first-home buyers in NSW and VIC. On a A$900,000 Sydney home, stamp duty alone can exceed A$35,000.
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Stamp Duty: State-based transfer duty. Rates and thresholds vary widely — QLD and TAS have generous first-home buyer exemptions up to certain price limits.
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LMI (Lenders Mortgage Insurance): Required when your LVR exceeds 80%. Typically capitalised into your loan rather than paid at settlement — but can add tens of thousands.
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Conveyancing: Legal transfer of the property title. Budget A$1,200–A$2,000 for a standard purchase.
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FHOG: First Home Owner Grant reduces your net costs — A$10,000–A$30,000 depending on state and property type.
First Home Buyer Concessions by State
Thresholds and grants change regularly — verify with your state revenue office.
Use the Australia Mortgage Calculator to model your full repayments with Australian variable or fixed rates.
Frequently Asked Questions
How much are buying costs in Australia?
Stamp duty is the biggest cost, often 3–5.5% of the price for non-concession buyers. Add conveyancing or solicitor fees, building and pest inspections, mortgage registration and transfer fees, and LMI if you borrow more than 80% of the value.
Do first home buyers pay stamp duty?
Every state and territory offers first home buyer exemptions or concessions below set price thresholds, and some also pay a First Home Owner Grant for new homes. Thresholds differ by state and change often, so check your state revenue office.
What is Lenders Mortgage Insurance (LMI)?
LMI protects the lender when your deposit is under 20%. It can cost several percent of the loan and is usually added to the loan. The Home Guarantee Scheme lets eligible first buyers purchase with 5% deposit and no LMI.
Is stamp duty the same in every state?
No. Each state sets its own rates, thresholds and surcharges for foreign buyers. The same price can attract noticeably different duty in NSW, Victoria and Queensland.