A property-purchase budget needs more than the advertised price and deposit. Separate government charges, professional advice, inspections, lender costs and the cash you want to retain after settlement.
Government and legal costs
Calculate applicable transfer duty and any concession for the transaction. Obtain an itemised quote from your solicitor or conveyancer for advice, searches, registration and settlement work.
Inspection and lender costs
Check which building, pest or specialist reports the property needs. Ask the lender about application, valuation, settlement and ongoing fees, and whether lenders mortgage insurance applies. These fees are not identical or unavoidable for every loan.
After settlement
Budget for moving, insurance, rates, strata levies where applicable, utilities, maintenance and a buffer. Use itemised quotes and the lender’s actual documents to confirm which costs apply.
Sources and guidance
- www.revenue.nsw.gov.au — calculate transfer duty
- moneysmart.gov.au — choosing a home loan
- www.nsw.gov.au — inspection reports
Identified guidance reviewed 4 October 2026.
