Costs of Buying Off-the-Plan Property in Australia (Updated 2024)

1. Legal fees (approximately A$1,500–A$1,800)

When purchasing property in Australia, buyers are advised to complete the entire purchase and settlement process with the assistance of a solicitor. Fees vary depending on the scope of the solicitor's services.

2. Stamp duty

Owner-occupier: 1% – 3% of the total contract value of the house.

Investment: 3% – 4% of the total contract value of the house.

3. Additional costs for overseas buyers

1) From 1 July 2024, the FIRB application fee for a property with a total contract price under A$1,000,000 is A$14,700.

For details, see -

Latest Update on Foreign Investment Review Board (FIRB) Fees for the 2024–2025 Financial Year

2) From 1 July 2024, overseas buyers must pay an additional stamp duty surcharge: 8% in Queensland (for apartments and townhouses, the dutiable value is the total property price; however, for house and land packages, the dutiable value is the land price only).

For details, see -

A Complete Guide to House Types and Stamp Duty for Overseas Buyers in Queensland 

4. Australian property loan application fee

Lenders charge overseas borrowers a certain loan fee. Please contact Aobo Realty to confirm the specific fee schedule.

5. Title transfer fee and other miscellaneous costs

Around A$4,000.