Cost of Buying a House and Land Package in Australia

1. Legal fees (approximately A$1,300 – A$1,800)

Under Australian law, buyers must complete the entire purchase and property settlement process with the assistance of a solicitor. Fees vary depending on the scope of the solicitor's services.

2. Stamp duty

No stamp duty is payable on the dwelling component. For local buyers, stamp duty on the land component is 2.6% – 4%.

3. Additional costs for overseas buyers

From 1 July 2020, the FIRB application fee for properties under A$1,000,000 is A$5,800.

For details, see -

Information on approvals by the Foreign Investment Review Board (FIRB)

From 1 July 2018, overseas buyers must pay a stamp duty surcharge: 7% in Queensland, and 8% in New South Wales and Victoria.

Note: For a house and land package, stamp duty is calculated only on the land component; the dwelling component does not incur this cost.

For details, see - 

A complete guide to Australian stamp duty

4. Australian mortgage lender fees  

Lenders charge borrowers a certain amount in loan fees. Please contact Aobo Realty to confirm the specific fee details.

5. Valuation fee  

The lender will conduct a valuation of the property the buyer intends to purchase, which forms the basis for calculating the loan amount.

6. Conveyancing and other miscellaneous fees

Around A$3,000.