Buy a house to pay a variety of taxes and fees, as well as a variety of miscellaneous fees, always dizzying. Today, you have come to take stock of and analyze the related costs of buying a house for you, I hope it will help you!
Miscellaneous tax fees:
Taxes and 778 fees will increase your purchase costs to a certain extent, not only financially, but also in time, so the need to plan ahead of time will avoid unexpected financial constraints as much as possible.
To purchase a house in Australia, the following fees and charges will be paid:
- FIRB
- stamp duty
- Lawyer's fee
- Real estate loan agency fee
- Housing inspection fee (second-hand housing only)
- Housing property insurance premium
- Urban appearance construction fee sewage charge land tax
Overseas purchase fee (FIRB)
FIRB (foreigh investment review board): Australia's Foreign Investment Review Committee, or safe, currently requires foreigners to buy a home in Australia with the approval of safe, according to current rules for foreigners who have not yet acquired the right of permanent abode in Australia. Indeed, "safe approval" refers to whether a specific house can be sold to foreigners, not whether the foreigner can buy it. The charges are:
- Property under 1 million-$5500
- Property under 100 to one million nine hundred and ninety nine thousand nine hundred-$11100
- Property within 200 to two million nine hundred and ninety nine thousand nine hundred-$22300
Stamp duty (Stamp Duty)
The Australian states of goverment all impose stamp duty on home purchases, and for overseas buyers, full stamp duty will be imposed on investment buyers in Victoria from July 2017, with an additional stamp duty of 5.5% plus 7%. The total real estate price 12.5%. There is no provincial stamp duty policy on the purchase of pre-term housing, we can go to the SRO website for accurate stamp duty collection.
* Note: buyers of land villa projects can still save stamp duty on the building portion of the house.
Lawyer's fee (Conveyancing Fee)
Legal transfer of property ownership in Australia is usually carried out by a lawyer who handles a certificate of transfer of real estate by profession, and there is no way for individuals to handle it. Therefore, lawyer fees are also an inevitable procedural cost.
Real estate lending agency fee (Finance Broker Fee)
In general, consulting loans do not require any consulting fees to be paid to a mortgage consultant, but may involve an account opening fee and other related fees. Customers can compare specific interest rates and fees according to their needs, and then choose which institutions they want to borrow. Mortgage consultants will also give relevant professional advice.
Housing structural inspection cost (Inspection Report)
Before buying a second-hand house (a new house is not necessary), carry out the necessary checks on the structure of the house and the pest (pest). This not only protects you from the deception of dishonest sellers, it is also usually the procedure required before the lender makes a loan. Depending on the size of the house, the inspection fees range from $250 to $1000. The inspection fee for insect pests is about $300. (the above costs are based on the 2015 valuation.)
Housing property insurance (Insurance)
In order to prevent any damage to the interior of your house and the loss of property inside the house, the general investment house may consider buying this insurance to ensure that the damage to the interior of the house is guaranteed, in the case of apartments and multiple townhouses in one place, Property management will generally bear the cost of insurance outside the house, owners do not need to pay.
City appearance construction cost sewage charge land tax (Council Rate Water Rate Land Tax)
There are also fees that are paid to the district board on a regular basis, which are usually charged on a quarterly basis. In general, about $1200 a year will be charged, depending on the goverment. Sewage charges typically range from $500 to 1200 and are paid by the landlord or agent for goverment. Land taxes vary depending on the value of the land, usually costing a few hundred Australian dollars, and land taxes are not required for properties with a premium below $ two hundred and forty thousand in Victoria.
Property management fee (Body Corperate)
Property management fees will be charged for townhouses and apartments with three or more townhouses in one place, based on the types of public facilities provided by the community or property, and relatively high fees if the public facilities are perfect, including the gym swimming pool, etc.
