When you buy or acquire a property, you will most likely have to pay land transfer duty (commonly called stamp duty).

It is important for you to check out the government websites of your state or territory.

Victoria Stamp Duty Calculator

It is a Land Transfer Ownership Registration Cost that pays to state government. Please check out the state government websites of your state or territory for more details.

Victoria Transfer of Land Fee Calculator

A mortgage registration fee is charged by state governments to register/deregister the security for a home loan. ($119.70 in VIC in 2021 per registration)

A title search shows the information held in the state government Register of land at the time the search is made. (around $15 in VIC in 2021 per title search)

Conveyancing is the term for the legal and statutory processes required to effect the transfer of ownership of real estate from one person or entity to another.

The cost will be vary, and it normally includes two parts - one part is the basic professional charge, and the other part is the additional charge that may include the costs incurred by the conveyancer as they research your property and relevant legal requirements.

Bank fees may be including home loan application fee, property valuation fee, home loan settlement fee, document preparation/legal fee, lenders mortgage insurance, and others.

Bank fees will also be vary from lenders to lenders and also the loan product you have chosen.

There are other costs that may be part of settlement final adjustment, which will be provided by your conveyancer in details. The most common costs are: council rate adjustment, water rate adjustment, owners corporation fee adjustment.

In addition to these, pest and building inspections, moving cost, connection of utilities, and even cleaning expense could be another part may want to factor in your calculation as well.

As a result, having some spare money as buffer is very important.