Costs car/house etc
 

Can someone give me an idea of the costs involved in buying a house (in Victoria), ie first time buyer's grant, stamp duty etc.

Also, what costs do you incur when you buy a car - is it just the equivalent of our tax disc?

Also, have you come across any other taxes or costs in Oz that we don't have in the UK?

Many thanks

Re: Costs car/house etc
 

I've heard that as a rough guide, you should budget around 5-7% of the purchase price to cover fees and charges.

Stamp duty
Building/pest inspection
Valuation fees
Lender's fees
Lenders mortgage insurance (LMI)
Solicitor fees
Insurances
Connection fees – phone/gas/electricity
Rates

http://www.femail.com.au/aussielegal-buying-a-house.htm

Re: Costs car/house etc
 

Yoiks! Many thanks for the info and link - this will be very useful.