Upfront costs calculator
The real number: deposit plus duty, conveyancing, inspections, LMI and a buffer.
The purchase
What you have
Everything you could put towards this purchase, including the deposit.
Total cash you need
$73,907
Estimate only
That's your $50,000 deposit plus $23,907 of costs — about 3.7% of the purchase price on top of the deposit.
Where it goes
Deposit
$50,000
Stamp duty
Partial concession
$11,357
Conveyancing / legal
Typically 1,200–2,500
$1,850
Building & pest inspection
Per property inspected — budget for more than one
$600
Loan application & valuation fees
Often waived — worth asking
$600
Transfer & mortgage registration
Land Use Victoria fees
$1,500
Council & water adjustments
Reimbursing the seller for rates already paid
$500
Moving costs
$1,000
Cash buffer after settlement
1% of the price — for the things that come up
$6,500
Total
$73,907
Left over
$16,093
Your savings cover the deposit and the costs on these figures — worth confirming before you start bidding.
Between $600,000 and $750,000 the concession shrinks the closer you get to the top of the range.
Buying a little under the threshold can save thousands — worth talking through before you bid.
What this calculation assumes
- Costs are typical Victorian figures and are adjustable by us as the market moves.
- Conveyancing shown at the midpoint of a typical range.
- Assumes a standard residential purchase with no unusual title or trust structure.
- Victorian land transfer duty at the general rate.
- Assumes the property will be your principal place of residence.
- Foreign purchaser additional duty is not included.
Want to understand the number?
The deposit is the biggest hurdle for most first home buyers — and the one where the rules have changed most. Here's what's actually required now.
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