What buying actually costs upfront
The deposit is the number people save toward. It is not the number that completes a purchase. This adds up the rest.
Source: State Revenue Office Victoria. Rates can change — confirm before you rely on the figure.
Rates not yet confirmed. These duty rates have not been checked against the source. Confirm the current position at State Revenue Office Victoria before relying on this figure.
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If it isn’t working, call0493 348 998and we’ll run the numbers with you — which is a better answer anyway, because we can use your actual situation.
Cash needed to complete
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Deposit plus everything else due at or before settlement
- Your deposit
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- Stamp duty
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- Conveyancing, inspections and fees
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- Costs on top of the deposit
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- Loan-to-value ratio
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Lenders mortgage insurance
Usually added to the loan rather than paid at settlement, so it is not counted in the cash figure above.
What the cash is actually made of
The deposit is the part people save toward. Everything to the right of it is the part that catches them out — and on a first purchase it is rarely small.
A calculator can only tell you so much
These figures use general assumptions. What you can actually borrow depends on which lender you go to and how they assess your income — and that varies more than most people expect.