Buying a Property for Dummies (AU Edition)

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The first home buyer guide that doesn't overcomplicate it.

Buying a Property for Dummies (AU Edition)

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Property & Home Loans

Property Selling Costs Calculator

Calculate the full cost of selling a property in Australia — agent commission, marketing, conveyancing, discharge fees, and estimated capital gains tax.

$

The price you expect to sell the property for

%

Typical range is 1.5%–3.5% depending on state and agent

$

Photography, online listings, signboards, print. Typically $3,000–$10,000

$

Enter 0 if you own the property outright

years

Used to estimate capital gains — the longer you've owned, the higher the likely gain

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Buying a Property for Dummies (AU Edition)

Buying a Property for Dummies (AU Edition)

First home buyers who research before they apply get better outcomes.

$17.35 ★★★★ 4.4 (10 reviews)
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Before you start the application process, the Australia's Home Buying Guide ($25.20, 4.4★ from 16 reviews) is worth a look. Affiliate link

FAQ

Frequently asked questions

How much does it cost to sell a house in Australia?

Selling costs typically total 2%–4% of the sale price. The biggest cost is agent commission (1.5%–3.5%), followed by marketing ($3,000–$10,000), conveyancing (~$1,100), auctioneer fees (~$600), and a mortgage discharge fee (~$400) if applicable.

Do I pay capital gains tax when I sell my home?

If the property was your principal place of residence for the entire ownership period, you are generally exempt from CGT. If it was an investment property or rented out at any point, CGT will apply. Properties held over 12 months benefit from a 50% CGT discount.

What is a mortgage discharge fee?

When you sell a property and pay off your home loan, lenders charge a discharge fee to remove the mortgage from the title. This is typically $300–$600.

How is agent commission calculated?

Agent commission is a percentage of the sale price, agreed before listing. It varies by state — Queensland is typically 2%–3.5%, NSW and Victoria 1.5%–2.5%. Always get written quotes from multiple agents and compare the total cost including marketing.

Australia's Home Buying Guide

Australia's Home Buying Guide

$25.20 ★★★★ 4.4 (16)
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