The following is a summary of the costs a home buyer in Australia is likely to face.
The attached information is provided as a guide only and is not necessarily o comprehensive list.

(i) Stamp duties, transfer and registration fees are statutory fees that must be paid.
The following table provides a summary of the applicable duties by each state as at January 2007.

 

State	Rates of Stamp Duty on the Purchase of Property – No Concessions	Duty payable on an Indicative Property Price of $300,000	Duty payable on median house price (September qtr 06)
NSW	Min. rate 1.25% up to $14,000 Max. rate $40,490 + 5.5% over $1 mill, Premium property tax: $150,490 + 7.0% over $3 mill. Vendor transfer duty abolished 2 August-05	$8,990	$520,300 median: $18,903.50
VIC	Min. rate 1.4% up to $20,000 Mid rate ($115,001 to $870,000): $2,560 + 6% over $115,000 Max. rate 5.5% on $870,000 and over (From January 2007: mid rate $115,000 to $400,000 = $2,560 + 5%, $400,000 to $500,000 flat rate of $2,850 stamp duty cut, houses above 500,000 would remain the same.)	$13,660	$377,000 median: $18,280.00
QLD	Properties up to $320,000 exempt. Properties above $320,000: Min rate 1.5% up to $20,000 Mid rate ($250,000 to $500,000) $7,225 + 3.5% over $250,000 Max rate $23,975 + 4.5% over $700,000 Total of 7 bands	$3,000	$330,000 median: $3,550.00
SA	Min rate 1.0% up to $12,000 Seven bands (2% to 5%) rising to $500,000 Max rate $21,330 + 5.5% over $500,000.	$11,330	$285,000 median: $10,617.50
WA	Up to $80,000: 2.0% 3 bands (3.0% to 5.0%) rising to $500,000 Max rate: $20,700 + 5.4% over $500,000	$10,700	$430,000 median: $17,200.00
ACT	Min rate: $20 or 2.0% whichever is greater up to $100,000 Five bands (3.5% to 5.75%) rising to $1 mill Max rate: $49,250 + 6.75% over 1 mill	$9,500	$375,000 median: $13,625.00
TAS	Min rate: $20 up to $1,300 Six bands (1.5% to 3.5%) rising to $225,000 Max rate: $6,550 + 4.0% over $225,000	$9,550	$290,000 median: $9,150.00
NT	Rates for < $500,000 calculated according to D = (0.065V2 ) + 21V where D is duty payable, & V is value of property sold divided by 1000. Rates for > $500,000 – 5.4%	$9,650 ($12,150 if it is an investment dwelling)	$385,000 median: $15,219.63 (17,719.63 if it is an investment dwelling)

(ii) Mortgage documents prepared in Australia attract stamp duty to make them legal documents. This stamp duty is usually paid to the applicable state authority on your behalf by your lender. In some states this duty does not apply if you are refinancing. The amount payable is determined by the size of the loan and varies in each state.

(iii) Conveyancing fees. Conveyancing may be undertaken by solicitors, licensed conveyancers or by the buyer or vendor of a property. Conveyancing fees may, therefore, vary considerably depending upon the locality of the property, the type and number of searches required in respect to the property, and who undertakes the conveyancing.
(iv) A number of additional government fees will apply, including land transfer registration fees and government taxes. These fees are a mixture of flat fees and variable charges that change with the price of the property. You need to read the fee structures for your particular state carefully to make sure you understand all the charges that apply.
(v) Mortgage insurance is another fee to take into account, and the price of this varies from institution to institution, depending on the value and type of loan you have selected. Mortgage insurance is obligatory for some loans, especially if you are borrowing more than 80% of the valuation of the security property. In Most cases if your loan is under 80% you do not incur this fee.