As a general rule, you should allow roughly 5% of the purchase price for various expenses associated with purchasing a property.\r\rExpenses:\r\r Legal Fees: Often $800 to $2,000.\r Loan Establishment Fees: Usually $0 to $895 depending on the lender. For foreign citizens, this may be up to 4% of the loan amount.\r Stamp Duty (state government taxes which are often the largest associated expense): Please refer to our stamp duty calculator.\r Additional Stamp Duty: Please see the foreign citizen stamp duty page for more information about changes made to stamp duty and land tax for foreign buyers. These changes arent always reflected accurately by our calculator due to regular changes to state government policy.\r FIRB Approval Fees: Varies depending on the value of your property and if you are a temporary resident or foreign investor with no Australian visa.\r Property Inspection Fees: Costs can be upwards of $800 in total for a building, pest, and strata inspection.\r Buyers Agents Fee: The fee varies depending on the nature of the services provided but they're generally up to 2% of the purchase price (a buyers agent is optional).\r Other Minor Costs: Building insurance, council rates, water rates, and adjustments can be up to 0.5% of the property value in total.\r\r\rRefer to your conveyancer or solicitor for an exact breakdown of the costs associated with your real estate purchase.\r