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House - Buying Costs Victoria

Victoria has some of the highest property transfer costs in Australia, often requiring buyers to budget an extra of the price for upfront fees. Closing costs when buying a property in Victoria BC

Professional home inspections generally cost $500 to $800 . house buying costs victoria

Full exemption up to $835,000 , with partial relief up to $860,000. Newly Built Homes: Full exemption up to $1,100,000 . Victoria has some of the highest property transfer

This is usually the largest closing cost. It follows a tiered structure: 1% on the first $200,000. 2% on the portion between $200,001 and $2,000,000. 3% on the portion over $2,000,000. Example: A $1,000,000 home triggers $18,000 in PTT. PTT Exemptions: with partial relief up to $860