Stamp It.

Stamp duty is a tax payable by purchasers that is paid to the respective state government. For first home buyers, concessions are currently available which depending on the purchase price may waive the stamp duty cost or reduce this fee. Payable at time of settlement, this cost is added to the purchase price. It’s a one off fee which your lender will pay to the government body on your behalf..

TIP: Buying a property requires a lot of energy, both physically and emotionally. Often it is described as a crazy roller coaster ride. The costs associated with buying and selling a property also puts a very big dint in your hip pocket. It’s important you buy well and think about exactly what you need in a property; the location, size and type of home you need. Do you due diligence at all times.