Hi ,

For First Home Buyers in particular, it's easy to overlook some of the associated costs of buying a property. While most people have heard of stamp duty, there are a number of other costs that need to taken into account when purchasing a home.

Besides the unavoidable cost of stamp duty, buyers need to budget for many, if not all, of the follow:

• conveyancing and legal fees
• building and pest inspections
• mortgage registration fees
• building and contents insurance
• valuation fees
• loan establishment fees
• buyer's agent/buyer's advocate fee

This isn't a comprehensive list and buyers should always set aside adequate time to thoroughly review their individual circumstances. Of course, don't forget to factor in the cost of moving house!

A diligent buyer always plans well and looks at the details before purchasing. There are plenty of good resources available to assist you when budgeting for a property.

At Chamberlain Property Advocates, we work with our clients to smooth the process of buying a home, ensuring that our clients are well-informed about the associated costs when acquiring property.