How much does it cost to buy a home?

Our calculator can work out the stamp duty, registration fees and discounts for first home buyers.

You can also use our first home buyers calculator to discover if you’re eligible for any grants.

We can help you through the process of buying a home and applying for grants.

Speak with one of our mortgage brokers by calling 1300 889 743 or by completing our free assessment form.

What other costs are there?

The costs to own a home calculator will work out government expenses but there are a few other costs that aren’t included.

Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to find out if you can qualify to buy a home now.

Can I reduce the cost of LMI?

There isn’t much that you can do about stamp duty but the cost of LMI can be avoided in some situations.

You can apply for a family pledge loan if your parents can assist you with a guarantee over property that they own.

You can also consider a home loan with no LMI if you meet the eligibility criteria.

Does the cost vary in different states?

The calculator works for NSW, QLD, VIC, WA, SA, ACT, TAS and NT. Government fees such as stamp duty vary between different states while other costs won’t change much at all.

Do you qualify for a home loan?

Did you know that our mortgage brokers have access to special home loans discounts?

Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to find out if you can afford to buy a home now and how we can get you a discounted interest rate.

  • Woody

    This page and the calculator is pretty good. I’m quite unfamiliar though with mortgage brokers and have never used them before so it would be good to know what a mortgage broker is before I consider using your services.

  • Hi Woody, we have a page on what actually is a mortgage broker, what they do as well as how you can trust them. You can find out all that and more here:

  • Gabriella

    Along with the FHOG, aren’t there some other grants too like the relocation grants? Not sure about this as I’ve just heard about this through a friend.

  • Hey Gabriella,

    Some state governments may have an additional grant if you’re buying a new property or building a new home. In some states, there is also a grant if you’re moving from a metropolitan area to an eligible regional location, which is the regional relocation grant you’re heard about. The purpose of this grant is to lessen the brain drain to the capital cities and assist with the cost of relocating to a country area. If you can qualify, these grants can help immensely with the costs involved in the purchase of property.

  • Scott

    Just want to know why the banks ask for evidence of home loan deposit before they approve the loan.

  • Hey Scott,

    They ask for evidence of your deposit because in the event of shortfall of funds, you may end up taking out a short term loan or credit card to make up the difference, and this additional loan can impact your ability to repay the mortgage.

    Your home loan application can still be approved though if you can prove that you have enough funds to cover the costs, as well as the difference between the purchase price and loan amount.

  • Jacksep

    Is there any way to find out what grants we can qualify for without going through hoops with the state government or any other associated orgs?

  • Hi Jacksep,
    Well you should be able to do that by trying out our first home owners grant calculator, which is designed to work out which government benefits such as grants and stamp duty exemptions that you may be eligible for. Here’s the link:

  • M Silvers

    My mum told me to cancel the credit card that I don’t use all that much before applying for my home loan. How will that help?

  • Hi Silvers, that can help improve your borrowing capacity because even simply owning a credit card can have a massive impact on your borrowing power. That’s because most credit departments assess your debt based on your credit card limit not your balance. You can check out this page if you want to learn more: