The total cost of a property transaction can include more than the advertised price or annual rent. The exact charges depend on the transaction, property, state and parties involved.
Buying costs
Potential costs can include legal and professional services, agency fees where applicable, documentation or registration charges, taxes or levies, valuation or survey work and other transaction-specific expenses.
Rental costs
Depending on the arrangement, renters may encounter rent, deposits, agency or legal fees where applicable, service charges, utilities and other estate or maintenance-related costs.
Ask for a written breakdown
Before paying, request a clear list showing each charge, who receives it, whether it is one-off or recurring, and what service or obligation it relates to.
Avoid assumptions
Fees can vary by state, property type and transaction. Treat online estimates as general guidance and confirm the applicable amounts for the specific transaction.
Frequently Asked Questions
Is the advertised property price the total cost?
Not necessarily. Transaction-specific professional fees, taxes, registration, agency, survey, valuation, service or other costs may apply.
How should I compare property costs?
Ask for a written breakdown of one-off and recurring charges and compare the total cost rather than only the headline price or rent.
Can fees vary by location?
Yes. Applicable costs can vary by state, property type and transaction circumstances.