Property buying cost calculator

Buying a new home is exciting, but it's important to understand all the costs involved. Our buying costs calculator helps you estimate the total cost of purchasing your dream Metricon home in Australia.

It goes beyond just the purchase price, factoring in expenses like stamp duty, government fees, and other costs associated with building a new home. Whether you're considering a first home, an investment property, or looking to upgrade, our calculator provides valuable insights into your financial commitment.

Purchasing a home, especially for first-home buyers, is a significant financial commitment. Our property-buying cost calculator empowers you to approach this exciting milestone with a clear understanding of your financial situation. By providing a comprehensive breakdown of all potential costs, you can budget effectively and avoid unexpected surprises down the track.

From stamp duty and conveyancing fees to ongoing expenses like council rates, our calculator ensures you're fully prepared for the financial realities of home buying. This knowledge allows you to plan your purchase with confidence and make informed decisions that align with your budget and lifestyle.

Our property buying cost calculator simplifies the often-complex process of estimating your total costs. Simply enter the estimated property value to get started. The calculator then provides a detailed breakdown of potential expenses, divided into key categories:

• Government Charges: This section helps you estimate costs like stamp duty on the property, mortgage registration fees, and transfer fees. It's important to note that stamp duty varies significantly between states, so ensure you're aware of the specific rates in your location (especially for SA stamp duty, which has its own nuances).
• Lender Fees: Here, you can factor in potential lender fees, such as loan application fees, lenders' mortgage insurance, and legal fees. Understanding these costs upfront can help you budget effectively and explore options to potentially reduce your LMI.
• Other Buying Costs: This section covers a wide range of additional costs, from house and contents insurance to home and contents insurance, solicitor and conveyancing fees, pest inspections, and removalist expenses.

Use our calculator to explore different scenarios, adjust your deposit amount, and gain a comprehensive understanding of your financial commitment before you commit to buying your new Metricon home.
 

No, pre-approval is not necessary to use our property buying cost calculator. This tool is designed to help you understand the upfront costs and overall costs of buying a home before you even apply for a loan.

However, knowing your loan options, the potential loan amount and loan details can enhance the accuracy of your cost estimates. While exploring loan application fees and eligibility, consider the lending criteria under the Australian Credit Licence and AFSL. This information will prepare you for the financial aspects of buying a home and guide your discussions with lenders.

While our property buying cost calculator helps you estimate the upfront costs of your new Metricon home, it's equally important to consider the ongoing expenses associated with homeownership. These recurring costs can significantly impact your budget and should be factored into your financial planning.

Your mortgage will likely be your biggest ongoing expense. Monthly repayments will depend on your home loan amount, interest rates, and loan term. Beyond your mortgage, you'll also need to budget for expenses like council rates and potential maintenance costs.

Overlooking key expenses can lead to financial strain and may even impact your ability to secure a loan. Here are some common budgeting mistakes to avoid:

• Underestimating ongoing costs: Factor in expenses like council rates and home insurance, not just your loan repayment.
• Missing settlement fees: Include costs like valuation and settlement fees in your calculations.
• Overlooking LMI: If your deposit is low, you may need to pay Lenders Mortgage Insurance (LMI).
• Miscalculating loan repayments: Compare different loan options, including fixed-rate loans, and consider the comparison rate to understand the true cost of borrowing.

Now that you have a clearer picture of your potential costs, it's time to take the next step towards your dream Metricon home!

• Connect with Metricon: Contact our team to discuss your new home vision and explore available house and land packages or individual house designs.
• Explore further: Use our borrowing power and stamp duty calculator to refine your budget and understand your financial capacity.
• Seek expert advice: Consult with a mortgage broker to discuss your loan options and find the best solution for your needs.

We're here to support you every step of the way, from initial calculations to the exciting moment you receive the keys to your new home.