20/07/2026
When buying a home, most people focus on the deposit, but don't overlook settlement costs. π‘
Settlement costs are separate from your deposit and cover the professional and administrative expenses needed to complete the purchase. This can include things like legal or conveyancing fees, lender charges, building and pest inspections, valuations, title searches, stamp duty, and adjustment of rates and utilities.
These costs are typically paid at settlement and can vary depending on your state or territory and the type of property.
Planning ahead helps avoid surprises and ensures a smooth path to settlement.