Buying a property in Australia involves more than just the purchase price. Costs like stamp duty, bank fees, Lenders Mortgage Insurance, transfer fees, conveyancing, and inspections can add tens of thousands to your budget. For an $800,000 home in Victoria, extra costs may reach over $70,000. Planning ahead is key to avoiding financial surprises. Working with a buyer’s agent can also ease the process and help you make informed decisions.

Taking the leap into home ownership is a monumental step, but with the right guidance and preparation, it can be a rewarding experience.