Calculators
How Much Can I Borrow? – http://www.mfaa.com.au/calculator.asp?menuid=426
Stamp Duty – Every State in Australia has different Stamp Duty Fees for property purchases and is calculated on the purchase price. This will help you determine one of the larger costs when buying a home. http://www.mfaa.com.au/calculator.asp?menuid=428
Budget – Please take your time to complete this form it will help you calculate your current living expenses and what you have left over to pay a mortgage. http://www.mfaa.com.au/calculator.asp?menuid=635
Other Home Purchase Costs – In addition to your deposit and Stamp Duty here are a few other costs you should consider: –
- Legal or Conveyancing Costs – $500 to $1,500 (depending on complexities)
- Building & Pest Inspections – Allow $400 to $600
Helpful Web Links
Office of State Revenue – First Home Owners Grant – http://www.osr.nsw.gov.au/benefits/first_home/
MFAA – Mortgage & Finance Association of Australia – http://www.mfaa.com.au/default.asp?menuid=22
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