Purchasing you new home or property can be one of the biggest financial decision you will make.

The actual purchase price is not the only cost associated with a property purchase, there are other costs that must be budgeted into the final cost of the new home.

The added costs to a first home buyer are your legal or conveyancing costs, it is also highly recommended that you get a pest and buildingreport, you also may have the costs of a removalist. All of these cost must be budgeted into the final cost of the purchase as in most cases these do form part of the home loan.

If this is not your first home and you be buying an investment property or moving to a new area or simple upgrading to a bigger home then you have the added cost of stamp duty, this is calculated on the purchase price of the property.

 You can follow this link for the NSW stamp duty calculator 

 This is a Simple Budget Calculator that may help you budget your income & expenditure and assist you in reaching your financial goals and qualify for that home loan sooner.

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