Your major upfront expenses related to a house purchase are

• Stamp Duty on Property transfer. (based on your property value & state where you are
• Lender Mortgage Insurance (up to 3% of loan amount) or the Risk Fee
• Mortgage Stamp Duty (based on loan amount)
• Solicitor Fee
• Loan application Fee
• Other sundry charges, may be less than $ 1000

First Home Grant

• There are grants available to meet some of these expenses for some customers

Investors

• Rental income less agent fee will help owner to pay loan interest
• Investors will have to pay Land Tax each year.
• Normally water service, council rates & building related insurance & expenses owner has to pay
• Investors will receive tax deductions each year for allowable expenses including depreciation of building
•  Owner will pay Capital Gain Tax once investment is sold.
• Investment return = amount owner pocketed out each month - net capital gain

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