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True Cost of Buying Calculator
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True Cost of Buying Calculator
Calculate the true upfront and ongoing costs of buying an investment property.
Property Details
State
Property Type
Finance
Rental Income
Ongoing Costs
Water rates vary by state and are sometimes passed to the tenant where the property is separately metered. Maintenance and repairs typically add $1,000 to $3,000 per year and are not included above.
Cash Reserve
Vacancies, unexpected repairs and rate rises are a matter of when, not if. Keep this liquid and separate from your day-to-day funds.
3 to 6 Month Buffer
3 Months
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6 Months
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Calculated from mortgage, property management, council rates and insurance. Does not include strata or water rates.
Total Cash to Settle
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Deposit plus all upfront costs
Deposit
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Acquisition Costs
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LVR
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Loan Amount
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Upfront Costs
Stamp Duty
Transfer duty calculated at standard investor rates
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LMI
Lenders Mortgage Insurance — required when LVR exceeds 80%
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Conveyancing and Legal
Conveyancer or solicitor fees, title searches and disbursements
$1,500 to $3,000
Building and Pest Inspection
Recommended for all standalone dwellings
$400 to $700
Loan Establishment Fee
Charged by lender at settlement; varies by product
$300 to $600
Bank Valuation Fee
Lender-ordered valuation to confirm property value before approval
$200 to $600
Mortgage Registration Fee
State government fee to register the mortgage on title
$100 to $200
Depreciation Schedule
Quantity surveyor report that identifies deductions claimable on the property's structure and fittings
$600 to $800
Estimated Upfront (excl. deposit)
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Ongoing Costs (Annual)
Mortgage Repayments
Principal and interest, 30-year term
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Property Management
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Council Rates
Varies by local government area
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Landlord and Building Insurance
Landlord insurance and building insurance; both must be in place at settlement
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Water Rates
Can be passed to tenant if property is water-efficient and separately metered
$600 to $1,200
Letting Fee (annualised)
1 to 2 weeks rent per new tenancy; assumes one tenancy every two years
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Maintenance and Repairs
Allowance only; actual costs vary significantly year to year
$1,000 to $3,000
Total Annual Outgoings
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Gross Rental Income
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Net Annual Cash Flow
Before tax offsets and depreciation
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This calculator provides estimates only and does not constitute financial advice. Stamp duty figures are indicative; rates vary by state and property type. We recommend seeking independent financial, legal and tax advice before making any investment decision. © Investr.