Adam from Vista Financial

Hi AnnetteV, We will certainly be happy to have a closer look to see if we can assist. If you would like to pm me your email address I will email you directly and we can look further as to what your options are. Cheers Adam

Hi Janlo, We usually allow $2,000 - $2,500 for other costs which include council and water rates. These are usually payable upon settlement to the vendor and can be for the remainder of the quarter or year. Depending on which month you move in the cost will vary. Also we would recommend a building and termite inspection on a property. This is not compulsory but can be very beneficial. Hope this helps. Cheers Adam

Please also note, the above in relation to requiring a 5-10% deposit (with LMI) applies to Permanant Residents, eligible Temporary Residents will require a 20% deposit typically, although it may be possible with 10% depending on circumstances. Please note also Foreign Investment Review Board conditions for Temporary Residents see here http://www.pomsinoz.com/forum/money-finance/243972-temporary-residents-pay-5-000-buy-home.html#post1936888921

If you are looking to find out how much it will cost to purchase a property we have a Buying Costs Calculator available below which we think you might find very useful. Stamp duty is calculated differently in different States and also there may be eligibility for grants including the First Home Owners Grant particularly if building rather than purchasing an existing property. Please note that on top of these costs a deposit of around 5-10% of the purchase price will also be payable (depending on the lender). Also allow approximately $600 for Conveyancer fees and $2,000 - $2,500 for contingencies (based on a purchase price of around $400,000). Lenders Mortgage Insurance typically applies when borrowing over 80% of the purchase price. The cost of this will vary from lender to lender and in some cases can be added to the loan amount. Buying Costs Calculator