![]() ![]() The tax can be between 4% and 5% of your property’s value. Stamp duty is a tax the state or territory charges for the property transfers between owners. Remember that these additional costs depend on individual circumstances and the state you live in. We’ve seen the potential ongoing costs to consider when owning property, but if you’re a first time home buyer, below are some extra costs you’ll need to look out for during your first year of ownership. Australian insurance provider Budget Direct says the average monthly cost of an NBN plan is about $77 or $924 annually.
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