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Unveiling the Hidden Costs of Buying Property in Australia Unveiling the Hidden Costs of Buying Property in Australia Buying a property is a significant milestone, but it's crucial to be aware of all the associated costs, including those often overlooked. These "hidden" fees can significantly impact your budget, and being unprepared can lead to financial strain. This guide breaks down these costs, providing a clear picture of what you should expect when purchasing a residential property in Australia. Government Fees: The Largest Expense Government fees, particularly stamp duty, represent a substantial cost. These fees vary considerably between states and territories. Generally, states in the southern regions tend to have higher stamp duty rates compared to Queensland. It's essential to use a stamp duty calculator specific to your state (a link is usually provided by financial advisors) to accurately estimate this ex...