Renovate or Upgrade? The Ultimate Australian Homeowner's Dilemma Renovate or Upgrade? The Ultimate Australian Homeowner's Dilemma Table of Contents The True Cost of Moving Renovation Realities: Pros and Cons The Overcapitalization Danger Zone 3 Expert Tips to Avoid Overcapitalizing When Upgrading Makes More Sense Side-by-Side Cost Comparison The Final Verdict: Stay or Go? The True Cost of Moving: More Than Just Boxes Moving homes in Australia isn't just chaotic and stressful - it's expensive , largely thanks to government taxes and fees that can add tens of thousands to your costs. Let's break down the numbers: Stamp duty : In Brisbane, buying an $850,000 home could cost you about $28,000 just in stamp duty Agent fees : Trading up means paying 2-3% in real estate commissions - that's $50,000 on the same $850k property Hidden costs : L...
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