Hypothetical ?

[JoondalupJ]

House in Suburban Perth.

Sell for $445,000 thousand dollars?

What would seller in general terms with no outstanding circumstance, walk away with in pocket after all costs?

Costs? Agents fees and all the stamp and gov duties, legal s' etc?

Anyone have an idea in a fairly close "ball park" estimation.

 

[Lyyynnnchy]

House in Suburban Perth.

Sell for $445,000 thousand dollars?

What would seller in general terms with no outstanding circumstance, walk away with in pocket after all costs?

Costs? Agents fees and all the stamp and gov duties, legal s' etc?

Anyone have an idea in a fairly close "ball park" estimation.

Haven't purchased or sold in Aus for a while

But

$445,000

minus 2.5% agents fee ($11,125)
minus $500 advertising costs
minus $1,000 settlement fee
Minus $15,000 stamp duty
Minus $250 transfer of property fee (?)
Minus $200 (?) mortgage settlement fee

= $416,925

Also, minus your council and water rates for the year up to the settlement date.

Think that covers it all

 

[JoondalupJ]

Haven't purchased or sold in Aus for a while

But

$445,000

minus 2.5% agents fee ($11,125)
minus $500 advertising costs
minus $1,000 settlement fee
Minus $15,000 stamp duty
Minus $250 transfer of property fee (?)
Minus $200 (?) mortgage settlement fee

= $416,925

Also, minus your council and water rates for the year up to the settlement date.

Think that covers it all

That is greatly appreciated my friend .

Thank you very much.

JJ.

 

[Duritz]

Haven't purchased or sold in Aus for a while

But

$445,000

minus 2.5% agents fee ($11,125)
minus $500 advertising costs
minus $1,000 settlement fee
Minus $15,000 stamp duty
Minus $250 transfer of property fee (?)
Minus $200 (?) mortgage settlement fee

= $416,925

Also, minus your council and water rates for the year up to the settlement date.

Think that covers it all

The buyer pays stamp duty in Victoria... is it different in WA?

 

[JoondalupJ]

The buyer pays stamp duty in Victoria... is it different in WA?

It might be like a capitol gains duty , different words I don;t know?

 

[Big Stinky Monk]

Stamp duty and capital gains tax very different.

Duritz is correct - purchaser has the liability for stamp duty, so you can add $15k back on to the calc above.

But you'd also need a solicitor/conveyancer so take another $1k - $2k off for legal fees.

You'd only be up for capital gains tax if you held the property for investment purposes and are selling it for more than you bought it for (less transaction costs)

 

[Lyyynnnchy]

Stamp duty and capital gains tax very different.

Duritz is correct - purchaser has the liability for stamp duty, so you can add $15k back on to the calc above.

But you'd also need a solicitor/conveyancer so take another $1k - $2k off for legal fees.

You'd only be up for capital gains tax if you held the property for investment purposes and are selling it for more than you bought it for (less transaction costs)

It might be like a capitol gains duty , different words I don;t know?

Oops, of course, don't know what I was thinking there.