Hidden Costs of Buying a House in Brisbane [Checklist]

Hidden Costs of Buying a House in Brisbane [Checklist]

When you think about buying a home in Brisbane, the first thing that comes to mind is usually the purchase price. It is a big number, and it is what most buyers focus on. But what catches many Brisbane home buyers off guard are the hidden costs that appear along the way.

These extras can quickly add up to tens of thousands of dollars if you are not prepared. The good news is, once you know what they are, you can budget for them and move forward with confidence. This checklist will walk you through the key hidden costs that Clever Home Buyers need to plan for.

Stamp Duty and Government Fees

Stamp duty is one of the biggest hidden costs and varies depending on the purchase price and whether you are a first home buyer. There are also registration fees and mortgage filing costs to factor in.

Many first home buyers are eligible for concessions, so check carefully what applies to you.

Legal and Conveyancing Costs

You will need a solicitor or conveyancer to handle the legal side of your purchase. This includes reviewing the contract, handling searches, and making sure the transfer is done properly. Costs vary but expect at least a few thousand dollars.

Related: What to Say When the Seller Wants a Quick Sale

Building and Pest Inspections

In Brisbane, building and pest inspections are essential. Our climate means termites are common, and older homes often have issues like drainage or stumping problems. Skipping this step might save a few hundred dollars upfront, but it could cost you far more later.

Related: Brisbane Home Inspection Checklist

Loan and Finance Costs

Getting a mortgage comes with fees that many buyers forget. These can include application fees, valuation costs, and lender’s mortgage insurance if your deposit is under 20 percent. Talk to your broker or bank so you know exactly what applies to you.

Moving and Set-Up Costs

Once you have the keys, there are still expenses to cover. Removalists, connection fees for utilities, and basic maintenance or repairs often appear straight away. Even small items like curtains or garden tools can add up.

Related: How to Buy a House in Brisbane Without Mistakes

Renovation and Repair Buffer

Even if you are not planning major renovations, it is wise to keep a buffer for repairs. Little things add up fast – fixing a leaky roof, replacing a hot water system, or upgrading safety switches.

Setting aside a budget for the unexpected will make your first year in the home far less stressful.

Insurance

You do need to insure the property by 5pm the day after you sign the contract. Once you've moved in, home and contents insurance is non-negotiable. Premiums can vary depending on the property’s location, flood risk, and even the type of construction. Make sure you get quotes early so you are not caught out at settlement.

Related: Evaluate Like a Pro: How to Build a Value Range from Comparable Sales

Final Thoughts for Clever Home Buyers

The purchase price is only part of the story. By preparing for hidden costs upfront, you protect yourself from nasty surprises and keep your budget intact.

Clever Home Buyers know that planning is power. When you understand the full picture, you can move into your Brisbane home with confidence, knowing you are ready for whatever comes your way.

Keep learning:

• Brisbane Home Inspection Checklist 

• How to Buy a House in Brisbane Without Mistakes

Disclaimer: This article is for general educational purposes only and is not legal or financial advice. Always seek professional guidance before making property decisions in Queensland.

Written by Sheona Beach, Brisbane Home Buyers, Brisbane QLD