So you’ve saved your deposit, crunched your numbers, and you're ready to buy your first home. But hold on — the deposit isn’t the only cost to consider. From legal fees to lender charges, the true cost of home ownership can catch buyers off guard if they're not prepared.
At Gardian Finance in Mackay, we help first-home buyers in Mackay and beyond understand all the numbers, not just the headline price.
Here’s what to factor into your budget:
🧾 1. Stamp Duty
This is often the biggest extra cost. In Queensland, first-home buyers may be eligible for concessions, but not everyone qualifies. It’s based on your purchase price and can add thousands to your total.
💡 Tip: Ask us to calculate your exact amount — or if you’re exempt!
🧑⚖️ 2. Conveyancing & Legal Fees
A conveyancer or solicitor will handle the legal side of your purchase. Expect to pay anywhere from $1,200 to $2,000 depending on complexity.
🏦 3. Lender’s Fees
Some banks charge:
Loan application fees
Valuation fees
Settlement fees
We’ll always try to find lenders who waive or reduce these — but it’s important to know they exist.
🧰 4. Building & Pest Inspections
Not compulsory — but absolutely recommended. This gives peace of mind before you buy and can help uncover costly issues.
Estimated cost: $400–$700
🏠 5. Home & Contents Insurance
Many lenders require you to show proof of insurance before settlement. Factor this into your moving-in budget.
💡 6. Utilities & Connection Fees
Setting up electricity, internet, water, and gas often involves one-off connection or activation fees. They can add up quickly during your first week in the home.
🪜 7. Moving Costs & Immediate Repairs
Removalists, truck hire, and early maintenance (like locks, smoke alarms, or minor renovations) can be another few thousand dollars.
Why Budgeting for These Extras Matters
Many first-home buyers save just enough for their deposit and feel blindsided by the extra out-of-pocket costs that pop up during settlement. Planning ahead can reduce stress — and stop you from dipping into emergency funds.
Gardian Finance Can Help
We don’t just help you get the home loan — we help you understand the whole picture. From upfront costs to hidden fees, we’ll guide you through the process with clarity and local expertise.
Ready to take the next step with confidence?
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Phone: (07) 4953 2799
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Website: www.gardian.com.au📍
Address: 73 Wood St, Mackay
