FEES
Fees Schedule Guide
Before the time comes to appoint a Settlement Agent you may ask; “What does a Settlement Cost?”. I have provided you with a guide to Settlement Agent Fees. However, you can always feel comfortable in contacting me for a no obligation discussion about fees or your pending transaction.
Settlement Agent Scale of Fees
|
Sale Price
|
Seller Prescribed Rate
|
Buyer Prescribed Rate
|
|
$350,000
|
$852-00
|
$1289-00
|
|
$400,000
|
$923-50
|
$1399-00
|
|
$450,000
|
$995-00
|
$1509-00
|
|
$500,000
|
$1066-50
|
$1619-00
|
|
$600,000
|
$1176-50
|
$1784-00
|
|
$700,000
|
$1286-50
|
$1949-00
|
|
$800,000
|
$1396-50
|
$2114-00
|
|
$900,000
|
$1506-50
|
$2279-00
|
|
$1,000,000
|
$1616-50
|
$2444-00
|
Duty payable on purchase
|
Sale Price
|
Residential Rate
|
General Rate
|
Concession Rate
|
Duty FHO
|
|
$200,000
|
$5035
|
$5890
|
$5890
|
NIL
|
|
$300,000
|
$8835
|
$10,165
|
N/A
|
NIL
|
|
$400,000
|
$13,015
|
$14,915
|
N/A
|
NIL
|
|
$450,000
|
$15,390
|
$17,290
|
N/A
|
NIL
|
|
$500,000
|
$17,765
|
$19,665
|
N/A
|
NIL
|
|
$600,000
|
$22,515
|
$24,815
|
N/A
|
$22,510
|
|
$700,000
|
$27,265
|
$29,965
|
N/A
|
N/A
|
|
$800,000
|
$32,315.50
|
$35,115
|
N/A
|
N/A
|
|
$900,000
|
$37,465.50
|
$40,265
|
N/A
|
N/A
|
|
$1,000,000
|
$42,615.50
|
$45,415
|
N/A
|
N/A
|
Seller’s settlement fees
| Up to $150,000 | $566.00 |
| $150,001 to $500,000 | $566.00 + 0.143% |
| $500,001 to $1,000,000 | $1,066.50 + 0.110% |
| $1,000,001 and higher | $1,616.50 + 0.077% |
(add $55.00 to Fee, if Strata Titled)
Buyer’s settlement fees
| Up to $150,000 | $849.00 |
| $150,001 to $500,000 | $849.00 + 0.220% |
| $500,001 to $1,000,000 | $1,619.00 + 0.165% |
| $1,000,001 and higher | $2,444.00 +0.110% |
(add $110.0 to Fee, if Strata Titled)
Transfer registration fees
| Up to $85,000 | $135.00 |
| $85,001 to $120,000 | $145.00 |
| $120,001 to $200,000 | $165.00 |
| $200,001 and higher | $165.00+$20.00 per $100,000 |
Duty: Full Rate
| Up to $80,000 | 1.90% |
| $80,001 to $100,000 | $1,520.00 + 2.85% |
| $100,001 to $250,000 | $2,090.00 + 3.80% |
| $250,001 to 500,000 | $7,790.00 + 4.75% |
| $500,001 and higher | $19,665.00 + 5.15% |
Duty: Res. Concessional
| Up to $120,000 | 1.90% |
| $120,001 to $150,000 | $2,280.00 + 2.85% |
| $150,001 to $360,000 | $3,135.00 + 3.80% |
| $360,001 to $725,000 | $11,115.00 + 4.75% |
| $725,001 and higher | $28,452.50 + 5.15% |
Duty: Concessional
| Up to $100,000 | 1.50% |
| $100,001 to $200,000 | $1,500.00 + 4.39% |
Duty: F-H-O (Land+home)
| Up to $500,000 | Nil |
| $500,001 to $600,000 | $22.51 per $100 |
Duty: F-H-O (Vacant Land)
| Up to $300,000 | Nil |
| $300,001 to $400,000 | $13.01 per $100 |
To calculate Duty, round price up to the next $100. Concessional rate applies when the Buyer will reside (up to $200K but effectively to $116K). Settlement Fees effective from 20th May 08. Duty effective from 1st Jul.08. (GST included, where relevant)
* All information provided on this page is for information only – no guarantee is given or implied.
