Join Australia's most dynamic and respected property investment community

Selling process in Victoria?

Discussion in 'The Buying & Selling Process' started by BallonTree, 28th Apr, 2016.

  1. BallonTree

    BallonTree Active Member

    Joined:
    2nd Nov, 2015
    Posts:
    36
    Location:
    Australia
    Do I need to pay stamp duty?

    How much is agent cost?

    How much is conveying fees?
     
  2. Peter L

    Peter L Active Member

    Joined:
    29th Jul, 2015
    Posts:
    34
    Location:
    Melbourne
    You do not pay stamp duty on the disposal of property.

    My conveyancer is ~$770 from memory.

    Where are you located? Selling costs vary by suburb and property type.
     
  3. Perthguy

    Perthguy Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,678
    Location:
    Perth
    I just sold a house in Melbourne.
    No.

    1.5% of the sale price + marketing. I paid nearly $4,000 for marketing. Total waste of money. You can save a lot of money if you do many of these things yourself. I don't mind paying if I get a quality product but nearly $4k bought me a very average campaign. I paid for:
    - a floor plan. It was below average
    - professionally written advertising text. It was terrible and incorrect
    - professional photos. They were below average and too few

    Tell the agent you will provide all the above if you want better quality at a lower price.

    My conveyancer charged $830 + ~$100 in disbursements. Very good service.
     
  4. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,546
    Location:
    Melbourne, Australia
    Others have really talked about 1 & 3.

    RE: REA Cost - depending on location, how the market is (is it hot?) and price point will all be factors into what commission the REA will ask for. Typically it will be between 1-2% + gst, however if you are selling a $50,000 block of land in the middle of no where they will charge more. The 1% is more for the 1M plus properties.