House Buying Costs Victoria May 2026

Victoria has some of the highest property transfer costs in Australia, often requiring buyers to budget an extra of the price for upfront fees. Closing costs when buying a property in Victoria BC

Since there are two prominent Victorias— and Victoria (Australia) —this post breaks down the unique home-buying costs for both regions. Option 1: Victoria, BC (Canada) Title: The Real Cost of Buying in the Garden City

If the home is brand new, you must pay 5% GST on top of the purchase price. Option 2: Victoria (Australia) Title: Beyond the Deposit: Navigating Stamp Duty in VIC house buying costs victoria

Professional home inspections generally cost $500 to $800 .

Full exemption up to $835,000 , with partial relief up to $860,000. Newly Built Homes: Full exemption up to $1,100,000 . Victoria has some of the highest property transfer

This is usually the largest closing cost. It follows a tiered structure: 1% on the first $200,000. 2% on the portion between $200,001 and $2,000,000. 3% on the portion over $2,000,000. Example: A $1,000,000 home triggers $18,000 in PTT. PTT Exemptions:

Expect to pay between $1,500 and $2,500 for a lawyer or notary to handle the title transfer. Option 2: Victoria (Australia) Title: Beyond the Deposit:

In Victoria, BC , the "hidden" costs typically range from of the purchase price, excluding your down payment.