Eagle Peak Conveyancing

Buying a property in Victoria is about more than agreeing on the purchase price. Before signing a Contract of Sale, it is worth understanding the other costs that can affect your overall budget. Whether you're buying your first home, moving to another property or purchasing an investment, having a realistic picture of the upfront costs can help you avoid surprises later. Here are seven costs worth checking before you commit. 1. Stamp Duty or Land Transfer Duty One of the biggest additional costs for many Victorian property buyers is land transfer duty, commonly known as stamp duty. The amount can depend on factors such as the property's value, the type of purchase and the buyer's circumstances. Eligible first-home buyers may also qualify for exemptions or concessions under Victorian rules. Using a stamp duty calculator Victoria buyers can get an initial estimate, but the actual duty payable depends on the specific transaction. 2. Conveyancing Costs Conveyancing covers the ...

 If you are looking to buy a house, townhouse or unit in Melbourne, you may have noticed a Statement of Information attached to a property listing. From 1 October 2026, this document will be replaced by a new Property Price Statement (PPS) under Victoria’s updated property price transparency rules. For buyers, the important point is simple: the price shown on this document is useful information, but it is not a valuation, a guaranteed sale price or a substitute for reviewing the property's contract and Section 32 statement . The new rules are designed to give Victorian buyers clearer information about how a property's advertised price has been determined and how it compares with similar properties. However, buyers still need to carry out their own due diligence before making an offer or bidding at auction. If you are buying property in Melbourne in 2026, understanding what the Property Price Statement does — and what it does not do — can help you make a more informed decisio...

Buying a property in Victoria in 2026 involves more than the agreed purchase price. Buyers need to budget for land transfer duty, Land Registry fees, conveyancing costs, title searches and other settlement-related expenses before they commit to a transaction. At the same time, Victoria is introducing significant changes to residential property sales and auction practices. From 1/10/2026 , new rules will change how property prices are advertised, how auction reserve prices are disclosed and how comparable-property information is presented to buyers. Further reforms are already scheduled for 2027. For buyers searching for a conveyancer Melbourne property owners can rely on, understanding these changes alongside the actual transaction costs is an important part of planning a purchase. This guide brings the major 2026 costs and upcoming Victorian property rules together in one place. Land Registry Fees Victoria 2026: What Buyers Need to Know Land Registry fees are charges connected with ...