Guide To Settlement Costs

GUIDE TO SETTLEMENT COSTS

A maximum scale of fees applies to settlement services where by the maximium fee a settlement agent can charge is prescribed by regulation. In most cases you are able to negotiate a lower fee with the settlement agent which is lower than the prescribed maximum.

Because we are an family owned and operated, independent settlement agent we can offer very competitive settlement fees.

There are many variables in calculating duty and we have attempted to cover all of these on our site:

Registration fees for Transfer documents are based on the consideration or value assessed by the Office of State Revenue

Up       to         $ 85,000                      $160
$  85,001         to         $120,000                     $170
$120,001         to         $200,000                     $190
$200,001         to         $300,000                     $210
$300,001         to         $400,000                     $230
$400,001         to         $500,000                     $250
$500,001         to         $600,000                     $270
$600,001         to         $700,000                     $290
$700,001         to         $800,000                     $310
$800,001         to         $900,000                     $330
$900,001         to         $1,000,000                  $350
$1,000,001      to         $1,100,000                  $370
$1,100,001      to         $1,200,000                  $390
$1,200,001      to         $1,300,000                  $410
$1,300,001      to         $1,400,000                  $430
$1,400,001      to         $1,500,000                  $450
$1,500,001      to         $1,600,000                  $470
$1,600,001      to         $1,700,000                  $490
$1,700,001      to         $1,800,000                  $510
$1,800,001      to         $1,900,000                  $530
$1,900,001      to         $2,000,000                  $550

Over $2,000,000 – $550 plus $20 for every $100,000 or part thereof.

RATES OF DUTY

General rate

$            0 – $  80,000 $1.90 Per $100 or part thereof
$  80,001 – $100,000 $  1,520 + $2.85 Per $100 or part thereof above $  80,000
$100,001 – $250,000 $  2,090 + $3.80 Per $100 or part thereof above $100,000
$250,001 – $500,000 $  7,790 + $4.75 Per $100 or part thereof above $250,000
$500,001 and upwards $19,665 + $5.15 Per $100 or part thereof above $500,000

Residential rate

$            0 – $120,000 $1.90 Per $100 or part thereof
$120,001 – $150,000 $  2,280 + $2.85 Per $100 or part thereof above $120,000
$150,001 – $360,000 $  3,135 + $3.80 Per $100 or part thereof above $150,000
$360,001 – $725,000 $11,115 + $4.75 Per $100 or part thereof above $360,000
$725,001 and upwards $28,453 + $5.15 Per $100 or part thereof above $725,000

Concessional rate (s147)

$            0 – $100,000 $1.50 Per $100 or part thereof
$100,001 – $200,000 $  1,500 + $4.39 Per $100 or part thereof above $100,000

First home owner rate – established home

$           0 – $500,000 Nil
$500,001 – $600,000 $22.51 Per $100 or part thereof above $500,000

First home owner rate – vacant land

$           0 – $300,000 Nil
$300,001 – $400,000 $13.01 Per $100 or part thereof above $300,000

To obtain a residential rate of duty you will need to complete a Residential Rate of Duty form to be lodged with your Offer and Acceptance document before settlement.

For a no obligation free quote on your settlement requirements or if you have any questions regarding your settlement transfer or your real estate transaction please don’t hesitate to contact Jan Bullen on 08 9582 3300 or email Jan at Riverside Settlements

5 thoughts on “Guide To Settlement Costs”

  1. I have to show appreciation to this writer just for rescuing me from this particular difficulty. Right after surfing through the online world and finding things that were not helpful, I figured my entire life was over. Being alive minus the strategies to the difficulties you’ve solved all through this short article is a critical case, and the ones that could have in a negative way damaged my career if I had not discovered the blog. That knowledge and kindness in touching all the stuff was precious. I’m not sure what I would’ve done if I hadn’t discovered such a subject like this. I can at this moment look forward to my future. Thanks for your time very much for this specialized and results-oriented help. I will not think twice to recommend the sites to any individual who needs and wants guidance about this matter.

  2. Well before Your Camping outdoors Tri, fantastic Tips To Think Aboutp If you intend forward and passionate exposure to Nature, it can still be pleasurable. The ideas that will help you. It is essential to remember that your man or woman and all of your belongings will receive messy is inevitable. Get pleasure from hanging out in the forest by letting yourself get and relax messy. You can reclaim the normalcy in your life when you go back home. Be sure to arrive at the camping site before nighttime pauses. When you driving an RV, a secure auto parking area ought to be discovered. When pitching a tent, find a location that is levels and dry. Achieving this during daylight several hours could save you become used to your area. Look into the regards to your health care insurance prior to going on a camping outdoors getaway. You may want an extra coverage if you will be outdoor camping vacation.This really is much more vital when your outdoor camping in yet another country. Make certain you get ready in the event there is an trauma or disease. A ‘jungle breakfast’ can be a wonderful way to add more exhilaration for your getaway.Tie on the trees small containers ofcereal and fresh fruit, and modest boxes of breakfast cereal to trees. This provides an enjoyable online game for the kids and helps make their camping out practical experience much more interesting. Prior to nighttime slips, try to make sure your camping entirely create. In the event you visit the camp out website inside an Motorhome, playground it properly. When pitching a tent, choose a dry toned area. Well before nighttime will come all around allows you to to familiarize yourself with your environment, accomplishing this. When you are a newbie camper, have the first vacation in close proximity to your geographical area. You could have difficulties with your products. Alternatively, you might physique that you might want to slice your camping journey short. You may work lacking items very early. Numerous things can occur for your very first-time camper, so be sure you camp near residence. Kids like outdoor camping, but be sure you strategy pursuits for these people. They will not be used to sport fishing or campfires. Before you set out to camp out, make them learn these works. Constantly load up enough of the correct type.Foods poisoning will put an ugly stop it easily.Prepare your food items appropriately and acquire any precautions you must get. Get the most levels, flattest floor probable to setup your tent. Deciding on a sloped or difficult web site can certainly make your tent. Constantly set down some tarp initially to prevent water from entering into your tent. Camping out is often exciting, as said before at the beginning of this short article. A basic trip can make disastrous without the right preparing. The best thing is when you employ the details previously mentioned completely, you may nearly absolutely use a great time. And bear in mind, have a good time!

Leave a Reply

Your email address will not be published.

Make an enquiry today