How Much Does Property Investment Cost by State?

You can purchase a house or an apartment unit for no other reason but because it is a good investment, even if it is a long commute in another region or a plane flight away in a different state.

However, the fees and charges you have to pay depend on which state you want to purchase in.

Don’t forget that because you’re purchasing the property as as investment, you are disqualified from the concessions granted for first-home buyers as you will not be residing in the property. So expect to pay for the full costs.

In this article, we used as an example a home bought at $500,000 as the best price range for investment is between $400,000 and $600,000 according to real estate experts.

Where in Sydney can I purchase property for $500,000, you might ask?  Difficult but not impossible if you are willing to purchase a studio or one-bedroom house, or search on the outskirts of the city.  You’ll also discover that what you’re going to pay for investing in Sydney is, for the most part, cheaper compared to other parts in Australia with the exception of Queensland (the only state with lower fees).

For a house that costs $500,000, you’d have to pay a little over $18,000.

Stamp duty – $17,990
Transfer fee – $138.30
Mortgage registration fee -$138.30
Total – $18,267

Victoria has the most expensive purchase price for a residential investment property out of any state in the country.

For a $500,000 home you’ll be hit with more than $8,000 more than a similarly priced house in Sydney, though the house you’d own for that price would probably be nearer the city or much bigger.  By adding $50,000 on the purchase price, you’ll pay roughly $3,000 to the applicable stamp duty, together with a slightly higher transfer fee.

Stamp duty – $25,070
Transfer fee – $1265
Mortgage registration fee – $114.90
Total – $26,449

The real estate market in Queensland has not enjoyed the same degree of growth as New South Wales and Victoria, making it an attractive investment haven.

The cost of buying an investment property in the Sunshine State is the lowest of all Australian states.

Stamp duty – $15,925
Transfer fee – $1269
Mortgage registration fee – $181
Total – $17,375

South Australia may not quite match Victoria in terms of the high overall costs of investing, but it is close to it.
Investors need to cough up $3,897 for the transfer fee on a $500,000 property. This is 300% more than in other states.

In some states the transfer fee is fixed, but the fee in South Australia increases by around $402 each time you add $50,000 to your purchase price.

Stamp duty – $21,330
Transfer fee – $3897
Mortgage registration fee – $160
Total – $25,387

Western Australia’s real estate market is seen as unstable to some degree, but investors who are prepared to brave it will experience reasonably low stamp duty and fees. The state follows behind Queensland when it comes to low stamp duty fees. For transfer fees, they increase only fractionally as the price of the property increases.

Stamp duty – $17,765
Transfer fee – $258.70
Mortgage registration fee – $168.70
Total – $18,192

Fees are kept low also in Tasmania, largely because of the fees being kept at low rates, regardless of how much the property is worth.

Pleasantly for buyers, all properties have a transfer fee that is set at $203.05. This means that when the purchase price reaches $800,000, the cost in Tasmania becomes the least expensive in Australia.

Stamp duty – $18,247
Transfer fee – $203.05
Mortgage registration fee – $132.52
Total – $18,583

Other items to note
You’d also most probably pay annual land tax, depending on the state in which you purchase your investment property, and the type and size of the property you purchased.

Each state also has different land tax thresholds and charges an amount depending on the size of the land where the property stands.

But for units, you’d only pay a portion of the land tax, depending on the number of apartments or units are on the land. Make sure to find out the land tax rate before purchasing.



Tips for Buying Outdoor Sofas

Novocastrians are lucky because we get to enjoy the sunshine with friends and family on your verandah, patio or deck for most of the year. Equipping your outdoor space with furniture is not only functional but sets the tone for your style and what you like.  The best way to get started is to begin with a sofa.

When choosing a sofa, it should reflect your interior design aesthetic. It should also be tough enough to handle changing weather conditions. In terms of materials, ornate wrought-iron, plastic and faux wood have been replaced by rattan, teak and other woods as these are materials preferred by customers. With treated rattan, you don’t have to maintain your sofa as much.

Popular Materials:


Treated rattan is a favourite for outdoor sofas because it is durable, lightweight and portable. In addition, rattan can absorb many types of dyes and stains, making it more appealing to buyers.

There is also a more modern, lightweight and synthetic material called polyethylene rattan that is used for making outdoor furniture. It is water and UV rays-resistant and helps minimise the dependence on using natural rattan materials.

Don’t confuse rattan with wicker. Rattan is the material for making furniture, while wicker is the process or technique that involves weaving rattan and other natural resources into complex patterns.


The popularity of teak as a material in a variety of outdoor furniture is because of its vibrant colour tone and its hard-wearing quality. In addition, its high natural oil content allows sofas to withstand outdoor conditions much better. Also, it is not difficult to care for teak.

Though splits and marks will appear as teak ages, some people say that this gives sofas a sense of refined elegance and rustic appeal.


Steel is often used to make bigger furniture like sofas because it is stronger than aluminium but the furniture can be cumbersome, and steel tends to rust. Steel sofas must be treated with a protective finish like powder coating or it must be galvanised.

Resin and plastic

The high demand of plastics and resins for use in outdoor furniture is owed to their affordability, light weight and durability. They are also low maintenance. However, they may be unable to endure very high winds, so make a smart choice or place furniture in a highly protected area.




Popular Designs:

The demand for more comfort from outdoor sofas has never been as high as it is now. People prefer that the aesthetic should be more ‘indoor’ as they aim to combine indoor and outdoor patio spaces together. Spaces must evoke a “free” vibe. This can be achieved with the use of open weaves or thinner frames so they look transparent and don’t disrupt the space.


This is ideal if you a small patio, deck or backyard that you want to use for small intimate gatherings. It is basically a two-seater sofa that goes beautifully with a set of chairs and a table.


Sectionals are the right choice for larger gatherings and parties. Their versatility allows it to be arranged in many different ways, depending on the occasion. You can customise or re-arrange it to suit your style and requirements.


Daybed sofas are the way to go if you want to just laze the summer away. You can lounge and laze on it, and it comes with features such as shade canopies and footrests for extra comfort.

Cushions for outdoor sofas

Lets face it sofas of any kind are unattractive without cushions. Cushions come in a variety of outdoor-friendly fabrics, but acrylic is the most hard-wearing and breathable among these fabrics. They are more resistant to colour-fading compared to others.

Shopping Tips:

Consider the weather

Think about what the weather is like in your area all-year around. Is it hot and humid, or is it dry? Do you live in an urban area or near the coast? Wood tends to split and crack in very hot and dry weather. Wicker furniture can be damaged by too much exposure to moisture, and metal furniture left outdoors can be damaged by high salt content in the area near the coast.

Measure your space

When planning to buy outdoor furniture, know your dimensions of your outdoor space. Make sure there is enough space surrounding your furniture to walk around it easily. Use the same principles of traffic flow as you would to your indoor space.

The right place for the sofa

Where should the sofa be placed? On a paved surface? On a wooden deck? Or on the grass? It is recommended that soft wood not be placed on grass because continued contact with moisture can result in rotting of the wood. And metals will corrode when repeatedly exposed to moisture.

Think about comfort

Prioritise comfort when choosing a sofa because outdoor space is all about rest and relaxation. Create a cosier feel by adding in a few more cushions, and choose fabric that can withstand mildew and fading.


Don’t overlook your budget. It’s easy to find cheap furniture, but it tends to not wear well. What is more important is to buy the highest quality pieces that fit your budget.

More Inspiration:

Why not check out some ideas on the following Pinterest pages.



A Guide on Bathroom and Kitchen Renovations on a Budget

The deciding factor when determining how to go about your home renovation is usually cost. There should be order to your renovation plan in order to stretch your budget as far as possible. But what should be your first step?

If you’re looking at increasing the value of your property, you should be discerning when it comes to your choices.

The kitchens, bathrooms and other highly-trafficked rooms are some of the renovation projects you should undertake, though be aware that even these spaces are not only sure-fire moneymakers.

People often mistake that any renovations done on these rooms would mean an automatic boost in a property’s resale price. The truth is there would be little or no value added if your project is poorly planned.

Here are some tips to guide you on your kitchen and bathroom renovation on a budget.


Here are do’s and don’ts on a kitchen renovation project, with the area having an average size of 8 square metres:


  • Have the kitchen outfitted with a canopy rangehood and dishwasher
  • Install stones for surfaces
  • Use an open-plan design


  • Buy pricey fixtures and fittings
  • Give in when it comes to bench and storage space
  • Apply a weird colour palette

*Expect an average renovation cost of $12,000 – $16,000.


For a bathroom with an average size of 6 square metres, here are some renovation do’s and don’ts:


  • Have a frameless glass shower installed
  • Have floor-to-ceiling tiles laid
  • Add a double vanity, if there is still space


  • Undertake massive modifications to the plumbing
  • Change a bathtub/tub combo to a shower only
  • Use too much mosaic tiling

*The average renovation cost is estimated at $9,000 – $12,000.

Any makeovers that will extend the space of your home are sure to be worth your time, such as additional bedrooms or a new deck or patio.

If you don’t want to splurge on major renovations, you can undertake affordable overhauls that could also boost your property’s value. Here are some suggestions: a new coat of paint, new light fixtures or new grout in the bathroom.

You may not be able to do all the things on your renovations wish list, but choose the spaces in your home that would gain the most from a makeover. This would guarantee an increase in your standard of living – and bank balance.

Using a Real Estate Agent versus Selling Your House Yourself

You are making a major financial endeavour when selling your home. This is why it is highly recommended that you seek the help of an expert. Though you may have the experience and resources to go about it on your own, doing so can be costly and can take a lot of your time.

It is the job of real estate agents to sell properties, and you can benefit from their vast experience. In addition, you are protected legally when you use a real estate agent. The things that an agent will do for you include:

  • Provide accurate advice on the value of your property and include recent sales as evidence
  • Assist you on the best method to sell your property (auction, tender or asking price)
  • Set up, be present and take note of potential buyers at open houses
  • Deal with enquiries about your property
  • Give you access to more prospective buyers with their own buyers’ database
  • Take care of sale negotiations for you and make an effort to get the best possible price

Additionally, your agent will:

  • Assist you and handle all activities involved in the marketing of your property, including organising the flyers, floor plan, video and photos
  • Create a professional advertising schedule that would deliver maximum exposure to your property to draw in attract the most prospective buyers
  • Guide you on conveyancing, legal and financial services
  • Wrap up the sale through a solicitor or conveyancer

Selling your property without an agent can cost you thousands, even choosing the wrong agent can cost you thousands of dollars!  Make sure you choose you agent based on their marketing and negotiation abilities.  Be very aware of the agents who appraise your property high and ask for a low commission.  There’s a reason for this!!