About the Property Selling Cost Calculator
A property selling cost calculator Australia helps homeowners and investors estimate the total costs involved in selling a property, including agent commissions, marketing fees, legal costs, and mortgage discharge fees. Understanding these costs is essential for calculating your net proceeds and planning your next property purchase. The ATO considers selling costs when calculating capital gains tax.
What is the Property Selling Cost Calculator?
This calculator estimates all costs associated with selling a property in Australia, providing a clear breakdown of fees and net proceeds. Selling costs typically include real estate agent commission, which ranges from 1.5% to 3% of the sale price plus GST, marketing and advertising expenses, professional photography and styling costs, conveyancing or solicitor fees, mortgage discharge and early repayment fees, and pest and building inspection reports for the buyer. The calculator inputs the expected sale price, agent commission rate, marketing budget, legal fees, and any outstanding mortgage balance. It shows the total selling costs as both a dollar amount and a percentage of the sale price. It also calculates the net equity you will receive after all costs and mortgage repayment. Australian property sellers use this tool to decide on an asking price, negotiate agent fees, and understand their net position before listing. This is particularly important when selling one property to fund the purchase of another.
How to Use This Calculator
- 1Enter the expected sale price: Input the price you expect to achieve for your property based on market conditions.
- 2Enter agent commission rate: Input the commission percentage agreed with your real estate agent, typically 1.5% to 3%.
- 3Enter marketing and advertising costs: Input the total budget for photography, online listings, signboards, and brochures.
- 4Enter legal and conveyancing fees: Input the expected solicitor or conveyancer fees for handling the sale.
- 5Enter mortgage discharge costs: Input any fees for closing your home loan including discharge and early repayment fees.
- 6Enter outstanding mortgage balance: Input the remaining loan amount to calculate your net equity.
- 7Review your net proceeds: The calculator displays total selling costs, net proceeds after all expenses, and equity released.
Worked Australian Example
Practical Example
Rebecca is selling her three-bedroom house in Townsville, QLD with an expected sale price of $520,000. She has an outstanding mortgage balance of $180,000. Her real estate agent charges 2.5% commission plus GST. Marketing costs are $3,500, legal fees are $1,800, and mortgage discharge fees are $350. Using the calculator, she enters $520,000 as sale price, 2.5% as commission, $3,500 marketing, $1,800 legal fees, $350 discharge, and $180,000 mortgage balance. Agent commission is $13,000 plus $1,300 GST, totalling $14,300. Total selling costs are $3,500 plus $1,800 plus $350 plus $14,300, equalling $19,950. Net proceeds before mortgage repayment are $500,050. After repaying the $180,000 mortgage, Rebecca receives net equity of $320,050. She is pleased with this result and uses the figure as her deposit for her next home. The ATO will include the selling costs in her cost base if the property was an investment, reducing her CGT liability.
Common Property Selling Cost Calculator Questions
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Use Calculator →Reviewed by
BizMetrixs Team
Australian Financial Specialists