While most first-time buyers anticipated they will be up for stamp duty and home lenders’ insurance — if they don’t have a huge deposit — online comparison site Finder.com.au revealed more than half of first-time purchasers paid an average of $6353 in unanticipated expenses.
Many first-home buyers didn’t take into account professional advice, house hunting travel costs and property reports, Ms Megginson said. Housing estate Fairwater in Blacktown, which has become one of the most popular suburbs for first-time buyers in Sydney.“Then there are those homes that you’re quite interested in and you decide to get a contract review done and they can vary between $100 to $150.
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