Property Selling Cost Calculator
Find out your true payout figure when selling a home with our free property selling costs calculator – it’s pretty handy!
Property Selling Costs Calculator: What’s Your True Walk-Away Figure?
When you decide to sell your home, the sold price on the contract is only part of the story. To plan your next move – whether you’re upgrading, downsizing, or investing – you need to know exactly how much cash will land in your pocket after all expenses are paid.
Our Property Selling Costs Calculator takes the guesswork out of your exit strategy by accounting for the essential fees and charges associated with selling real estate in Western Australia.
Common Costs to Consider
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Agent Commissions: Usually the largest expense, covering the professional services of your real estate agent.
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Marketing & Advertising: Professional photography, floor plans, and listings on major property portals.
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Settlement & Legal Fees: The cost of a conveyancer or solicitor to handle the transfer of land.
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Mortgage Discharge: Fees from your current lender to close out your existing loan.
Looking to Buy Again Shortly?
If you are selling to buy your next dream home, the timing of your finance is everything. We can help you navigate:
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Bridging Loans: To help you buy before you’ve officially settled on your sale.
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Portable Loans: Moving your current loan features to a new property.
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New Pre-Approvals: Getting you ready to bid at auction the moment your “Sold” sign goes up.
Frequently Asked Questions (Property Selling Costs Calculator)
Q. What are the typical real estate agent fees in Western Australia?
A. In WA, agent commissions are not regulated and are usually negotiated as a percentage of the final sale price, typically ranging between 2% and 3.5%. Some agents may also offer a ‘fixed fee’ structure. It is important to clarify whether this fee includes GST and marketing costs, as these are often billed separately to ensure your property gets maximum exposure.
Q. Do I need to pay Capital Gains Tax (CGT) when I sell?
A. If the property you are selling is your Primary Place of Residence (PPOR), you are generally exempt from CGT. However, if the property has been used as an investment or a rental at any point, CGT may apply to the profit made since it was first used for income-producing purposes. We recommend speaking with a qualified tax accountant to get a precise figure for your specific situation.
Q. What is a mortgage discharge fee and when is it paid?
A. A mortgage discharge fee is a small administrative charge (usually between $300 and $600) that your current lender applies to release the title of your home at settlement. This is usually deducted automatically from the sale proceeds by your settlement agent, so you don’t need to pay it upfront.
