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FAQ
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What are the property taxes in Bankstown and are there any other ongoing costs I should consider?
In Bankstown, property taxes, also known as council rates, vary but average around $ 250 AUD to $ 600 AUD per quarter depending on the property type and value. Additional ongoing costs include water rates, averaging $150-$ 200 AUD per quarter, and potential strata fees for apartments or townhouses, which can range from $500-$ 2000 AUD per quarter. Always verify specific fees for the property of interest.
What types of upfront costs and fees will I have to pay when purchasing a property in Bankstown?
When purchasing a property in Bankstown, you'll have to account for several upfront costs including stamp duty, legal or conveyancing fees, and a loan application fee, among others. Stamp duty varies based on property value. Conveyancing can cost between $700-$ 2500 AUD, and loan application fees range $0-$ 600 AUD. Property inspection fees might also apply. Always check the latest rates.
How does the Bankstown property market compare to ther regions in the Australia?
The median property price in Bankstown stands at approximately $1.2 million AUD for houses and $ 450,000 AUD for apartments. This is noticeably more affordable compared to Sydney's city center where median house prices soar to around $1.3 million AUD, but higher than Adelaide's median house price of around $ 540,000 AUD. Bankstown offers a competitive market with diverse housing options.
