Buying guide
Bills you have to pay when owning a house
You’ve done the hard part and bought property – these are the costs you’ll need to cover now that you own
AI summary
Beyond the purchase price, new homeowners must budget for several ongoing costs. The most significant expenses include:
- Mortgage repayments
- Mandatory home insurance
- Regular utilities like power and internet
Additionally, you'll pay council rates to fund local services and should budget for ongoing maintenance and repairs, estimated at around 1% of your home's value annually. Planning for these costs is essential for successful homeownership and keeping your property in top condition.
Mortgage repayments (obviously)
Home insurance
Utilities
Get your wallet out, because owning a house isn't cheap!
Rates
Maintenance and repairs
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