Relocating is among the most stressful experiences you will have in your lifetime. Approximately one-third of the stress is related to the expense of moving to a new house. Making a budget will help you identify areas where you can save money and provide a picture of how much you'll need to spend. Here are some of the fees to keep in mind when finding and moving to a new home.

1. Bridging Loan

Bridging loans are a viable option if you want a short-term loan to bridge the time between selling your previous house and purchasing a new one. It is possible to make deposits on your current loan while also paying off the interest on your bridging loan after your home has been sold using this form of a loan.

2. Lender Fees

If you want to cancel your fixed-term mortgage early, you may be charged mortgage discharge costs, settlement fees, or early departure fees. If you have a loan on your present house and apply for a new mortgage with a different lender, your current lender may charge you these fees to keep your business. If you want to save money on these fees, consider sticking with your current lender.

3. Real Estate Agent Fees

A skilled real estate agent will promote your home, assist you in setting a reasonable price for it, and oversee the whole sales process from beginning to end. It's important to talk about the real estate agent's fees with the agent before signing a contract with them. Real estate brokers either charge a flat service fee that remains the same no matter how much your property sells for or a percentage commission based on your home’s selling price, depending on the situation.

4. Conveyancing fees

Conveyancing costs are legal fees paid to a licenced conveyancer or solicitor to handle the paperwork needed to transfer property ownership from one person to another in a real estate transaction. These fees are inevitable as a necessary expenditure and must be considered into your budget.

5. Marketing Costs

The essential component of the sales process is getting your house in front of prospective buyers. Professional photography, house style or staging, signage, and in-print or online advertising are all examples of marketing expenditures. While it is not required, investing in marketing may help you obtain a higher total sales price for your house.

Additional Moving Costs

In the process of relocating, you may want to consider these extra expenses:

Paying for Storage 

You may have to pay for storage of your furnishings if you can't immediately move into your new house from your previous one. To save money on storage, declutter as much as possible before you begin packing.

Getting Professional Cleaners

In some situations, you may be required to pay for an end-of-tenancy clean while moving out of a rental. To save money on cleaning expenses, shop around or consider doing it yourself.

Obtaining the Services of Movers 

When relocating, you may be able to save money if you move some of your belongings yourself or enlist the aid of friends and family to move some of the heavier goods.

Purchasing Packing Materials 

You may often find boxes and packing materials free at local supermarkets or by asking about friends and family who have just relocated—packing fragile items? Use clothes, blankets, or towels as space fillers.


Moving can be made a lot less stress-free if you know what to expect in terms of expenses and mortgage fees. We hope that this list of considerations and fees will make your move as smooth as possible.

Contact our experts at Wealthy You to learn more about financing alternatives for a new home. We are a team of versatile mortgage brokers that have been serving Sydney for over a decade. We can provide you with mortgage options that match your financial requirements.