Buying a House

All working out is at the bottoms of this slide

Task 1

The house I have brought

Task 2

The average price for the house is $925000

The 10% deposit is $92,500

It will take 308.33 weeks to earn the deposit

Task 3

Victorian Stamp Duty

$50,570

New South Wales Stamp Duty

$11,802.5

Compare

Stamp duty in Victoria is 4.3 times more expensive then what it is in New South Wales.

Website Facts

Mortgage Registration Fee- $136.3

Stamp Duty- $37,115

Task 4

Interest Rate- 3.99%

Task 5

Calculator

I would have to pay $4,411

I would have to pay $1,103

I would have to pay $2,206

I end up paying $1,548,582

My total interest charge is $623,582

My calculations with full price

Interest- $1,107,225

I would have to pay $3,075.63 monthly

I would have to pay $706.75 weekly

My calculations minus the deposit

Interest- $996,502.5

I would have to pay $2,768.06 monthly

I would have to pay $638.78 weekly

Working out!

Credits:

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