What is registration fee?

Registration fee is a type of government charge passed onto the consumer by the land registry offices for the service in registering your interest over a property in their registers. Each State has their own land registry that administers their own land registers. Each land registry will have different fees for the registration of different interests, so it is important that you refer to the correct authority when you are looking to purchase. The cost of the registration fee also changes every year, usually around the end of a financial year.

In Victoria, the registration fee of the transfer will be proportional to the purchase price, that is, the higher the purchase price, the more expensive the transfer, but it is capped at a certain amount. For the 19/20 financial year, the maximum fee per transfer is capped at $3,609 for a paper settlement and $3,600 for an electronic settlement. If there are mortgages involved, you will also need to account for the registration fee for these. The registration fee for a mortgage is $119.70 for a paper settlement and $110.80 for an electronic settlement.You can refer to the property and land titles website for further details on the costs of the registration fees. There are also calculators available to help you confirm the fees that are applicable to your transaction: https://www.propertyandlandtitles.vic.gov.au/forms-guides-and-fees/fees