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Melbourne Apartment Fees Explained: $58,000+ in Hidden Costs Breaking the Housing Market (2025)
Buying an apartment in Melbourne costs way more than just the purchase price. In this video, we break down exactly where the $58,000+ in fees and taxes goes when purchasing a million-dollar apartment, and why 8,000 new apartments remain unsold across Melbourne.
We cover stamp duty calculations (5-6% of purchase price), body corporate fees ($1,000-$10,000/year), special levies for unexpected repairs, and how these costs are impacting buyer demand and the broader Melbourne property market.
What you'll learn:
Real stamp duty costs: $33,300 for $600K, $39,570 for $700K, $58,270 for $1M apartments
Body corporate fees breakdown by building type
Why special levies catch apartment owners off guard
How 17% of new Melbourne apartments (8,000 units) remain unsold
What to check before buying any Melbourne apartment

📚 SOURCES & FURTHER READING:
Complete Conveyancing - Stamp Duty Explained: https://www.completeconveyancing.com....
Unconditional Finance - Stamp Duty Guide: https://unconditionalfinance.com.au/b...
Wood Property - Costs to Buy and Sell an Apartment: https://www.woodproperty.com.au/cost-...
Financial Mappers - Average Body Corporate Fee Victoria: https://financialmappers.com.au/what-...
Realestate.com.au - Owners Corporation Fees Rising: https://www.realestate.com.au/news/ho...
Pearson Chambers - Hidden Costs of Melbourne Apartment Living: https://www.pearsonchambers.com.au/bl...
The Fifth Estate - Why 8000 Unsold Apartments in Melbourne: https://thefifthestate.com.au/housing...
ABC News - Victoria Stamp Duty Concessions: https://www.abc.net.au/news/2024-10-2...

⚠️ Disclaimer: This video is for educational purposes only and does not constitute financial advice. Always consult qualified professionals before making investment decisions.

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Disclaimer:
We’re real estate enthusiasts—not licensed agents, appraisers, or financial advisors. All content is based on publicly available data, market observations, and personal opinions, and is shared for entertainment and general information only. Accuracy isn’t guaranteed. Always consult a qualified real estate professional, attorney, or financial advisor before making any property, investment, or relocation decisions.This video provides fact-based analysis without political bias—just economics, data, and real-world impact on families, developers, and the construction industry.