The sale price is not what you receive. This subtracts commission, marketing, legal fees and the loan payout to show the net proceeds.
For a seller planning their next purchase, the net figure is the one that matters — it is the deposit they will actually have.
Works out what is left after agent commission, marketing, legal fees and repaying the loan.
Commission percent
The agent’s fee as a percentage of the sale price. Australian residential commissions vary by state and by market, and are negotiable — the rate you enter should be the one in your agency agreement.
Marketing
Photography, listing fees, signage, and any paid campaign. Frequently charged separately from commission and payable whether or not the property sells.
Discharge and other fees
The lender’s discharge fee, mortgage discharge registration, and any break cost on a fixed loan. That last one can be large.
Loan balance
What is outstanding on the mortgage, which is repaid from the proceeds at settlement.
The net proceeds figure is what reaches you. Compare it against what you expected: the gap between the price and the proceeds is typically several percent of the price before the loan is even repaid.
If you are buying again, take that figure into the property buying costs calculator as your deposit. Selling and buying in the same market is where the total cost of moving becomes visible, and it is larger than either transaction suggests alone.
Commission is the largest single deduction on most sales, and it is the one that is negotiable.
Every figure below is computed by the same calculator on this page, from the inputs described. Nothing here is typed in by hand, so an example cannot disagree with the tool.
Look at the total deducted before the loan is repaid. On a sale of this size the selling costs alone are comparable to a small car.
Commission is the percentage applied to the sale price. The other costs are added as entered, and the loan balance is subtracted along with them.
Net proceeds are the sale price less commission, less the other costs, less the loan payout.
Capital gains tax is not calculated
A main residence is generally exempt; an investment property generally is not. CGT on an investment sale can be a large amount and depends on your cost base, holding period and income — none of which this knows.
Rates and water adjustments are excluded
Council and water charges are apportioned at settlement, which produces a small adjustment in either direction.
It is not a tax calculation
If the property was an investment, capital gains tax applies to the sale and is not modelled. Speak to an accountant before treating the net proceeds as spendable.
Fixed-rate break costs can be large
Selling during a fixed term can trigger a break cost of thousands of dollars. Get the figure from your lender and include it.
Adds transfer duty to your deposit and the other upfront costs, to show the cash you need to complete a purchase.
Works out gross equity in a property, and how much could be released while staying within a loan-to-value ratio you choose.
Works out gross and net rental yield on an investment property, allowing for vacancy and operating costs.
Works out transfer duty on a residential purchase from the statutory scale published by the state or territory, for the contract date you give.
This calculator can be embedded on a business website, branded to match it, with a call to action that sends the enquiry to that business rather than collecting anything here.