We are here to give you a lending hand

Consider these costs when purchasing a property

  • Lenders Mortgage Insurance (LMI) – A one-off, non-refundable, non-transferrable premium that’s added to your home loan. When you don’t have a minimum 20% deposit, it is calculated based on the size of your deposit and how much you borrow. The more you contribute to the purchase price of your property, the lower the cost will be.
  • State Taxes, Duties and Fees – Stamp Duty is a government fee which varies between states. Your 1st Street Mortgage Broker can calculate this amount for you.
  • Legal Representation Fees – A solicitor or conveyancer is required to manage the legal aspects of your property such as assessing the contract and carrying out property searches. This fee can range from $1,500 upwards.
  • Building Inspection Report – An inspection of the building you intend to purchase will highlight whether there are any issues or potential issues with the building. This report generally costs up to $1,000. A building inspection report may not be required if you are purchasing a strata title unit.
  • Strata Report – This is required prior to purchasing a strata title unit to ensure you are fully aware of any underlying issues relating to the unit/building you are looking to purchase. This can be arranged by your legal representative.
  • Pest and Termite Inspections – This is a relatively inexpensive cost although a worthwhile purchase as it will make you aware of any current or previous pest related issues in the property.
  • InsuranceBuilding, home, contents and mortgage protection insurance

Our service is completely


Yes, that’s right. You pay zero, zip, nada.

1st Street’s premium service comes at no cost to you! 1st Street is paid by the lender when your loan settles, however, this will not affect your interest rate or loan fees! It is often more cost-effective for a mortgage broker to process a loan rather than the lenders processing it themselves in-house. In fact, we often find that we can save you money by negotiating on your behalf.


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Use our online calculators to work out how much you can borrow, loan repayments, stamp duty and lots more.

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