Moving homes can be an exciting and daunting experience. Whether you are relocating to a new city, upgrading to a larger home, or downsizing now that the kids have moved out, the process involves various hidden expenses that can add up quickly and can vary significantly in price, depending on circumstances. In this blog, we’ll explore the costs associated with moving homes in Australia, helping you plan your budget and make your move as smooth as possible.
1. Hiring a Removalist
Removalists can help you pack up your previous home, carry your boxes, furniture and belongings and move them from house to house. Transporting your belongings safely is crucial, and most people opt for hiring a professional removalist company. The cost of hiring removalists in Australia depends on several factors, including the distance, volume of goods, and any additional services requested. On average, local moves can range from $500 to $1,500, while long-distance moves will cost significantly more. The going price for a removalist is between $70 and up to $300+ per hour depending on how many movers are required for the size of your home.
2. Packing Supplies
Don’t forget to factor in the cost of packing supplies, including boxes, packing tape, bubble wrap, and other materials. You can save money by sourcing free boxes from supermarkets or local community groups. However, if you prefer new and sturdy packing materials, expect to spend approximately $100 to $300.
3. Utilities Connection and Disconnection
You’ll need to disconnect utilities at your current home and set them up at your new place. These costs can vary per provider and state, but budget around $150 to $300 for disconnection and reconnection fees. It’s always better to over budget than under.
4. Cleaning Costs
Whether you’re leaving a rental property or selling a home you’ve purchased, a thorough cleaning of said property is necessary. If you hire professional cleaners, it may cost you between $150 to $400, depending on the size of your property.
5. Temporary Accommodation
In some cases, there might be a gap between leaving your current home and being able to move into your new one. If you need temporary accommodation, consider the cost of motels, hotels, or short-term rentals, which can range in price from $80 to $250 per night, depending on location and time of year.
6. Insurance
Protecting your possessions during their travels is crucial. Check with your chosen removalist company for their insurance options or consider taking out separate transit insurance, which could cost around 1% to 2% of the total value of your belongings.
7. Additional fee’s
- Property inspection: If you’re selling your current home, hiring a professional property inspector to assess your property’s condition can cost anywhere from $300 to $800.
- Real estate agent fees: If you’re using a real estate agent to sell your property, their commission typically ranges from 1.4% to 3% of the property’s sale price.
- When purchasing a new property, you’ll need to consider conveyancing fees and stamp duty, a state-based tax on property transactions (if applicable). Stamp duty and conveyancing fees vary depending on where you are moving. On average, budget for 3% to 5% of the property’s purchase price for these expenses.
Moving homes in Australia involves various costs, and being aware of them beforehand can help you plan your budget and avoid any unwanted surprises. By factoring in these expenses and preparing in advance, you can ensure that your passage into a new home is seamless and devoid of stress.
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