Australian Property Selling Costs and Net Proceeds Calculator
Estimate how much cash you would have at settlement after selling a property: the sale price, less the costs of selling, less paying out the loan.
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Your Sale
You will need: expected sale price, agency agreement, conveyancer quote, lender payout figure.
The price you expect to sell for, or the agreed contract price.
Selling Costs
Enter each cost from your own quotes, as the amount you will pay including any GST. calx does not suggest a commission rate or any fee. Leave a cost blank if it does not apply.
Use the fee in your agency agreement. There is no standard or official commission in Australia: rates are negotiated. Agents should quote a vendor the total fee including GST, but a rate is sometimes written as, say, 2% plus GST, so choose the option that matches your agreement. The commission is counted once, including its GST.
Listing fees, photography, signboards and advertising you pay for.
Your conveyancer or solicitor's fee, including searches, the contract and disclosure documents, and settlement fees on their quote.
The lender's discharge fee, and any break cost your lender has quoted on a fixed rate loan. Many payout figures already include the discharge fee: if yours does, leave this blank so it is not counted twice. The same goes for a registration fee already in your conveyancer's quote.
For example styling, an auctioneer's fee or a pest and building report for buyers. Not renovations or improvements, and not stamp duty, which the buyer pays.
Your Loan
Estimate only, not financial, tax or legal advice. Use your agency agreement, your conveyancer's quote and your lender's payout figure. The cash you would have at settlement is not your capital gain, and capital gains tax is not taken off it. Settlement adjustments for rates, water and strata levies, and any deposit released to you before settlement, are not included.
Enter the sale price to see your selling costs and the cash left at settlement.
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Frequently asked questions
How is the cash at settlement worked out?
It is the sale price, less your selling costs, less the loan payout. Selling costs are the agent commission including GST, marketing and advertising, conveyancing and legal fees, mortgage discharge and bank fees, and any other selling costs you enter. For example, an $800,000 sale with a 2% commission including GST ($16,000), $5,000 of marketing and $2,000 of conveyancing has $23,000 of selling costs and $777,000 before the loan. With a $500,000 payout figure, about $277,000 is left at settlement. Every figure comes from you, so it is an estimate: use your agency agreement and your lender's payout figure.
What is a normal real estate agent commission?
There is no standard or official commission in Australia. No state sets or caps it, and rates are negotiated between you and the agent, so they vary by area, price and agency. Some agents charge a percentage of the sale price, some a fixed fee, and some a tiered rate. calx does not suggest a rate. Enter the commission in your agency agreement, as a percentage or as a dollar amount.
Does the commission include GST?
Check your agency agreement. Agents should quote a vendor the total fee including GST, but a rate is sometimes written as, say, 2% plus GST. Choose "Includes GST" if the figure you enter already includes it, or "Plus GST" and calx adds 10%. A 2% rate plus GST on $800,000 is $16,000 plus $1,600 of GST, $17,600 in total. The commission is counted once either way, and the result shows the GST inside it.
What figure should I use for the loan payout?
Ask your lender for a payout figure for your settlement date. It is usually more than the balance on your statement, because it includes interest up to that day and often the discharge fee. If the payout figure already includes the discharge fee, leave the discharge fee field blank so it is not counted twice. Include every loan secured on the property. If there is no loan, answer No and the cash at settlement is the sale price less selling costs.
Is stamp duty a selling cost?
No. Stamp duty (transfer duty) is paid by the buyer, not the seller, so it is not in this calculator. If you are buying your next home, the stamp duty calculator estimates what you will pay on that purchase.
Is capital gains tax taken off the cash at settlement?
No. The cash at settlement is not your capital gain, and capital gains tax is not taken off it. Any capital gains tax is worked out on the gain, which is the sale price less the cost base, and is paid through your tax return, not at settlement. Your main residence is usually exempt. The costs of selling, such as commission and legal fees, can form part of the cost base. Use the capital gains tax calculator to estimate it separately.
What does this calculator not include?
It does not include settlement adjustments for council rates, water and strata levies, which your conveyancer works out for the settlement date, or a deposit released to you before settlement. It does not estimate a loan payout, a fixed rate break cost or any fee, and it does not include capital gains tax, stamp duty (which the buyer pays) or the cost of renovations and improvements. Results are estimates, not financial, tax or legal advice.