Skip to main content

How to Property is in Early Release. Full release 14 May 2026. Provide feedback and contact for partnerships.Contact Us

Free property education for Australians.
From first steps to settlement.

© 2026 How to Property.
All rights reserved.

Browse

Courses
Tools & Calculators
Definitions
Resources

Company

About
Contributors
Terms of Use
Privacy Policy

Media

Blog
Updates

Stay in the loop

New courses and guides — no spam, unsubscribe any time.

Dashboard

Courses

All Courses

Lessons

All Lessons

Tools & Calculators

Purchase Costs
Stamp Duty
Borrowing Power
All Tools & Calculators

Community

Forum

Sign in for personalised lessons

T

7

Taxable IncomeThe income figure on your ATO Notice of Assessment after deductions have been applied. Used by Help to Buy and the ACT Home Buyer Concession Scheme to determine eligibility.
The 1% ruleA maintenance budgeting guideline where you save 1% of your property’s value each year for repairs and upkeep. On a $800,000 home, that means $8,000 per year. Some years you spend less, some more — the figure is an average over time.
Title RegistrationThe government fee charged by your state or territory land titles office to formally record the change of property ownership. A separate mortgage registration fee applies if you have a home loan. Until registration occurs, the legal transfer is not complete.
Title SearchA check of the official land title records to confirm who owns the property, whether any debts or encumbrances are registered against it, and whether there are any restrictions on its use.
Trail CommissionAn ongoing annual payment from the lender to the mortgage broker, calculated as a percentage of the remaining loan balance (typically 0.15% to 0.275% per year). It is paid for as long as the borrower stays with that lender, giving brokers an incentive to keep borrowers on existing loans.
Transaction CostsOne-off costs paid at or around settlement to complete a property purchase, including stamp duty, conveyancing fees, inspections, loan application fees, and registration charges.
Two-Stage Hedonic RegressionA statistical technique that corrects for selection bias in property price comparisons. In the first stage, the probability of a property going to auction is estimated from its characteristics. In the second stage, this correction is applied to the price comparison, to isolate the effect of sale method from the effect of property quality.

All definitions

DefinitionsTransaction Costs

Transaction Costs

noun

·trans·ac·tion costs

·/pronounced tran-ZAK-shuhn KOSTS/

Last updated 21 April 2026

What does the noun Transaction Costs mean?

One-off costs paid at or around settlement to complete a property purchase, including stamp duty, conveyancing fees, inspections, loan application fees, and registration charges.

Cite this entry

MLA

MLA citation: "Transaction Costs." How to Property, 21 Apr. 2026, https://howtoproperty.com.au/definitions/transaction-costs. Accessed 21 Oct. 2026.

Chicago

Chicago citation: How to Property. "Transaction Costs." Last modified April 21, 2026. https://howtoproperty.com.au/definitions/transaction-costs.

APA

APA citation: How to Property. (2026, April 21). Transaction Costs. https://howtoproperty.com.au/definitions/transaction-costs

How to Property is in Early Release. Full release 14 May 2026. Provide feedback and contact for partnerships.Contact Us

Dashboard

Courses

All Courses

Lessons

All Lessons

Tools & Calculators

Purchase Costs
Stamp Duty
Borrowing Power
All Tools & Calculators

Community

Forum

Sign in for personalised lessons

TRANSACTION COSTS Definition & Meaning | How to Property