Buying guide
Bills you have to pay when owning a house
You’ve done the hard part and bought property – these are the costs you’ll need to cover now that you own
AI summary
Owning a home involves several ongoing costs beyond the initial purchase. The largest expense is mortgage repayments, followed by mandatory home insurance, which your lender will require from day one.
Homeowners must also budget for utilities like power and internet. Another key cost is council rates, which fund local services and are based on your property's value. Finally, set aside funds for ongoing maintenance and repairs to keep your property in top condition and prevent larger issues.
Mortgage repayments (obviously)
Home insurance
Utilities
Get your wallet out, because owning a house isn't cheap!
Rates
Maintenance and repairs
Author
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