How Much Can Moving House Cost?
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How Much Can Moving House Cost?

Sep 12, 2022 Canberra is an important Australian City, as it is the centre for all administrative and political activities in the country. It has a well-developed infrastructure, excellent transport system, ample work opportunities and a skilled migration program. Therefore, many people relocate to Canberra from other regions, and its residents also move for work, study and other reasons. If you want to move house, plan and prepare for it wisely because the process is financially taxing. It can cost $300 to $3,500 for a local move and the cost can go as high as $8,000 for an interstate move. These moving estimates include the cost of hiring removalists in Canberra, travelling and other expenses. Want more useful insights? Read on to know how much can moving house cost in Canberra.

Median House Price in Canberra

The property markets of cities in Australia witnessed blistering rise in house prices and caused homes in popular cities like Canberra to cross the average price mark of one million mark. Currently, the median property price is $1,070,403 and the median house price is $1,033,377, which according to experts, is the lowest since the COVID-19 pandemic. The decline in the prices of properties is significant if you want to get a house in the city. You can find affordable homes by exploring different neighbourhoods. Purchasing a house here is beneficial as there are good schools, modern amenities, and the annual rental yield is around 5.4%.

Stamp Duty in Canberra

Stamp duty, also known as conveyance duty, is the tax you must pay when buying a property in the Australian National Capital (ACT). Stamp duty is usually 3-4% of the overall cost of the property you buy, but use the ACT Revenue Office website to calculate your conveyance duty to know the exact amount. You have 14 days to pay the duty after the title of your property is registered at Access Canberra. Make sure you or your agent lodge the title transfer application in time or you have to pay a penalty tax.

Cost of Removalists in Canberra

The cost of hiring removalists in Canberra depended on factors like distance, the weight of contents, property size and hours needed to manage the move. Usually, removal professionals charge by the hour, and you can expect to get quotes ranging from $75 to $300 an hour. The charges increase when you get packing service and moving insurance from the removalists. Expect a house move for small items that takes 2-3 hours with the help of two removalists to cost around $110/hour. However, the quotes are higher if you choose quality removalists in Canberra and your house has three or more bedrooms. Therefore, schedule a pre-move survey to get the correct estimates. Reputed removalists in Canberra conduct this review to check the property & its contents, create a plan for packing and moving your belongings and gain other important information. Afterwards, they share a realistic moving estimate which is more reliable than an instant quote.

How to Save Money While Moving?

Different factors decide how much your house move will cost, which is why you must create a budget outlining expected and fixed expenses. Make this budget after you have found a house, as you will know its exact cost and can plan other expenses accordingly. Besides making a good budget, here are tips for saving money while moving house.
  • Lighten the packing and moving load for your hired removalists. The less you have to move, the less you pay.
  • Sell things in good condition and appropriate for all ages to generate funds to increase your moving budget.
  • Book an affordable removal service after getting multiple quotes from local removalists in Canberra.
  • Use original packing materials for household things. Also, get free moving boxes from wine shops, retailers, bookstores, Gumtree, etc.
  • Pack your belongings with things in your home like bed sheets, blankets, socks, towels etc. You can also use pillows and cushion covers to keep delicate items and stuff empty spaces in boxes with old newspapers.
  • Don’t move during peak season. You will find more traffic on roads, and good removalists charge more because they are in demand.
  • If you cannot move during non-peak seasons, book removalists in Canberra at least four weeks before moving to get early discounts.
  • Also, try to relocate on weekdays as you can book a removal service at cheaper rates. Due to the increase in demand, most removalists ask for more money to help you move on weekdays.

The Bottom Line

Managing a house move is difficult because you have to consider multiple one-off expenses with your fixed ongoing expenses. Therefore, use this guide to know how much moving house costs in Canberra and how to save money while moving. Additionally, make sure to book good removalists in Canberra to get the best services and move to/in Canberra without hassle.