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  • Profile photo of JennyNowakowskiJennyNowakowski
    Member
    @jennynowakowski
    Join Date: 2002
    Post Count: 3
    July 28, 2002 - 5:55 am

    Hi Fergus,

    yes I had forgotten about stamp duty! But isn’t there a stamp duty scheme for first home buyers so they don’t pay it? Because I would have applied for it except my property was an investment one and it was only for first home buyers living in the property, like the FHOG.

    Jenny

    Profile photo of JennyNowakowskiJennyNowakowski
    Member
    @jennynowakowski
    Join Date: 2002
    Post Count: 3
    July 27, 2002 - 5:15 am

    thanks for your reply Fergus.

    I would like to do it on the cheaper properties but I live in Sydney!

    You mentioned 10% buying costs of $14k for a 140k property, that seems a lot? I bought a villa in Coffs Harbour last year and I didn’t have 8k buying costs.

    I thought approx 2k for conveyancing, reports, etc, 1k for bank fees etc and 1-2k for extras (insurance and anything else).

    What am I missing?

    Jenny
    P.S. Going to Steve’s seminar in November where he will tell you how to get unlimited finance so I just thought a 95% loan but if I need a 10% deposit I would ask the wrappees for it.

    Profile photo of JennyNowakowskiJennyNowakowski
    Member
    @jennynowakowski
    Join Date: 2002
    Post Count: 3
    July 25, 2002 - 7:52 am

    Yes, that’s what I was thinking and one of the reasons I’m going to the Sydney one!

    Jenny

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