Nope, no stamp duty on deposit.
I was re-imbursed my deposit by the new purchaser. I provided my receipt as proof of deposit.
I did pay ~$85 for the conveyancer to handle my capital gain and post my cheque.

BEAR1964

I’m sure it does vary from state to state. I am in SA tho’.
There wasn’t any stamp duty.
Cheers

As a professionals Investor, you would be considered self-employed, therefor needing 2 years minimum financials that show your income able to substantiate your living expenses and your loans.
ie. replace your income with investment income.

For a trading company, you would need the same financials showing good incomes for 2 years minimum, the same…[Read more]

The NAB will accept 100% of rental income if there is a rent agreement in place. Only 60% on proposed rent for a purchase tho’. If you are buying, get a tennant prior to purchase or valuation at least. (The valuer will determine the proposed rent.)
Homeside Lending (a division of the NAB) has same policy as NAB, and can be accessed easily via a…[Read more]

I’m sorry I didn’t follow all of your question.
If you have a Home Loan and IP Loan, then the scenario below could be profitable.
It sounds like your going to rent out your current home and buy a new home, is that right? If so, you may want to check with your accountant about the deductibility of your interest. I have heard that deductions may…[Read more]

It is possible to “convert” your Non-Deductible debt (Home Loan) to Deductible over a short period of time.
Open a new LOC facility secured preferrably over your Owner Occupied property (is this what PPOR stand for?) This is strictly for investment use. Use this to pay your repayments on your IP.

Take your rent from your IP and add it to your…[Read more]

Paul,
You said
“I now know of 2 mortgage organisations who are advertising that their underlying funders and mortgage insurers are fully “in the loop” as far as knowing and approving that the house may be on sold using a wrap strategy.”

Can you tell me who they might be.
Thank you,
Michael