Why do you have to sell the property why not just sell it into a Trust structure and pay the additional stamp duty and possibly any GST. 

At least this way you will still own a property you now without having to pay selling agents commission.

Unfortunately you will not be able to switch the securities or pay down one loan and borrow the same amount at the same rate as what you will be doing will fail the ATO "Purpose test" thus making the interest non decuctible again.

Unless you sell the property into Trust or take out a separate new loan you are going round in circles and getting nowhere.

Finally a word about the Big C they dont lend to HDT or Unit Trust structures.

I am unsure as to who your current lender is and without a bit more information it is difficult to assess.

In saying this with the equity that you have the finance should fairly straight forward but as I mentioned more information is required.

Hi Brunoh

Sorry to be so vague but you havent given much information away.

if you want to part with a little more we can offer some structured suggestions.

Repaying the important date is the date you sign the contract and not the date you settle the property sale !!!

Hi Etty

Where is the property based.

If it is in Brissie i might be able to help you.

Oz

Personally you would be a fool to bluff a vendor and threaten not to settle.

As has been mentioned you will loose your deposit and run the risk of being sued for specific performance.

The Vendor has the right to resell the property and you are then liable for the difference in purchase prices.

I have had a couple of purchasers over the years try the same with us and each time we have won as Courts dont look favourably on purchasers who change their minds and do not settle. You are also liable for the Sellers legal costs.

JL

Yes most lenders pay a 3rd party insurer (there are some self insured exceptions) and if you refinance or sell the property you can apply for a LMI refund which is proportional dependant on the number of months since the loan was settled.

After 1-2 years you are unlikely to get anything back at all.

Tugger

Remember most Financial Planners are not going to keen on pushing a property based Asset as they do not normally get remunerated for this.

So unless it is a Fee for Service you are better off with a Mortgage Broker.

Kris

For CGT purposes the Contract date and not the settlement are taken. 

Rather than proceed to Contract on a property you enter into a Call Option.

This gives you the right but not the obligation to proceed to Contract after a specific time period.
When the expiry date of the Option has expired you have the ability to nominate your purchaser who will complete the Contract.
 
This can be someone to whom you have onsold the property to. As the end buyer they pay the stamp duty on the Purchase.

In Qld there is no stamp duty on an Option Contract but this is not the case in other States.