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  • Profile photo of T CaineT Caine
    Member
    @t-caine
    Join Date: 2010
    Post Count: 4
    January 7, 2010 - 3:57 am

    Hey Richard

    Thanks for your help there. Im in NSW.  With OO deduction on Stamp Duty  exempt. Would the interest and other property costs still be deductible?

    Profile photo of T CaineT Caine
    Member
    @t-caine
    Join Date: 2010
    Post Count: 4
    January 7, 2010 - 3:24 am

    Hi Dave

    I am in a very similiar situation to yourself in i have just moved out of my first property and am currently looking at my second.

    Talk to your MB about a Family fledge loan or limited guarantee loan as sometimes called. This is how we are purchasing our next property. It works by your parents guaranteeing 20% of your purchase against their property so you avoid LMI. If your income is good you can borrow up to 100%. Check st George and CBA lending products.

    Good Luck.

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