Yes, if you are all only ‘buying’ $60,000 worth of property and the value is $300,000, then the stamp duty would only be on $60,000, not the whole lot. But since it is family, is even this necessary? There will be other implications such as CGT if any of you sell and this is not your main residence.

Other implications would be the loan would need to be changed. All people on the title will have to go on the loan – this will affect your servicability.

A solicitor should be able to draw up some sort of agreement. there is a standard agreement for the joint purchase of property available at http://www.lawcentral.com.au for you to look at and get some ideas.

Things can get messy with family if some sort of problem arises – what if one of your siblings goes bankrupt or divorced etc.

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You cando it 2 ways.

1) increase the existing loan to withdraw cash and then use this as deposit on the next property

2) use the existing property as additional security for the next and borrow the lot.

1 is preferred by most people, especially if you are intending to buy more property.

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I agree

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You would need a solicitor to draft the option agreement – if you did it yourself, it could be worthless and you may lose the properties.

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Adding names to the title attracts stamp duty like purchasing. Another way to do it is just to set up some sort of agreement. Maybe put a caveat on the title to protect you interests.

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The main benefit I can think of is the limited liability issue. You would be far better looking at setting up a trust structure.

It may be possible for the shareholders of a company to transfer shares without stamp duty, but the offices of state revenue have clamped down on this and now if the company is considered land rich, then stamp duty will apply. This may vary from state to state as stamp duty is a state based tax.

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Not sure if you can claim things that are associated with future purchases. If you had a property at the time of the book purchase, then you should be right.

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You are moving into the house and claiming it as your PPOR during this time. So you may not be able to claim it at all.

The restumping is a repair, But you may be improving it to a state better than it was originally when you purchased it. So I would guess that it would be classed as part of the building, and so would be claimable at 2.5% over 40 years.

But I am not an accountant and this is only guesswork.

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Pre approvals are only valid for 3 months generally. So it is better not to get in there too early.

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I think generally lower valued properties have higher yields. I too would generally rather get 2 x smaller proeprties than one big one. But it would depend on the area and proeprties

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