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633 mortgage broker q&a (market update, using equity, refinancing, loan structures, FHB & investors) + more

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How to Buy a Property at 850

Five percent stamp duty is capped at an amount of, it's got an income threshold. So that changes between areas and states. At 800,000, you're paying no stamp duty, you need a five percent deposit. I mean, that's 45,000 getting into the market in a Sydney market. It's awesome. That 800 to a mill even, which buys you something half decent in Sydney now. Like we did next size with a client the other day at 850. You're still only paying 10 grand in stamp duty. like you take that every day of the week. And up until, even in June, it was still a lot harder because people buying  at 850

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