Search found 3 matches

by
Tue Oct 22, 2019 7:27 pm
Forum: Home Loan Forum
Topic: Does having a larger deposit mean I can reduce stamp duty?
Replies: 5
Views: 171717

Re: Does having a larger deposit mean I can reduce stamp duty?

What interest rates am I looking at? While banks charge me a high-interest rate because of my visa?
by
Tue Oct 22, 2019 6:55 pm
Forum: Home Loan Forum
Topic: Does having a larger deposit mean I can reduce stamp duty?
Replies: 5
Views: 171717

Re: Does having a larger deposit mean I can reduce stamp duty?

Thanks for the information. How much can I borrow from the bank? Does it have to be less than 80% of the property value?
by
Tue Oct 22, 2019 6:27 pm
Forum: Home Loan Forum
Topic: Does having a larger deposit mean I can reduce stamp duty?
Replies: 5
Views: 171717

Does having a larger deposit mean I can reduce stamp duty?

I am currently on TSS 482 Visa (4 years and 8 months) in Victoria. I am from South Africa and would like to buy a home. I am prepared to save a 30% deposit for a $1 million property to avoid paying high stamp duty. I’m earning an annual income of $350,000. Does having a larger deposit mean I can reduce stamp duty?