Anyway, my question is...I just want to make sure I'm correct here, but...just for example you own a property and you achieve a sale of $340,000.
This is NOT actually what you get, is it? You then pay about $9,050 in agent's commission (in QLD it's 5% for the first $18,000 and then 2.5% on the remaining balance, plus GST), and legals (though that's not much).
So what you actually end up with is more like $330,000.
And then say the property you want to BUY is also $340,000...that's not what you actually pay, is it?
You then add on about $10,440 in stamp duty and also the legals, so what you're paying is more like $353,000.
So suddenly there is this $20,000+ discrepancy even when on face value, the 2 properties are the SAME value!?
Is this right or am I completely lost here? lol
![Shock :::](./images/smilies/Shok.png)