Browse Forums Home Finance Re: Is this right? (Buying AND selling lose you money?) 5Jan 12, 2012 10:27 pm Michael Chan | Australia wide Mortgage Broker Michael@ShapeHomeLoans.com.au | 1300 74 5626 | Fax: 02 8212 8909 http://www.ShapeHomeLoans.com.au Re: Is this right? (Buying AND selling lose you money?) 11Jan 17, 2012 12:26 pm How the hell did I become a senior member!? I know nothing! Re: Is this right? (Buying AND selling lose you money?) 12Jan 17, 2012 12:29 pm Mozzie Just as well you are not in Victoria. We pay the highest stamp duty in the country. I recently bought and sold and was out of pocket 50k including the ridiculous stamp duty cost of 34k. It forces people to stay put in less than ideal situations because the cost to move on is so prohibitive. Every time I move to a new house I loose a chunk of my equity on stamp duty (which is the greatest government rip off there is). Makes you want to rent - cost of moving as a tenant is removalists only... WOAH! I knew VIC was high, but that just SUCKS! We thought QLD was bad now. When we bought our place in 2008, we hardly paid any stamp duty at all. We did pay SOME, as it was just before they took it away entirely for first home buyers, but it was only about $500 or something ridiculously low like that. But THIS time, it’s all different. If we paid $350,000 for a place, we’d be losing an extra $9,000+ just in NOTHING! What is it FOR anyway? Who does it benefit (well, obviously I know that, but for what specific purpose does the government claim it’s used for?) How the hell did I become a senior member!? I know nothing! I've just had a look at the website. The company are just building broker's. There are plenty of similar companies that basically draw your plans (they own them so you… 8 12123 As a tradesmen get a private inspector although I don't think there worth it in their profession themselves the reminder they serve to the tradesmen doing the work is… 3 28248 Yeah sorry man, thats always been my fear during this first time build.. we have literally just hit lockup as-well, so ive been praying for no issues. Our mortgage /… 3 3370 |