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Going down this road has been a headache as seems the Bank does not actually know how it all works, funny that.... Anyway they finally figured it out and all is OK. They started talking about paying double stamp duty and stuff like this, I almost pulled the pin on it. Finally resolved...

I am going through this process now. With Wespac you do not need to exchange contracts and settle simutaneously with both properties. Funds from sale of property (1) are placed into a fixed term deposit account unfortunately completely drawn down at an interest rate of around 3%, this...