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  1. Redom

    Costs involved in buying existing property as a newbie investor in NSW ?

    As tobe mentioned, generally require a 12% deposit (LMI, around 1.5% of the property value, can be capitalised onto the loan). Will need to cover stamp duty yourself (cannot be added onto your loan) - which is usually around 3-5% of the property value (depending on the state). Add in another...
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