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If you have already exchanged then it would be basically too late. It is possible to negative gear against personal income with a unit trust. Downside is less lenders.

Yes it would. but a 10% transfer would be smaller and more easily managed to reduce CGT.

Another option is the fixed unit trust. CGT could be minimised by transferring say 10% per year for 10 years. Could also transfer units to a SMSF to make a tax rate of possibly 0%.

Yes best to go 100%. CGT will only be slightly higher than trasnferring 99%. Stamp duty exempt in Vic anyway.

I don't like this 1% biz. It will mean both are on the loan - so poor asset protection and this will hurt serviceability severely. The 1% owner will only didly squat yet be liable for the whole debt. Messy at death too. Why not just got 100%? If you are worried about control, lodge a caveat.