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Make sure you split the loan before depositing any more money in it. Otherwise the deposit will come off both the deductible and non deductible portions. Yes stamp duty, CGT for a transfer to a trust - at market values. Don't forget land tax in NSW is 1.6% pa of land value with trusts...

The deductibility of interest will be far less than you expect. If money has been going in and out the part relating to the original purpose of buying the property may be way less than the $160k. Each deposit is a repayment and each redraw is a new loan. It would be a night mare to work out...