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Re: Flipping That is how flipping is described in the US and in books. There are issues in NSW and other states. Specifically and/or nominee contracts still incur double stamp duty as the government sees it as two transactions. The exception being when John Citizen controls the nominee (say...

What basic concept are you asking about? The term "exchange contracts" in Australia relates to our property laws. The vendor and the purchasor each sign a contract, their solicitors "exchange" the signed contract so that each party now holds a contract signed by the other party. This triggers...