Does anyone know in queensland if I buy a property as an investment in order to be able to increase my purchasing power and therefore I pay stamp duty as an investor and then I move immediately into the property can I get a partial refund of the investment stamp duty to what it would be if it was owner occupied purchase? My mortgage broker said the banks wouldn't be too concerned as long as you continue to make the repayments. The reason I ask is because I am potentially going to purchase a property and rent out a couple of rooms to boarders so serviceability wouldn't really be an issue but if I tell the bank that I'm planning to purchase as an owner occupier they won't lend me as much.
I know the answer lies with the office of state revenue but does anyone on here know to be able to advise me as I'm curious this weekend.
I know the answer lies with the office of state revenue but does anyone on here know to be able to advise me as I'm curious this weekend.