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How this buyer purchased a property with no deposit and no stamp duty costs

13 MAY 2021 By Reporter 1 min read Investor Strategy

Changing consumer preferences and accelerated working-from-home trends have seen Australians abandon cities for more lifestyle destinations. 

James Mitchell

Property buyer James Mitchell did just this. He joins host Phil Tarrrant to discuss how Sydney’s booming house prices and a growing family drove him to buy a home on Scotland Island. 

The duo discuss how the ‘pieces came together’, seeing James purchase a bespoke property with no deposit and no stamp duty costs.

  

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RELATED TERMS

Deposit
A deposit is a portion of funds used as security for a lease or the purchase of goods and services or funds transfer to another account.
Property
Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.
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