CIPT Transition Loan: Pay Stamp Duty Upfront or Over 10 Years?
Key Takeaways Duty on a qualifying commercial purchase is paid one final time, and a 1% site value tax starts in year 11 whichever way the duty is funded. Using…
Loanworx Group now offer Trusted Finance Brokers throughout Australia
With over 100 years of combined experience (including ex bankers), our broking team has a broad knowledge of financial services and are well suited to helping you with all your financial needs. We are built on referrals from happy and satisfied clients equipping us with access to a vast professional network, and ensuring you a successful application. No matter what your financial need is, you can trust Loanworx Group to make finance work for you.
What would you like to do?
Answer a few quick questions and we'll work out your next step.
Which best describes your situation?
Pick the one that fits. You can change it later.
What are you looking to do?
Tick everything that applies.
Let's look at things in more detail.
Please tell us a bit more about what you're looking to do.
Rough numbers are fine.
Getting a better deal
Who is your current lender?
What is your current interest rate?
%
Don't know your rate? Leave it blank and one of our brokers can help you find out.Renovating your property
How much do you need for renovations?
$
What renovations are you looking to do? (optional)
Consolidating your debt
Roughly how much debt are you looking to consolidate?
$
Borrowing additional funds
How much extra do you want to borrow?
$
Next, let's talk about the property you're refinancing.
What do you need finance for?
We work with banks, non-banks and specialist business lenders.
Let's work out how much you'll need to borrow.
Tell us about the property you're looking to buy.
Rough numbers are fine.
Have you found the property you want to buy?
What suburb is the property located in?
Enter a suburb or postcode
Which state is it in?
How much do you expect the property to cost?
$
Which state will you be buying in?
About how much are you looking to spend?
$
Do you have money saved for a deposit?
How much can you put in?
$
0%What type of property are you buying?
This affects stamp duty and which grants you may get.
Are you eligible for the First Home Owner Grant?
Not sure? That's fine. A broker will check for you.
Ok, let's start with the home you're selling.
Rough numbers are fine.
Where is the property?
Enter a suburb and postcode
Roughly how much is the property worth?
$
Do you still have a mortgage on it?
Roughly how much do you still owe?
$
Calculating your proceeds of sale.
- Outstanding mortgage
- Agent fees
- Other selling costs
You'll have around $0 after selling your home.
$0Sale price
Selling costs $00% of the sale price.
Sale price
Sale price
Selling costs
Outstanding mortgage
Real estate agent fees (about 2.5%)
Legal and conveyancing
Marketing and styling
Moving and cleaning
Total selling costs
Proceeds of sale
Estimated proceeds of sale
Tap any amount to change it. Agent and marketing costs vary by area and agent. All figures are a general guide only.
Next, let's talk about the property you're looking to buy.
Let's see what happens if you rent out your current home.
Please tell us about your current home.
Rough numbers are fine.
Where is the property?
Enter a suburb or postcode
Roughly how much is the property worth?
$
Do you still have a mortgage on it?
How much is remaining on the mortgage?
$
How much do you think you could rent it out for?
$
Calculating your investment cash flow.
- Rental income
- Property management costs
- Interest payments
$0Income per week
Expenses $00% of rental income per week.
Investment income
Rent collected
Investment expenses
Interest-only repayments*
Property management (about 7%)
Vacancy allowance (about 2 weeks a year)
Repairs, rates and insurance
Total expenses
Investment cash flow
Estimated cash flow
All amounts are per week. Tap any amount to change it. *Interest is estimated at % p.a. interest-only on what you still owe. This is an assumed rate for illustration, not a quote. Rental income may be taxable and some costs may be deductible. Speak to your accountant. All figures are a general guide only.
Now let's take a quick look at cash flow.
What do you expect to receive in rent?
A rough figure is fine. Check similar rentals nearby if you're not sure.
How much do you think you could rent it out for?
$
Calculating how much you'll need to borrow.
- Purchase costs
- Stamp duty
- Contributions
You'll need to borrow about $0.
$0Purchase costs
Contributions $00% of total purchase costs.
Purchase costs
Purchase price
Stamp duty (estimate)
LMI allowance
Legal and conveyancing
Moving and cleaning
Renovations
Other costs
Total purchase costs
Contributions
Cash deposit
First Home Owner Grant (estimate)
Total contributions
Loan required
Loan to value ratio (LVR)
Total loan required
Tap any amount to change it. Stamp duty uses standard state rates and doesn't include first home buyer concessions or exemptions, so you may pay less. Grant amounts vary by state. All figures are a general guide only.
So that we can find a better deal, tell us about the property you're refinancing.
Rough numbers are fine.
Where is the property?
Enter a suburb or postcode
Roughly how much is the property worth?
$
How much is remaining on the mortgage?
$
Is the property a home or an investment?
Tell us a little about your business.
Rough numbers are fine.
About how much do you need to borrow?
$
How long has the business been trading?
When do you need the funds?
Your next step
Estimates are a general guide only, based on what you entered. A broker will confirm your options.
Talk to a Loanworx broker
Leave your details and we'll call you back to talk through your options.
Prefer to talk now? Call 1300 562 696
Our Loans
At Loanworx Group we offer a variety of financial loans and are more than just home loans.
Why Borrowers Choose Loanworx Group
Going direct to one bank means seeing one credit policy and one set of rates. We compare the wider market in a single conversation and structure the application around what each lender actually wants to see. Here's where that makes the difference.
Whole-of-market comparison
We compare loans across a broad panel of banks, second-tier lenders and non-bank funders, so you see a genuine spread of options rather than one lender's offering. We match the deal to the lender most likely to approve it at a competitive rate, which often isn't the bank you'd have walked into yourself.
Senior brokers who structure the deal
You deal with experienced brokers who shape the application before it's lodged, not a processing line. We expect to see variable income, self-employment, professional income, business structures and investment portfolios, and we know how to present each one to the lender accurately.
One point of contact, start to finish
From the first conversation to settlement, you deal with us rather than a rotating call centre. We prepare the submission, liaise with the lender, coordinate with your conveyancer or solicitor, and keep you updated at each stage so you always know where things stand.
Meet Our Brokers
Senior specialists across home loans, commercial & residential, and vehicles & equipment finance. Choose a team to meet the people behind your finance.
Senior brokers, whole of market, on your side
Loanworx Group is a senior-led finance brokerage. We arrange home loans, commercial finance and asset finance for clients right across Australia, comparing the whole market instead of pushing any one lender's product.
Every client works with an experienced broker who structures the loan around your goals and stays with you well past settlement. It's finance advice with a longer view, and it's the thinking behind our Zero Debt Club.
Ready to talk finance?
It’s what we do best. Call us now on 1300 562 696 or fill in the below form to speak to one of our highly skilled brokers.
Loanworx Group is proud to introduce a first of its kind debt deletion Program called the Zero Debt Club.
This comprehensive, brand-new product is set to revolutionize the way mortgage brokers serve their clients, offering a solution that empowers borrowers to save money, eliminate debt, and ultimately achieve true financial freedom.
Many of our Finance Brokers have completed extra training to become Certified Credit Coaches – look for their badge of Certification.
Lender panel
One conversation, 100+ lenders
We compare the big banks, second-tier lenders and specialist funders, then bring you the option that fits, not the one that happens to be ours.
Become a Loanworx Group finance broker
We’re always on the lookout for talented individuals pursuing a career in financial services.
Meet our clients
We let them do the talking
