No; however, the way this can be accommodated in practice is that stamp duty will come out of your cash deposit while the loan amount will increase to compensate. As an industry standard, borrowers require at least a deposit of 10% to add stamp duty and a Lenders Mortgage Insurance (LMI) fee onto the principal of the loan.

To calculate how much duty you?ll need to pay by using our handy Stamp Duty Calculator.

The ultimate resource is an Aussie Broker

Talk to us today