Hey guys, I am currently in the UK and the property development game is very ripe and there appears to be lots of people making lots of money, even in this stale - falling market. Ideally when I am back in oz I would like to try my hand at flipping a few properties, but after doing some figures, it doesn't seem as easy as in the UK.. primarily due to the fact our Stamp Duty costs are extremely high. Apart from buying a very undervalued property and cheaply renovating it to add value, the stamp duty costs make it extremely hard to turn a profit on even the most basic of developments. Maybe I need to think outside the box a little bit, but is there any way to offset the stamp duty cost when flipping properties, or be able to factor it into the development? Would love to hear your thoughts.