Stephen purchased a rental property on 03 August 2021 and has rented the property from this date.He incurred the following expenses when purchasing the property -

$8,320     Lender's Mortgage Insurance

$13,987    Stamp duty on transfer of the property

$1,700     Mortgage broker's fee

$750       Conveyancing fees

$600        Bank loan establishment fee

$700      Stamp duty on the mortgage

Calculate how much Stephen can claim in borrowing costs for the 2022 year.