All Topics / Help Needed! / First home owner grants

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  • Profile photo of big_azzabig_azza
    Participant
    @big_azza
    Join Date: 2004
    Post Count: 4
    September 27, 2004 - 9:30 am

    I am about to purchase a block with a friend who hasnt bought property before(I have recieved my first home owner grant already). Would he still be eligible for the grant even though we are going to be joint owners? Also, if he is eligable for the grant, I’m aware the grant is $7000 for existing homes and $14000 to build a new home, what if you plan to subdivide the block and build a new home even though there is an existing house on the block?

    Regards

    Aaron

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    September 27, 2004 - 10:05 am

    If one of the owners has had it before then he will miss out. If he resides in it he misses out forever.

    FHOG is $7000

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Viewing 2 posts - 1 through 2 (of 2 total)

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