Dear Kwilko,
Thanks so much for ur advice! That was great to hear back so soon!
Do you think I have enough deposit to start looking to buy a house? I am working full time for the QLD Govt. Iam on a contract but my job is going to go permanent next month.do u think it would be wise tolook at buying the property in bundaberg @ 147K despite having to pay stamp duty? or would it be better to look for something where i live? (brisbane)?
if i buy a preloved home is the grant $7000, is it still any more if u buy a new home?
I would look forward to hearing bak from you soon,
thanks again, McubedI would do the figures and look at both options.
The grant is $7,000- no matter what you buy to live in. A couple of years ago there was a extra $7,000- if you built.
You might want to get a borrowing cap or a loan pre-approval for finance before you really start looking, as this will give you an idea on what property price range you can afford and how much the lenders will lend you.
Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]Development Finance Specialist
kwilko,
do i stil get the $7000 grant if i buy the house as an investment?
or must i live it in?thanks
ps if i do buy a house to live in how long do u have to live in it to avoid paying some sort of tax? thanks
The way I understand it is the FHOG can only be used for a PPOR and not for investment purposes. You have to live in the property for 12 months after the purchase date, and then on you can do what you like with the residence. (someone correct me if i’m wrong)
– “Life is what happens when your busy making other plans” –
Hi all,
I’m a newbie, just start looking property investment recently. Need some advice.
I found a residential unit at UniLodge (city area) to sell 1Br/1Ba (Loft Style) 33sqm+8 sqm of patio.
asking price $200,000. It’s rented $265/week.I asked friend of mine (who lives in that area), the value of property not much increase in last 10 years and the Unilodge building mixed with commercial accomodation/hotel and residential.
What is the good,bad and ugly about Unilodge?
Any advice will be much appreciated.
Cheers,
Erwin
http://www.EliteTeamOZ.comErwinTjong
Email MeErwin
Because the property is under 50sqm, it will be very difficult to finance. Do you have much equity/deposit? Does it have a kitchen?
Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]Development Finance Specialist
Yes, with a small kitchen..
They asking for 20% depositWhat do you think kwilko..
Is this a good investment?Thanks for your reply,
Erwin
W :http://www.EliteTeamOZ.comErwinTjong
Email Memcubed- to be eligible for fhog you would have to live in the property for 12 months.
erwin- How much would you need to borrow?
What is the postcode?Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]Development Finance Specialist
I can’t decide it now how much i need to borrow, i have find out how’s good that property 1st.
Anyway i’ll let u know, i’m going to inspect that property tomorrow. Wish me luck guys hehe [biggrin]Cheers,
Erwin
W :http://www.EliteTeamOZ.comErwinTjong
Email Memcubed
I believe with the FHOG you have to move into the property WITHIN 12 months of settlement – so you have 12 months after it is settled to move in.
Also providing you’re not in a defacto relationship (or married) with someone that has previously owned a home and got the grant, you should get the grant.
FHOG requirements are that you need to occupy the property for 6 moths starting within the first 12 months.
See my website for links to each state’s governing body.
Cheers,
Simon Macks
Interest Free Home Loan Agent
[email protected]
0425 228 985Please email me rather than using the PM service here.
Fully Accredited With Derivex LTD and IFHL PTY LTD
***Ask about our Interest Free Home Loan***
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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