Hi Simon,
If Zaksta has already purchased an IP (referring to his post: mentoring needed), is it still possible for them to claim the FHOG?
I too have purchased an IP only (1st property purchae) about 18 months ago and would be very interested in learning about the ability to claim the FHOG, as we are ready to buy another property…..
We too purchased on 100% finance with an P&I loan, but due to having saved more $ in the mean time are looking to maybe convert to an IO loan if possible to allow us to save extra cash (currently approx $700/week surplus cash to save for further property purchases as well as approx $27K in savings).
We rent at the moment also. What would be the ideal way for us to go to maximise our immediate ability to save more $ per week and maybe buy more property with our current savings and future savings?
[biggrin]
It is only your thoughts that create your future – Be careful what you think!
hi nathan do a search on fhog, this was answered in detail a few weeks ago, and yes it is posible to claim fhog.
The Act is quite specific.
IPs purchased after Jul 2000 do not preclude you from getting the FHOG for your first home. As long as you never occupies those IPs.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments 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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