All Topics / Help Needed! / Am I a first home buyer?

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  • Profile photo of jazz77jazz77
    Member
    @jazz77
    Join Date: 2009
    Post Count: 78
    March 25, 2009 - 11:04 am

    I am starting construction on a home and wish to get the FHOG.

    I have never owned a home with the intent to live in it.

    My problem is I have been part of a trust with two other partners, which completed a townhouse development.
    recently

    The development was owned by the trust so I dont know if i can still get the grant.

    I believe I should still get the grant as the development was purely an investment opportunity, no different than if the trust had bought shares instead of property.

    Anyone know if I can get the grant?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2009 - 12:07 pm

    From what you have outlined there is no reason why you wont qualify.

    Get your mortgage broker to lodge the forms for you with the appointed agent and you should be fine.
    Payment wont come through until the first draw is made on the construction.

    Richard Taylor | Australia's leading private lender

    Profile photo of jazz77jazz77
    Member
    @jazz77
    Join Date: 2009
    Post Count: 78
    March 25, 2009 - 12:23 pm

    Thanks for the info,

    Much appreciated

Viewing 3 posts - 1 through 3 (of 3 total)

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