Forum Replies Created
Hi Lee
I live on the Gold Coast and whilst I haven’t moved from Sydney I have been looking around Brisbane of late for an IP. I actually come from Ipswich (40K west of Brisbane) and there are still some deals to be had if you go hunting out that way. That area has also just been nominated by our state governmentm as the growth corridor for the next 20 years. Brisbane itself is still a bit pricey (that I have found) but you never know.
Check out Beenleigh as well . It is between the coast and Brisbane
Happy hunting
m
Hi Josh
Be a bit careful because anything not specific could come back and bite you. Petes suggestion of having it subject to a solicitor reviewing is right on track that wat you can get out. A lot of contracts now have cooling off periods as well.
In Qld to be a valid deal it MUST be in writing if it relates to real estate. Not sure where you are but it is probably the same
good hunting
m
Hi aumeow
No it’s not “legal” and yes they MAY check. Obviously there are a lot of problems for you if they do check. If u r living there and some people pay you board, that is a different scenario and you should be fine. I say again though, check with State Revenue.
The other thing is if you don’t claim FHOG and it is an investment property, (and if they don’t change the grant guidelines), you can still get it when you do buy your first home and live in it. Just depends if the scheme keeps going.
happy hunting
m
New to all this. Looking around forums
What’s wrong with Broken Hill ????
m
We have a St George Lo Doc which we have found good so far. At a certain level you are classified as a Gold client and they offer you a bit more service (direct numbers etc)
We also found Heritage Building Society friendly and helpful but I don’t know how far they extend interstate
m
Hi aumeow
I am new at all this too and being in Sydney makes it hard to answer most of your questions (I am in Qld) but there are some people with a great knowledge base on this forum so give it a chance and see what they say.
I can tell you that First Home owners grant is only for owner occupied and you can only get it once per property ie if you all buy the same house you will only get $7000 in total. That also assumes that none of the others have ever received it. Obviously this also means if you bought three properties in each individual name (ie one each)then each of you may qualify for the grant for each property.
Yes you do have to live in it for a year but I believe individual states may vary slightly. My nephew got the grant last January but had a job transfer last month. He checked and was told that it was okay.
Check this with the Office of Stete Revenue in NSW
Good Hunting
m
You might also like to check about tree clearing. You say the block is scrubland. There is a lot of public and therefore government sentiment towards keeping trees. The council probably won’t know about the trees but check with them or the EPA about removal. Big fines if you do it illegally.
m
