Hi Corey,Couple of things to consider, my bank allowed me to use the FHOG towards the 20% deposit when I purchased.  This may help you get into the market a little earlier.Additionally, if you're in a position to leverage off your parents, then they may be able to put up some of the equity in their property without any cash physically changing ha…[Read more]

Hi All,I've signed up, and i'm based in Brisbane.  I will be investing in SEQ to learn the ropes.  I've recently had confirmation that i'm in the club and also asked Steve how the final $250k figure is judged.  So to put your mind at ease, you wont need to sell the property, equity is fine and can contribute to your total.(Quote: " $250k in eq…[Read more]

Dare I say – because it's painful waiting for 45 mins to talk to someone who at the end of it can't answer my question (then cuts me off when they try to transfer me !!)… So I've been on hold for most of the morning to a couple of areas, here's what i've found out:Re the FHOG – Because i've lived there for more than the 6 month period, they h…[Read more]

Thanks PI101,Unfortunately, during my search of the site I couldn't find any information on sub-dividing and selling.I've lived on the entire block for over 6 months (so I've past that hurdle), however i'm not sure of the 'legalities' if sub-divided within 12 months.  Will the FHOG even come into play ??Still seem's to be a bit of an un-known…[Read more]

Thanks crj,I have the ability to build on the back block, which will put it past the 12 month timeframe, making it eligible for the 50% discount.  But as this is my first project, and in the interest of making cash in the 'Quickest Time' for the 'Lowest Risk' im wanting to do the sum's on selling the block without a building on it, verse's the h…[Read more]