JamesA

JamesA replied to the topic FHOG lost if purchasing investment property first? in the forum No Subject 19 years, 10 months ago
Hi Regrow,
I know what they say about assumptions, but I would ASSUME this is the same for WA. Reason why I say this, is that the $7k grant is made under Commonwealth Law; only administered/distributed by the States.
JamesA replied to the topic FHOG lost if purchasing investment property first? in the forum General Property 19 years, 10 months ago
No you won’t.
Do not try to apply for it though if you know you’re not going to live there.
Reason why you won’t lose it, is because the legislation draws a difference between a ‘home’ and ‘property’. Therefore, you can own a property and later buy a home.
Just be careful though, as:
– they may close this loophole
– if you live in Victoria,…[Read more]

@jamesa