Hi guys,

New kid in the block!

I have just returned from holidays in the States and realised the new FHOCG replacing the old FHOG. Would really appreciate if anyone can offer some suggestions.

Initially I was planning to buy my first home between Nov 2012-Feb 2013 with a budget of $300k-$375k for 2 BR older properties. However, with the new scheme, if I don't buy now, I wlll not be able to apply for the FHOG.

If I decided to buy later and to claim FHOCG, most new developments around Brisbane will cost at least $450k for a 2 BR and will be too much from my budget, which also means I will be buying older properties without the FHOG.

Do you guys think I should lock in a purchasing contract by 12 Oct? Less than 7 days to go, do you think there will be time for me to source a home, negotiate the price, title/valuation documentations, sort out pre-approval etc…

Any response will be greatly appreciated!

Thanks!