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Initially I will be living there for ~1 year (mainly to be eligable for the home buyers grant). After that the plan is to rent it out.
Ok, that’s a good place to start. Thanks.
I was also looking at buying in these areas, Balga in particular. Any thoughts/comments on buying in Balga?
Cool, I have exactly that now. What about other fees?
Sorry I should have posted this in the help section. But thanks, I was of the same opinion.
Since I am off topic anyway… Do you know how long you are meant to reside at a property (in Perth, Western Australia) within the first 12 months of ownership so as not to violate any FHOG conditions. I’ve searched the relevent .gov sites and the only place where I found any information on this was at
http://www.treasury.tas.gov.au/domino/dtf/dtf.nsf/0/99ff56f98a5d74e3ca25692e0006c79a?OpenDocument
where it says
Is there a time limit placed on how long I have to occupy the property as my principal place of residence?
No, there has been no time set, although the applicants must move into the house within 12 months from settlement or completion of construction. Proof of moving nto the home may be requested by the State Revenue Office.but that is for Tasmania and what constitutes “proof of moving into the home”?
Basically I want to know what the government’s definition of reside is.