I have a FHOG question .
Can you purhase a investment property ( first property purchase ever) and then purchase your first home at a later date and still be entitled to the FHOG?

Richmond

Rockhamptom – Brief overview

It is a City of some 60,000 people. It is the major city of it’s region. It is on the tropic of Capricornia, and about 30 mins inland from the the Capricornia coast Rockhampton has an airport which is serviced by Qantas and Virgin , with several flights a day.

Capital growth last ten years 1.75% pa
Projected growth next 5 years 8-10%

Current medium rent $145
Current medium rental yield 7.01%
Current medium value $108000

Source – residex- last quarter

I also have data on all sales in postcode 4701 for the last year

Nature of Occupancy

Own – 38.3%
Purchasing – 23.6%
Rented from government 4.6%
Rent privately 27%
Other – 6.7%

Population – Rockhampton ( projected)

2001- 59301
2006 – 59314
2011 – 59349
2016 – 59390
2021 – 59451

Medium income $31000

Rockhampton population peaked in 1991 at 60627

Rockhampton region is projected to growth from 98 565 in 2001 to 120 704 in 2021

Current vacancy rate according to hardcourts 4%
Lj Hooker – more demand for homes , then units, vacancy rate around 2-3%

89.7% of dwellings in rockhampton are houses

Flood prone suburbs depot hill / lakes creek

Industry

Rockhampton region ( central queensland )

– heart of QLD mining
– beef production
– cotton
– agricultural production
– tourism
Rockhampton is the major service centre for central qld, with most government headquarters located in rockhampton

Major plant construction in Gladestone to the value of 1billion dollars. Some agents have informed me that Gladestone does not have the capacity to house the 6000 workers and many will travel from Rockhampton each day

Coles supermarket development in Gracemere ( unconfirmed ) which is 10 km from Rockhampton.

This is just some of the research I have done, if I were to type up all the information I had it would take me a couple of hours

Thanks
Matt

yeah I am a newie as well. I have been reading the posts for the last month without posting, I certaintly have been learning a lot.I have pre-approved finance and looking at purchasing a property ( first puchase ever )in the near future. I have being researching one area now for the last three months, however I am still extremely nervous. I am not sure if I am doing the right thing, considering the interest rate rises. My family are totally with me in purchasing a investment property, however my partners family is totally against it. They are old fashion , buy house to live in , retire on the pension.
Anyhow anyone have any tips on buying that first property?
I may buy without checking the property – of course I well be doing a pest and building inspection as well fully researching the area. Any opinions on buying a property without inspecting .