FHOG: can I return it?

Viewing 5 posts - 1 through 5 (of 5 total)

tommyLeno
Member
@tommyleno
Join Date: 2004
Post Count: 6
July 6, 2004 - 3:40 am
Hi,
Can someone please help with this question?
* Can I return the FHOG? If YES, can I reapply for it when I buy another house in the future (assuming the FHOG still exists)?
Many thanks,
Tommy
melbear
Member
@melbear
Join Date: 2003
Post Count: 2,429
July 6, 2004 - 5:44 am
Tommy, yes you can return the FHOG. If you used it to buy what you thought was a PPOR and now isn’t…. Otherwise why would you?
If you haven’t owned a PPOR you can (probably) then reapply for it later on. I would certainly be asking your State Gov the specific question though!
Cheers
Mel
tommyLeno
Member
@tommyleno
Join Date: 2004
Post Count: 6
July 7, 2004 - 12:42 am
Melbear, thanks a lot for your reply. Do you know if we can sell the property after getting the FHOG and living there for the first 6 months continously?
Tommy
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
July 7, 2004 - 2:29 am
Tommy,
Go to http://www.mortgagehunter.com.au/first-home-owner-grant.html
Click on your atate and read the legislation. Call them if you have any questions. Too big a risk to take on the say so of a stranger.
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
tommyLeno
Member
@tommyleno
Join Date: 2004
Post Count: 6
July 8, 2004 - 1:24 am
Thanks, Simon. I have called the State Revenue and they said that I can do whatever with it after living there the first 6 months continously.
Tommy