Hi there,
I have a couple of questions for the savvy investors out there. Firstly, I have heard that the FHOG has been increased to $12000. Does anyone know if this is correct?
Secondly, my partner and I are getting married next year. I have a part share in a house but she does not own any property. Would she still be elligable for the FHOG and if so, would that stop us from investing in other properties once the grant was received?
Thanks,
Ian
FHOG is $12 000 in Vic. 7k from federal gov, 5k from state upto a certain amount though, I think it’s $250k and then it phases out.
If you bought a house in joint names, then no, she would not be eligible for the grant.
Grant or no grant, you can invest in as many properties as you like. Hope this helps…G7Thanks G7,
That helps, so if she bought a house in her name then that would be O.K. Does anyone know what the value of the FHOG is in QLD?
Just something additional if it applies to you. If serviceability is an issue for the loan, which it was in our case, you can have the property in your partners name, the debt in joint names and still be eligible for the FHOG.
I had had proprty before, my partner hadn’t and we still got the grant which was helpful, and legal as well!
The FHOG in Queensland is $7,000.
Have many people done this?
jhopper are you sure this is legal?
Just something additional if it applies to you. If serviceability is an issue for the loan, which it was in our case, you can have the property in your partners name, the debt in joint names and still be eligible for the FHOG.
I had had proprty before, my partner hadn’t and we still got the grant which was helpful, and legal as well!
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