First Home Owner Grant??

Viewing 6 posts - 1 through 6 (of 6 total)

kagen
Member
@kagen
Join Date: 2005
Post Count: 5
October 22, 2005 - 12:07 pm
Hi, we are a couple looking to invest in property. Neither of us have owned a house before. We realise that we won’t be able to claim the $7000 FHOG because we do not intend to live in the house. Our question is – will we be able to claim the FHOG next time when we purchase a house for our place of residence?
dohicky
Member
@dohicky
Join Date: 2005
Post Count: 86
October 22, 2005 - 12:38 pm
hi kagen, short answer is yes. Search for other threads on the topic, there was one a few weeks ago.
kagen
Member
@kagen
Join Date: 2005
Post Count: 5
October 22, 2005 - 1:07 pm
Thank you Dohicky, We have tried searching a few threads but couldn’t find it and also try using the search facility, but it seems to be broken.
Paul Dobson
Participant
@pauldobson
Join Date: 2003
Post Count: 1,196
October 22, 2005 - 1:10 pm
Hi Kagen
Probably yes The following is from the NSW OSR website at:
http://www.osr.nsw.gov.au/portal/page?_pageid=33,63440&_dad=portal&_schema=OSRPTLT
“A person is not eligible if they or their spouse (including de facto spouse) has had a relevant interest in any residential property in Australia prior to 1 July 2000, whether they live in it or not.
However, a person may be eligible if they or their spouse (including de facto spouse) has only ever had a relevant interest in any residential property in Australia on or after 1 July 2000 and they have not resided in that property.”
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
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An alternative way to finance your home.
kagen
Member
@kagen
Join Date: 2005
Post Count: 5
October 22, 2005 - 1:33 pm
Cheers Paul,
I wish the WA FHOG website was as informative as the NSW [blush2]
That is what we were looking for “I have owned an investment home previously. Can I still be eligible for the grant? “
By any chance would you know if WA is the same?
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
October 22, 2005 - 10:34 pm
Exactly the same.
http://www.dtf.wa.gov.au/cms/osr_content.asp?id=379
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
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.