hi advice on the first home buyers. does any one no the rules for first home buyers and renting their house if the bought it useing the grant, seling it ect. in the area im in houise can easilly be bought for 120,000 would it be worth using it to live in with the grant to get the 10,000 for equity.
Hey Shrimpo,
I know you are probably in a hurry when you write, but please also think of us readers who have to translate what you are asking because you’ ve left letters out of words! [biggrin]
Meeg.Hi Shrimpo,
If you were to receive your first home owners grant, you need to live in your home for 6 months, within the first 12 months of owning the home. there are further details at http://www.firsthome.gov.au/
Hope this helps.
Cheers
LyndonOriginally posted by lyndon_g:Hi Shrimpo,
If you were to receive your first home owners grant, you need to live in your home for 6 months, within the first 12 months of owning the home. there are further details at http://www.firsthome.gov.au/
Hope this helps.
Cheers
LyndonAlmost – just to explain it a bit tighter is that the 6 months residency needs to start within the first 12 months. ie you can buy in Jan and move in the following December through to June and still get to keep the FHOG.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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