Hi every1
im new here and im a real newby to property ..
i was just wondering does any1 know
1)if the 21k 1st home buyer grant can be used to buy off the plan apartment (i think thats what it is called??? those appartments where you only pay like 10% upfront and the rest until they get built)?
2)if its does am i still eligible if i want to buy at Perth but still be living in QLD (im moving there for work in 12months but will only realli be living there half the time anyway)?3)who should i talk to to comfirm all this ? financal adviser? any1 in Brissy you would recommand?
cheers every1,
Hav a nice day
Henry
Hi
It should qualify as long as the properties are new. I beleive you will only qualify if the property is going to be your main residence and you will live in it withing the first 12months.
You can confirm this by ringing the office of state revenue in your state.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Henry
I agree with Terry as long as you comply with the conditions of the FHOG then purchasing off the plan will be fine.
'
Not sure when settlement is to be on the property you are looking at in WA however you need to ensure at this stage the Contract is dated prior to the 30 June 2009.Richard Taylor | Australia's leading private lender
Apparently, this time around, the 21K can be used on any new home even if it is already completed and sitting on the market.
ummester that is correct as long as it hasnt been occupied previiously you will qualify for 21K.
Richard Taylor | Australia's leading private lender
thank every for the great advices …just another Q tho….Im sure the construction of the off the plan appartment im looking at will not be completed prior to the 30 June 2009, hence the settlement will be later..but i will be paying 10%deposite on it ..aroud 35k …does that mean i wont be eligible? what about if i pay it off (350k) before 30 June 2009?
cheers everyone!!!
Henry
Henry,
If you can pay it off before June next year do you really need the 21K:)
That said, I think you would still be elible if you match all the other criterior. read about all the conditions on the web page and if you have circumstances outside of them, I recon those circumstances are irrelevant.
Henry it is based on the date of the purchse contract not the settlement date.
Richard Taylor | Australia's leading private lender
The developer cannot accept full payment prior to completion (it safeguards the purchaser). Why would you want to pay for it before completion (bank won't pay for something it cannot own/mortgage) as it will not have a registered title.
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