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Buying a house in Australia

Buying a house in Australia

Old Apr 25th 2003, 4:53 pm
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Default Buying a house in Australia

Hi,

I think I read somewhere thatif u want to buy a house in Oz you have to buy a new house( one that hasnt been lived in yet ) if you are an immigrant to Australia?

Is this true or was I dreaming it?

Thanks in advance for your replies,

Siobhan.
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Old Apr 25th 2003, 4:56 pm
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I think if you are buying a "holiday home" or investment property but are not a PR, you have to buy new.

Last edited by karawara88; Apr 25th 2003 at 5:00 pm.
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Old Apr 25th 2003, 8:25 pm
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Originally posted by karawara88
I think if you are buying a "holiday home" or investment property but are not a PR, you have to buy new.
Ahh, cheers for that. Now I know where i got the idea from!

Siobhan.
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Old Apr 25th 2003, 9:47 pm
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Don't forget if you have a PR visa you will be able to claim the $7000 first homebuyers grant when you purchase your first home out there.
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Old Apr 25th 2003, 9:47 pm
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Originally posted by LondonNurse
Ahh, cheers for that. Now I know where i got the idea from!

Siobhan.
And don't forget there may be a 7000 $ grant and no stamp duty to pay as you are now a first time buyer ...

This may not quite be correct, I read this somewhere,

Anyone know otherwise,
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Old Apr 25th 2003, 10:08 pm
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Default re property

I think what you are saying is correct

about the grant but regarding the stamp duty only if you purchase a property which has not yet been built.

ie you purchase after you have seen the artist's impression

correct me also if i'm wrong

Lisa
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Old Apr 25th 2003, 10:23 pm
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Found this website hope it helps.


[URL=http://www.infochoice.com.au/banking/articles/articles.asp?AID=7109&CID=90&L=0]

Cheers

Karen and Andy
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Old Apr 25th 2003, 10:30 pm
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Originally posted by karen and andy
Found this website hope it helps.


[URL=http://www.infochoice.com.au/banking/articles/articles.asp?AID=7109&CID=90&L=0]

Cheers

Karen and Andy
Thanks everyone for all the posts and info. It's been a great help!
I've just finished night duty and can't sleep so am doing some researching.
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Old Apr 25th 2003, 10:36 pm
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There is a link at

http://www.movingdownunder.co.uk/files/housing.php

to the government site about the $7000 first time buyers grant.
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Old Apr 26th 2003, 4:52 pm
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Originally posted by scoobydooathome
And don't forget there may be a 7000 $ grant and no stamp duty to pay as you are now a first time buyer ...

This may not quite be correct, I read this somewhere,

Anyone know otherwise,
From domain.com.au ;


For first home buyers, some of the financial outlay can be reduced by the Government's First Home Owners' Scheme. Approved first-time buyers receive $7,000 for an established home, or $10,000 for a new home – which will reduce to $7,000 on July 1st, 2002.

Some states offer first-time buyers exemptions or discounts on stamp duty, for properties under a certain value. For information specific to your State or Territory, go to the Government web site
www.firsthome.gov.au
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Old Apr 26th 2003, 9:03 pm
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Originally posted by bored_bean
From domain.com.au ;


For first home buyers, some of the financial outlay can be reduced by the Government's First Home Owners' Scheme. Approved first-time buyers receive $7,000 for an established home, or $10,000 for a new home – which will reduce to $7,000 on July 1st, 2002.

Some states offer first-time buyers exemptions or discounts on stamp duty, for properties under a certain value. For information specific to your State or Territory, go to the Government web site
www.firsthome.gov.au
great link. Gives you an eligibility check list to give you an idea of whether you can claim grant or not.
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