First time buyers grant
May 25th 2009, 12:26 am
#16
Account Closed
Joined: Apr 2006
Posts: 10,784
Re: First time buyers grant
Unless it's in Queensland.
I believe that the QLD state treasury apply an 'Anywhere' i.e. worldwide - clause to the eligibility criteria, where other states and territories only apply an 'in Australia' clause.
So if you have owned a property in the UK, you would be ineligible for first homeowner benefits in QLD, but still be eligible in any other state or territory.
This may have changed since it was last discussed, so it's probably worth checking.
S
I believe that the QLD state treasury apply an 'Anywhere' i.e. worldwide - clause to the eligibility criteria, where other states and territories only apply an 'in Australia' clause.
So if you have owned a property in the UK, you would be ineligible for first homeowner benefits in QLD, but still be eligible in any other state or territory.
This may have changed since it was last discussed, so it's probably worth checking.
S
However, stamp duty is a different matter, if you have owned a house anywhere in the world, you will not receive a stamp duty concession in Qld
May 25th 2009, 12:30 am
#17
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: First time buyers grant
Don't know if I may be misunderstanding your post, but in Qld we got the FHOG in spite of owning a house in the UK. it only relates to houses in Aus.
However, stamp duty is a different matter, if you have owned a house anywhere in the world, you will not receive a stamp duty concession in Qld
However, stamp duty is a different matter, if you have owned a house anywhere in the world, you will not receive a stamp duty concession in Qld
Yes, I had confused the two. See my previous post.
S
May 25th 2009, 12:35 am
#19
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
May 25th 2009, 2:25 am
#20
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: First time buyers grant
Stamp duty is cheap in Qld anyway. So no biggie.
May 25th 2009, 5:18 am
#21
BE Enthusiast
Joined: Apr 2005
Location: Gold Coast
Posts: 493
Re: First time buyers grant
Only 6 months? One strategy that we're thinking of is buying an apartment for cash, living in it for up to a year and then getting a mortgage and buying a house - at which point we would let the apartment out. Would this eliminate us from eligibility for the first time buyers grant on the apartment?
This of course is only applicable if this is your first home purchase anywhere and not just QLD.
May 25th 2009, 5:23 am
#22
Banned
Joined: Aug 2008
Posts: 22,348
Re: First time buyers grant
Thanks everyone for all of the info 
May 26th 2009, 12:37 am
#23
Guest
Posts: n/a
Re: First time buyers grant
An example in QLD, with a house valued $450,000
Stamp Duty
An example in QLD, with a house valued $540,000
Stamp Duty
Stamp Duty
- $0 First Home Buyer (up to $500,000 = nil) (must be first home anywhere in the world)
- $ 7,000 Home Buyer as residence
- $14,175 Investment property
An example in QLD, with a house valued $540,000
Stamp Duty
- $ 8,400 First Home Buyer
- $10,150 Home Buyer as residence
- $17,325 Investment property
May 26th 2009, 5:32 am
#24
Banned
Joined: Aug 2008
Posts: 22,348
Re: First time buyers grant
An example in QLD, with a house valued $450,000
Stamp Duty
An example in QLD, with a house valued $540,000
Stamp Duty
Stamp Duty
- $0 First Home Buyer (up to $500,000 = nil) (must be first home anywhere in the world)
- $ 7,000 Home Buyer as residence
- $14,175 Investment property
An example in QLD, with a house valued $540,000
Stamp Duty
- $ 8,400 First Home Buyer
- $10,150 Home Buyer as residence
- $17,325 Investment property
That seems harsh on those investing in property.
May 26th 2009, 5:36 am
#25
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
May 26th 2009, 7:03 am
#27
Guest
Posts: n/a
Re: First time buyers grant
Before these First Home and Owner occupier discounted rates, everyone probably paid those higher normal prices, like some other States...
eg:
VIC on a $540,000 house....
$28,060 Home Buyer
$27,470 Investment property ????
I have double checked this, and can't work it out.
Anyone else fancy checking this.......
http://www.sro.vic.gov.au/sro/SROWeb...e_families.htm
eg:
VIC on a $540,000 house....
$28,060 Home Buyer
$27,470 Investment property ????
I have double checked this, and can't work it out.
Anyone else fancy checking this.......
http://www.sro.vic.gov.au/sro/SROWeb...e_families.htm
Jun 17th 2009, 12:15 pm
#28
Living the dream
Joined: Jan 2008
Location: The Vines WA
Posts: 1,441
Re: First time buyers grant
As I understand the first rime buyers grant currently is $21,000 
When is this reverting back to the amount of $7,000? I have read some articals which says its to be abolished altogether 
Is this right & when?
I am referring to WA if that makes a difference?
When is this reverting back to the amount of $7,000? I have read some articals which says its to be abolished altogether Is this right & when?I am referring to WA if that makes a difference?
Jun 17th 2009, 12:26 pm
#29
Harrip
Joined: Nov 2004
Posts: 495
Re: First time buyers grant
I dont think it has been mentioned yet, but worth considering - you must be a permanent resident or Australian citizen to qualify for the grant.
Jun 17th 2009, 12:32 pm
#30
Living the dream
Joined: Jan 2008
Location: The Vines WA
Posts: 1,441
Re: First time buyers grant
We had an offer put in on our house yesterday £15k below what we wanted so we were just wondering that if we hold on for a better offer we may end up loosing out on the $21,000 first time buywers grant if we wait.
Thanks for your reply
