Dorothy

We've just signed our mortgage papers last week here in WA. No stamp duty because we're building and the house is worth less than $500K. First homeowners grant of $7k because we put the offer in before the increase was announced. We definitely told our lender (who is affilliated with the WA gov't) and our mortgage broker we had owned property in Canada and we have been approved for FHOG regardless.

kporte

probably a qld thing? we got fhog, but had to pay stamp duty because we owned a home in the uk

The_Wookie

Thanks Dorothy, that's somewhat of a relief!

chris and farideh

yes, I'm in Qld & the guy at the bank went to a Qld government site to show us that it has been changed.

Swerv-o

Yes, it is a QLD thing. In NSW the forms for FHOG and stamp duty exemption state "Owned or had an interest in a property in Australia"


S

TillyG

Phew! That's a relief. I need to do some research I think - is the exemption on properties under 500k in NSW too (like someone mentioned above)? Not that we can afford anything OVER 500k

Swerv-o

In NSW:

Properties <= $500k = no stamp duty for first time buyers

Properties between $501k - $600k = discounted stamp duty for first time buyers

properties > $600k = full stamp duty.

FHOG is available to any first home buyer that has not had an interest in a property in Australia.


S

TillyG

Thanks so much

orca05

Hi
Yes we have just bought a property and missed out on the $14,000.00 as we had put a offer in just a few days before it was announced and can only claim the $7,000.00.We had to pay just under $7,000.00 in stamp which wiped out the grant.It SUCKS as they give it to you in one hand and take it out the other in QLD.We had to sign a legal document to say we had never owned a property anywhere in the world too and as we are in our forties it would be quite obvious we were lying so we declared we had owned a property before and had to cough up the stamp duty which we also have had to pay six weeks before settlement,and we don't get the grant till after settlement.
Won't be moving for a long time!!!!!

Sammy T

It sure makes a difference to what state you live in, here is Tas, you only get a $4000 reduction on your stamp duty and that's only if you buy a house under $350,000 - most other states are obviously much more generous!

We missed out on that as we are buying a property at $370,000 and have also just found out today that despite buying a brand new house, we will not get the $21k as there was a change of ownership between the buiding company and their umberella company - they do it for a tax perk apparently (very complicated explanation we got from the solicitors!) so we are now only eligible for the $14k - which is still more than we expected originally so that's good news, just a shame that Tas is so stingy with any stamp duty rebate

Sam

ABCDiamond

Most people think themselves lucky that they are in QLD when it comes to Stamp Duty, and not one of the other States. All the others charge a much higher rate of Duty.

Sammy T

Yes, they do!

Sam

Stitch

Hi was the backlog for approval or for payout. We've had our approval letter through but don't settle until Mid December. Don't have a spare $14K so hoping the delay doesn't apply to us.

Cheers

Ginny

chris and farideh

Its for payout, this has happened to someone you know who just bought a place, she warned me as we are also settling by 12 of Dec, so I have phoned my mortgage broker to check it out as we don’t have spare $14.000, they can keep the children as deposit until we get the grant.

Stitch

I never thought about the kids! The bank arranged our FHOG papers as part of the 100% mortgage. Might have to have a wee word with the bank!

Cheers

Ginny