Urgent help requested on First Home Buyer Grant
Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.
I have previously owned a property in the UK but my wife hasn't owned anything anywhere. We are still eligible for the grant - right? Thanks! |
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by windsordave
(Post 5406959)
Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.
I have previously owned a property in the UK but my wife hasn't owned anything anywhere. We are still eligible for the grant - right? Thanks! Owning a property in the UK or anywhere else does not matter. Hope that helps, Mark. |
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by windsordave
(Post 5406959)
Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.
I have previously owned a property in the UK but my wife hasn't owned anything anywhere. We are still eligible for the grant - right? Thanks! yep, we were home owners in the UK but have only just bought our first Australian home and we were given it. S xx |
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by Streaks
(Post 5406970)
yep, we were home owners in the UK but have only just bought our first Australian home and we were given it.
S xx |
Re: Urgent help requested on First Home Buyer Grant
Thank you all! What did people do before the internet and the BE forum????
Moving to the Redlands in less then a month! Hoorah! |
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by windsordave
(Post 5407007)
Thank you all! What did people do before the internet and the BE forum????
Moving to the Redlands in less then a month! Hoorah! |
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by Dorothy
(Post 5407048)
Someone correct me if I'm wrong, but don't you have to be also resident in Australia to qualify?
|
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by Dorothy
(Post 5407048)
Someone correct me if I'm wrong, but don't you have to be also resident in Australia to qualify?
|
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by windsordave
(Post 5406959)
Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.
I have previously owned a property in the UK but my wife hasn't owned anything anywhere. We are still eligible for the grant - right? Thanks! Steve:D |
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by sassie
(Post 5407084)
As I said above, you have to be an Australian Citizen or have PR to qualify.
|
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by windsordave
(Post 5406959)
Help! Just about to put pen to paper on a mortgage but it is conditional on First Home Buyer Grant.
I have previously owned a property in the UK but my wife hasn't owned anything anywhere. We are still eligible for the grant - right? Thanks! Yes you are eligible for the First Home Buyers Grant however because you have owned a home before (anywhere in the world, not just Australia) you will have to pay stamp duty. |
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by paulhill
(Post 5407745)
Yes you are eligible for the First Home Buyers Grant however because you have owned a home before (anywhere in the world, not just Australia) you will have to pay stamp duty.
are you sure about that?, oh well, i've never owned a home anywhere in the world then if thats the case ;) |
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by paulhill
(Post 5407745)
Yes you are eligible for the First Home Buyers Grant however because you have owned a home before (anywhere in the world, not just Australia) you will have to pay stamp duty.
|
Re: Urgent help requested on First Home Buyer Grant
Originally Posted by paulhill
(Post 5407745)
Yes you are eligible for the First Home Buyers Grant however because you have owned a home before (anywhere in the world, not just Australia) you will have to pay stamp duty.
the price of the property. In Queensland, property below $250,000 is exempt from stamp duty. :confused: |
Re: Urgent help requested on First Home Buyer Grant
I will try to clear up the confusion...
The first home owners grant is a federal grant so is applicable nation wide. You are eligible if you have not owned a home in Australia only. Stamp duty however is dictated at state level. In QLD, for example, in order to qualify for the first home owners rate, the criteria extends to owning a property anywhere in the world. However in WA, the criteria falls in line with the first home owners grant...i.e. in Australia only. Each state is different in this regard. Hope that helps, Mark. |
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